Stratos Wealth Advisors LLC Acquires 3,582 Shares of Uber Technologies, Inc. (NYSE:UBER)

Stratos Wealth Advisors LLC increased its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 42.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,935 shares of the ride-sharing company's stock after acquiring an additional 3,582 shares during the period. Stratos Wealth Advisors LLC's holdings in Uber Technologies were worth $870,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Noble Wealth Management PBC purchased a new stake in shares of Uber Technologies during the first quarter worth $27,000. Kozak & Associates Inc. increased 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 buying an additional 223 shares during the last quarter. GPS Wealth Strategies Group LLC increased 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 buying an additional 299 shares during the last quarter. Perkins Coie Trust Co increased 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 buying an additional 306 shares during the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new position in Uber Technologies during the fourth quarter worth $27,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UBER has been the topic of several analyst reports. Wedbush downgraded shares of Uber Technologies from an "outperform" rating to a "neutral" rating and increased their target price for the stock from $80.00 to $85.00 in a research report on Thursday, May 8th. Tigress Financial set a $110.00 price target on Uber Technologies and gave the company a "buy" rating in a research report on Friday, May 23rd. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $84.00 price target (down from $90.00) on shares of Uber Technologies in a research report on Friday, June 27th. DA Davidson raised their price target on Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, UBS Group raised their price target on Uber Technologies from $103.00 to $107.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Thirteen equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company's stock. According to MarketBeat.com, Uber Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $95.97.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction 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 sale, the insider directly owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction 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 completion of the sale, the chief financial officer directly owned 21,975 shares in the company, valued at $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,384 shares of company stock worth $3,496,071 over the last ninety days. 3.84% of the stock is currently owned by insiders.

Uber Technologies Trading Down 0.3%

Shares of UBER stock traded down $0.25 on Thursday, hitting $96.39. The stock had a trading volume of 15,642,616 shares, compared to its average volume of 21,237,499. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $97.72. The firm has a market cap of $201.57 billion, a P/E ratio of 16.88, a PEG ratio of 1.24 and a beta of 1.40. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. The company has a fifty day moving average price of $87.94 and a two-hundred day moving average price of $77.06.

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

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.