OMNI 360 Wealth Inc. Buys New Position in Uber Technologies, Inc. (NYSE:UBER)

OMNI 360 Wealth Inc. bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,771 shares of the ride-sharing company's stock, valued at approximately $202,000.

A number of other institutional investors have also made changes to their positions in UBER. Navalign LLC lifted its position in shares of Uber Technologies by 0.5% during the 4th quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company's stock worth $1,536,000 after buying an additional 126 shares during the last quarter. Grove Bank & Trust increased its stake in shares of Uber Technologies by 0.9% in the first quarter. Grove Bank & Trust now owns 14,139 shares of the ride-sharing company's stock valued at $1,030,000 after buying an additional 133 shares during the period. Amplius Wealth Advisors LLC boosted its position in shares of Uber Technologies by 3.6% during the 1st quarter. Amplius Wealth Advisors LLC now owns 4,140 shares of the ride-sharing company's stock valued at $302,000 after purchasing an additional 145 shares in the last quarter. United Advisor Group LLC boosted its position in shares of Uber Technologies by 3.6% during the 4th quarter. United Advisor Group LLC now owns 4,367 shares of the ride-sharing company's stock valued at $263,000 after purchasing an additional 153 shares in the last quarter. Finally, Capital Advisors Ltd. LLC boosted its holdings in Uber Technologies by 19.7% in the first quarter. Capital Advisors Ltd. LLC now owns 947 shares of the ride-sharing company's stock worth $69,000 after acquiring an additional 156 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies 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 sale, the chief financial officer 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 SEC, which is available at the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the transaction, the insider directly owned 102,135 shares of the company's stock, 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. In 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.

Uber Technologies Trading Up 0.1%

NYSE UBER traded up $0.06 during trading on Thursday, hitting $96.70. The company had a trading volume of 6,699,849 shares, compared to its average volume of 22,909,555. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $97.71. The company has a market cap of $202.22 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 1.24 and a beta of 1.40. The company's fifty day moving average is $87.94 and its 200-day moving average is $77.06.

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Bank of America raised their target price on Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a report on Tuesday. Cantor Fitzgerald restated an "overweight" rating and issued a $106.00 price objective (up from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. Royal Bank Of Canada reiterated an "outperform" rating and set a $82.00 price target on shares of Uber Technologies in a research report on Monday, May 5th. The Goldman Sachs Group upped their price target on Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, Canaccord Genuity Group reiterated a "hold" rating and set a $84.00 price target (down from $90.00) on shares of Uber Technologies in a research report on Friday, June 27th. Thirteen investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company's stock. According to data from MarketBeat.com, Uber Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $95.97.

Uber Technologies 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.