Tyler Stone Wealth Management Has $3.49 Million Holdings in Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Tyler Stone Wealth Management increased its holdings in Uber Technologies, Inc. by 18.0%, owning 47,835 shares valued at approximately $3.49 million as per its latest SEC filing.
• Uber's stock recently received multiple rating upgrades, with Raymond James raising its price target from $100 to $105, while analysts maintain a consensus rating of "Moderate Buy" and an average price target of $102.82.
• In its most recent earnings report, Uber posted $0.63 EPS and revenue of $12.65 billion, exceeding analyst expectations and showing an 18.2% year-over-year revenue growth.

Tyler Stone Wealth Management grew its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 18.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,835 shares of the ride-sharing company's stock after buying an additional 7,304 shares during the period. Tyler Stone Wealth Management's holdings in Uber Technologies were worth $3,485,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in UBER. Brighton Jones LLC lifted its position in shares of Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after buying an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after buying an additional 6,129 shares during the last quarter. Bank Pictet & Cie Europe AG acquired a new stake in shares of Uber Technologies in the fourth quarter worth about $395,000. Ontario Teachers Pension Plan Board lifted its position in shares of Uber Technologies by 12.7% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 4,900 shares of the ride-sharing company's stock worth $296,000 after buying an additional 554 shares during the last quarter. Finally, Jump Financial LLC bought a new position in shares of Uber Technologies in the fourth quarter worth about $618,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on UBER shares. Raymond James Financial lifted their price objective on Uber Technologies from $100.00 to $105.00 and gave the stock a "strong-buy" rating in a research note on Thursday, August 7th. Loop Capital reiterated a "buy" rating and issued a $105.00 price objective (up from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Roth Capital lifted their price objective on Uber Technologies from $93.00 to $110.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Cowen reiterated a "buy" rating on shares of Uber Technologies in a research note on Thursday, August 7th. Finally, Piper Sandler lifted their price objective on Uber Technologies from $95.00 to $103.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Eleven analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $102.82.

Uber Technologies Stock Up 1.4%

Shares of UBER opened at $92.64 on Friday. The company has a market capitalization of $193.19 billion, a P/E ratio of 15.78, a PEG ratio of 1.05 and a beta of 1.43. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $97.71. The business's 50 day simple moving average is $90.19 and its 200-day simple moving average is $81.86.

Uber Technologies (NYSE:UBER - Get Free Report) last announced 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 business had revenue of $12.65 billion for 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%. Uber Technologies's revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 EPS. As a group, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In other news, 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 directly owned 21,975 shares of the company's stock, valued at $2,087,625. The trade was a 11.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.84% of the stock is 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.

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