Kestra Private Wealth Services LLC Buys 53,741 Shares of Uber Technologies, Inc. (NYSE:UBER)

Kestra Private Wealth Services LLC grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 42.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 179,929 shares of the ride-sharing company's stock after buying an additional 53,741 shares during the period. Kestra Private Wealth Services LLC's holdings in Uber Technologies were worth $13,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in UBER. Noble Wealth Management PBC purchased a new stake in Uber Technologies in the first quarter worth $27,000. Kozak & Associates Inc. lifted its position in shares of Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after buying an additional 223 shares during the last quarter. GPS Wealth Strategies Group LLC increased its position in shares of Uber Technologies by 305.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after purchasing an additional 299 shares in the last quarter. Perkins Coie Trust Co grew its position in Uber Technologies by 306.0% during the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock worth $30,000 after purchasing an additional 306 shares during the last quarter. Finally, Fourth Dimension Wealth LLC purchased a new stake in Uber Technologies in the fourth quarter valued at approximately $27,000. Institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Up 0.1%

Shares of Uber Technologies stock traded up $0.07 on Friday, hitting $90.57. 14,207,666 shares of the company's stock traded hands, compared to its average volume of 21,184,622. The stock has a market cap of $189.40 billion, a P/E ratio of 15.86, a PEG ratio of 1.15 and a beta of 1.40. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $97.72. The firm's 50-day moving average is $89.22 and its 200 day moving average is $78.58. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37.

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

Insider Transactions at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction dated Monday, July 7th. The stock was 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 $2,087,625. This trade represents a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction 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 completion of the transaction, the insider owned 102,135 shares in the company, valued at $8,786,674.05. The trade was 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 in the last three months. 3.84% of the stock is currently owned by company insiders.

Analyst Ratings Changes

UBER has been the subject of a number of research analyst reports. Wedbush cut shares of Uber Technologies from an "outperform" rating to a "neutral" rating and upped their price objective for the stock from $80.00 to $85.00 in a research report on Thursday, May 8th. JPMorgan Chase & Co. upped their price objective on Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Friday, July 11th. KeyCorp increased their target price on Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. UBS Group increased their price objective on Uber Technologies from $103.00 to $107.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, Stifel Nicolaus assumed coverage on shares of Uber Technologies in a research report on Wednesday, June 11th. They issued a "buy" rating and a $110.00 price objective on the stock. Twelve investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to data from MarketBeat.com, Uber Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $97.63.

About Uber Technologies

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.