Legacy Capital Wealth Partners LLC Takes Position in Uber Technologies, Inc. (NYSE:UBER)

Legacy Capital Wealth Partners LLC bought a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 3,063 shares of the ride-sharing company's stock, valued at approximately $223,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Clark Capital Management Group Inc. raised its holdings in Uber Technologies by 11,354.8% in the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock worth $24,280,000 after purchasing an additional 399,008 shares during the period. UMB Bank n.a. raised its stake in Uber Technologies by 33.6% in the first 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 raised its position in shares of Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after purchasing an additional 6,129 shares during the last quarter. Mufg Securities Americas Inc. bought a new position in shares of Uber Technologies in the fourth quarter valued at approximately $1,875,000. Finally, APG Asset Management N.V. bought a new position in shares of Uber Technologies during the 4th quarter valued at $84,687,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the sale, the insider directly owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $95.00, for a total value 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 disclosure for this sale can be found here. Insiders sold 40,384 shares of company stock valued at $3,496,071 in the last ninety days. 3.84% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on UBER shares. DA Davidson lifted their price objective on Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Wedbush cut Uber Technologies from an "outperform" rating to a "neutral" rating and upped their price target for the stock from $80.00 to $85.00 in a report on Thursday, May 8th. Cantor Fitzgerald restated an "overweight" rating and set a $106.00 price target (up from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. Bank of America increased their price objective on shares of Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Finally, Loop Capital reaffirmed a "buy" rating and set a $105.00 price target (up previously from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Thirteen analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company's stock. According to MarketBeat.com, Uber Technologies currently has an average rating of "Moderate Buy" and an average price target of $97.63.

Uber Technologies Price Performance

NYSE:UBER opened at $90.51 on Friday. The business's 50-day simple moving average is $89.06 and its two-hundred day simple moving average is $78.37. 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, Inc. has a 52 week low of $54.84 and a 52 week high of $97.72. The stock has a market cap of $189.27 billion, a PE ratio of 15.85, a P/E/G ratio of 1.15 and a beta of 1.40.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating 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 firm had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. During the same period in the previous year, the company earned ($0.32) earnings per share. Uber Technologies's quarterly revenue was up 13.8% compared to the same quarter last year. As a group, analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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.

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