IFP Advisors Inc Grows Holdings in Uber Technologies, Inc. (NYSE:UBER)

IFP Advisors Inc increased its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 17.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 40,486 shares of the ride-sharing company's stock after purchasing an additional 6,009 shares during the quarter. IFP Advisors Inc's holdings in Uber Technologies were worth $2,950,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Clark Capital Management Group Inc. increased its position in shares of Uber Technologies by 11,354.8% during the fourth quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock valued at $24,280,000 after purchasing an additional 399,008 shares during the period. UMB Bank n.a. boosted its stake in Uber Technologies by 33.6% in the 1st quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock valued at $890,000 after buying an additional 3,073 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after buying an additional 6,129 shares in the last quarter. Mufg Securities Americas Inc. acquired a new stake in Uber Technologies in the 4th quarter valued at $1,875,000. Finally, APG Asset Management N.V. acquired a new stake in Uber Technologies in the 4th quarter valued at $84,687,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a research note on Thursday, May 15th. Wells Fargo & Company upped their price objective on Uber Technologies from $100.00 to $120.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Tigress Financial set a $110.00 price target on Uber Technologies and gave the stock a "buy" rating in a report on Friday, May 23rd. Citigroup increased their price target on Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, Wedbush downgraded Uber Technologies from an "outperform" rating to a "neutral" rating and increased their price target for the stock from $80.00 to $85.00 in a report on Thursday, May 8th. Ten analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. Based on data from MarketBeat, Uber Technologies has a consensus rating of "Moderate Buy" and an average target price of $99.79.

Uber Technologies Price Performance

Shares of NYSE UBER traded down $1.83 during mid-day trading on Wednesday, hitting $89.96. 18,548,356 shares of the company's stock traded hands, compared to its average volume of 21,130,864. The company's 50-day moving average is $89.22 and its two-hundred day moving average is $78.82. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $188.12 billion, a P/E ratio of 15.76, a PEG ratio of 1.05 and a beta of 1.40. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $97.72.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The company had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same period in the prior year, the company posted ($0.32) EPS. The firm's revenue for the quarter was up 13.8% on a year-over-year basis. On average, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the transaction, the chief financial officer directly owned 21,975 shares in the company, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the transaction, the insider owned 102,135 shares in the company, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,384 shares of company stock worth $3,496,071 over the last 90 days. Insiders own 3.70% of the company's stock.

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.