Stratos Wealth Advisors LLC Acquires 61,265 Shares of Uber Technologies, Inc. $UBER

Key Points

• Stratos Wealth Advisors LLC has significantly increased its holdings in Uber Technologies by 513.3%, acquiring an additional 61,265 shares, bringing its total to 73,200 shares valued at $6.83 million.
• Institutional investors own 80.24% of Uber Technologies' stock, with recent acquisitions from multiple firms, highlighting strong institutional interest in the company.
• Uber's stock has seen a recent decline of 2.2%, and despite this, it recently reported earnings that topped expectations with a revenue increase of 18.2% year-over-year.

Stratos Wealth Advisors LLC grew its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 513.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 73,200 shares of the ride-sharing company's stock after acquiring an additional 61,265 shares during the quarter. Stratos Wealth Advisors LLC's holdings in Uber Technologies were worth $6,830,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vision Financial Markets LLC bought a new stake in shares of Uber Technologies in the first quarter valued at about $27,000. West Oak Capital LLC bought a new stake in shares of Uber Technologies in the second quarter valued at about $28,000. Truvestments Capital LLC boosted its position in shares of Uber Technologies by 498.5% in the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company's stock valued at $30,000 after acquiring an additional 339 shares during the period. Trust Co. of Toledo NA OH bought a new stake in shares of Uber Technologies in the second quarter valued at about $30,000. Finally, Ransom Advisory Ltd bought a new stake in shares of Uber Technologies in the first quarter valued at about $31,000. Institutional investors own 80.24% of the company's stock.

Insider Activity

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total value of $273,405.00. Following the completion of the transaction, the chief financial officer owned 22,528 shares of the company's stock, valued at $2,239,733.76. This represents a 10.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Tony West sold 100,000 shares of the company's stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $100.38, for a total value of $10,038,000.00. Following the completion of the transaction, the insider directly owned 171,558 shares of the company's stock, valued at $17,220,992.04. This represents a 36.82% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 601,821 shares of company stock valued at $58,659,491. Corporate insiders own 3.84% of the company's stock.

Uber Technologies Stock Down 2.2%

Shares of NYSE UBER opened at $92.47 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The company has a market cap of $192.84 billion, a price-to-earnings ratio of 15.75 and a beta of 1.48. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $101.99. The stock has a 50-day moving average price of $95.17 and a two-hundred day moving average price of $88.37.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.61 by $0.02. The firm had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The business's quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 earnings per share. As a group, analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

UBER has been the subject of several recent analyst reports. Royal Bank Of Canada upped their price objective on shares of Uber Technologies from $94.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Uber Technologies in a research report on Tuesday. Cowen reaffirmed a "buy" rating on shares of Uber Technologies in a research report on Thursday, August 7th. Morgan Stanley reaffirmed an "overweight" rating and set a $115.00 price objective (up previously from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $106.00 price objective (up previously from $96.00) on shares of Uber Technologies in a research report on Wednesday, June 25th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $105.68.

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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