Stratos Wealth Advisors LLC Increases Holdings in 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% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,935 shares of the ride-sharing company's stock after purchasing an additional 3,582 shares during the period. Stratos Wealth Advisors LLC's holdings in Uber Technologies were worth $870,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of UBER. Capital Research Global Investors boosted its position in Uber Technologies by 79.0% in the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock valued at $7,125,728,000 after buying an additional 52,125,476 shares during the period. Norges Bank purchased a new stake in shares of Uber Technologies in the 4th quarter worth approximately $1,467,754,000. Boston Partners purchased a new stake in shares of Uber Technologies in the 4th quarter worth approximately $381,057,000. Toyota Motor Corp purchased a new stake in Uber Technologies during the fourth quarter valued at approximately $309,192,000. Finally, Jericho Capital Asset Management L.P. purchased a new stake in Uber Technologies during the fourth quarter valued at approximately $298,644,000. 80.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on UBER. DA Davidson upped their price target on shares of Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Wedbush downgraded shares of Uber Technologies from an "outperform" rating to a "neutral" rating and upped their price target for the stock from $80.00 to $85.00 in a research report on Thursday, May 8th. JPMorgan Chase & Co. upped their price target on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Friday. Wells Fargo & Company upped their price target on shares of Uber Technologies from $100.00 to $120.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $82.00 price target on shares of Uber Technologies in a research report on Monday, May 5th. Thirteen analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $96.12.

Uber Technologies Stock Performance

UBER stock traded down $0.27 during trading on Friday, hitting $96.13. The company had a trading volume of 6,342,914 shares, compared to its average volume of 21,205,588. The firm has a market cap of $201.02 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 1.23 and a beta of 1.40. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $97.72. The firm has a 50-day moving average price of $88.25 and a 200-day moving average price of $77.30. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37.

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, beating the consensus estimate of $0.50 by $0.33. The firm 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 firm's revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.32) EPS. On average, analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Activity

In related news, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the transaction, the insider owned 102,135 shares in the company, valued at $8,786,674.05. The trade was a 25.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's 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 transaction, the chief financial officer owned 21,975 shares in the company, valued at $2,087,625. The trade was a 11.12% 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 90 days. 3.84% of the stock is currently owned by insiders.

About Uber Technologies

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.