LVW Advisors LLC Raises Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

LVW Advisors LLC boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 56.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,209 shares of the ride-sharing company's stock after purchasing an additional 3,308 shares during the period. LVW Advisors LLC's holdings in Uber Technologies were worth $671,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of UBER. Brighton Jones LLC lifted its position in Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after buying an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in shares of 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 acquiring an additional 6,129 shares during the period. Clear Creek Financial Management LLC lifted its holdings in shares of Uber Technologies by 61.5% in the 4th quarter. Clear Creek Financial Management LLC now owns 4,672 shares of the ride-sharing company's stock worth $282,000 after acquiring an additional 1,780 shares during the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of Uber Technologies by 22.4% during the 4th quarter. Chicago Partners Investment Group LLC now owns 11,610 shares of the ride-sharing company's stock worth $754,000 after purchasing an additional 2,125 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. increased its holdings in Uber Technologies by 4.3% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 55,426 shares of the ride-sharing company's stock valued at $3,343,000 after purchasing an additional 2,294 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Performance

UBER stock traded up $0.93 during trading on Friday, hitting $85.60. The company had a trading volume of 28,140,231 shares, compared to its average volume of 20,713,199. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $93.60. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average price of $80.38 and a 200-day moving average price of $73.46. The firm has a market cap of $179.00 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data 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 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 analyst estimates of $11.61 billion. During the same quarter in the previous year, the company earned ($0.32) EPS. The firm's revenue for the quarter was up 13.8% compared to the same quarter last year. On average, analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Tony West sold 23,404 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the sale, the insider now directly owns 114,241 shares in the company, valued at $8,027,715.07. The trade was a 17.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the transaction, the chief financial officer now owns 22,162 shares of the company's stock, valued at $1,662,150. This trade represents a 11.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,788 shares of company stock worth $6,517,070. 3.84% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on UBER. Evercore ISI decreased their price target on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. Tigress Financial set a $110.00 target price on Uber Technologies and gave the company a "buy" rating in a report on Friday, May 23rd. Barclays boosted their price target on shares of Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Citigroup raised their price objective on shares of Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, DA Davidson upped their target price on shares of Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $93.91.

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.