Great Valley Advisor Group Inc. Acquires 3,220 Shares of Uber Technologies, Inc. (NYSE:UBER)

Great Valley Advisor Group Inc. raised its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 7.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,831 shares of the ride-sharing company's stock after purchasing an additional 3,220 shares during the quarter. Great Valley Advisor Group Inc.'s holdings in Uber Technologies were worth $2,885,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. United Advisor Group LLC boosted its holdings in shares of Uber Technologies by 3.6% in the 4th quarter. United Advisor Group LLC now owns 4,367 shares of the ride-sharing company's stock valued at $263,000 after purchasing an additional 153 shares in the last quarter. Challenger Wealth Management acquired a new stake in shares of Uber Technologies in the 4th quarter valued at $241,000. Ascent Group LLC boosted its holdings in shares of Uber Technologies by 3.4% in the 4th quarter. Ascent Group LLC now owns 22,439 shares of the ride-sharing company's stock valued at $1,354,000 after purchasing an additional 737 shares in the last quarter. AlphaCore Capital LLC boosted its holdings in shares of Uber Technologies by 2.7% in the 4th quarter. AlphaCore Capital LLC now owns 12,566 shares of the ride-sharing company's stock valued at $758,000 after purchasing an additional 335 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in shares of Uber Technologies by 57.8% during the 4th quarter. Mackenzie Financial Corp now owns 847,313 shares of the ride-sharing company's stock valued at $51,110,000 after acquiring an additional 310,378 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on UBER shares. Wells Fargo & Company raised their price objective on Uber Technologies from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Loop Capital reissued a "buy" rating and set a $105.00 price objective (up previously from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Evercore ISI cut their price objective on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. Bank of America raised their price objective on Uber Technologies from $96.00 to $97.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Benchmark reissued a "hold" rating on shares of Uber Technologies in a report on Friday, January 31st. Eleven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $93.91.

Uber Technologies Stock Down 0.7%

NYSE:UBER traded down $0.61 on Wednesday, hitting $88.39. The stock had a trading volume of 13,749,595 shares, compared to its average volume of 20,427,985. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $93.60. The business's fifty day moving average is $78.76 and its 200 day moving average is $72.73. The company has a market cap of $184.84 billion, a PE ratio of 19.38, a P/E/G ratio of 0.89 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The company had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. During the same period last year, the business earned ($0.32) EPS. Uber Technologies's quarterly revenue was up 13.8% compared to the same quarter last year. On average, equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity

In other Uber Technologies news, insider Tony West sold 23,404 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the sale, the insider now directly owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. The trade was a 17.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the sale, the chief financial officer now directly owns 22,162 shares of the company's stock, valued at $1,662,150. This represents a 11.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 83,788 shares of company stock worth $6,517,070 over the last three months. 3.84% of the stock is currently owned by insiders.

Uber Technologies Company Profile

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.