Lord & Richards Wealth Management LLC Invests $306,000 in Uber Technologies, Inc. (NYSE:UBER)

Lord & Richards Wealth Management LLC bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 4,194 shares of the ride-sharing company's stock, valued at approximately $306,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Clark Capital Management Group Inc. lifted its position in shares of 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. lifted its position in shares of Uber Technologies by 33.6% during the 1st quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock valued at $890,000 after acquiring an additional 3,073 shares during the period. Revolve Wealth Partners LLC lifted 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 valued at $939,000 after acquiring an additional 6,129 shares during the period. Mufg Securities Americas Inc. acquired a new position in shares of Uber Technologies during the 4th quarter valued at $1,875,000. Finally, APG Asset Management N.V. acquired a new position in shares of Uber Technologies during the 4th quarter valued at $84,687,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction dated 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 sale, the insider directly owned 102,135 shares of the company's stock, valued at $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the 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 completion of the sale, the chief financial officer directly owned 21,975 shares in the company, valued at approximately $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,384 shares of company stock worth $3,496,071. Insiders own 3.84% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Raymond James Financial downgraded shares of Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research report on Wednesday, June 18th. TD Cowen decreased their target price on Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Needham & Company LLC set a $109.00 target price on Uber Technologies and gave the company a "buy" rating in a research report on Monday. Tigress Financial set a $110.00 target price on Uber Technologies and gave the company a "buy" rating in a research report on Friday, May 23rd. Finally, Wells Fargo & Company boosted their target price on Uber Technologies from $100.00 to $120.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. Thirteen research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $97.63.

Uber Technologies Stock Performance

NYSE UBER traded down $0.24 during trading on Thursday, hitting $90.51. 16,886,335 shares of the company's stock traded hands, compared to its average volume of 21,208,571. The stock has a market capitalization of $189.27 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 1.17 and a beta of 1.40. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $97.72. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. The business has a 50 day moving average of $88.90 and a 200-day moving average of $78.17.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.50 by $0.33. The business 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%. The company's revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.32) earnings per share. As a group, equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

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.