Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Private Advisor Group LLC

Private Advisor Group LLC lifted its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 14.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 284,661 shares of the ride-sharing company's stock after buying an additional 36,966 shares during the quarter. Private Advisor Group LLC's holdings in Uber Technologies were worth $20,740,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of UBER. Noble Wealth Management PBC purchased a new position in Uber Technologies during the first quarter worth approximately $27,000. Kozak & Associates Inc. boosted its position in Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after purchasing an additional 223 shares in the last quarter. GPS Wealth Strategies Group LLC boosted its position in 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 boosted its position in Uber Technologies by 306.0% during the first 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 in the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of Uber Technologies during the fourth quarter valued at approximately $27,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insider Buying and Selling

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the sale, the chief financial officer owned 21,975 shares of the company's stock, valued at approximately $2,087,625. The trade was a 11.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction that occurred on 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 completion of the sale, the insider directly owned 102,135 shares in the company, valued at $8,786,674.05. This represents a 25.46% decrease in their position. 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 ninety days. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Stock Performance

Shares of UBER traded up $0.07 during midday trading on Friday, reaching $90.57. 14,207,666 shares of the stock were exchanged, compared to its average volume of 21,184,622. The business's 50-day moving average price is $89.22 and its 200 day moving average price is $78.58. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $97.72. The company has a market capitalization of $189.40 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 1.15 and a beta of 1.40.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its 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 business had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The business's revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.32) earnings per share. On average, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Cantor Fitzgerald reissued an "overweight" rating and set a $106.00 target price (up previously from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. Roth Capital set a $110.00 price target on Uber Technologies and gave the company a "buy" rating in a report on Monday, July 14th. Citigroup increased their price target on Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $82.00 price target on shares of Uber Technologies in a report on Monday, May 5th. Finally, Wells Fargo & Company increased their price target on Uber Technologies from $100.00 to $120.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Twelve investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $97.63.

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.