Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Worth Financial Advisory Group LLC

Worth Financial Advisory Group LLC boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 18.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,986 shares of the ride-sharing company's stock after buying an additional 4,575 shares during the quarter. Uber Technologies accounts for approximately 1.3% of Worth Financial Advisory Group LLC's investment portfolio, making the stock its 17th largest position. Worth Financial Advisory Group LLC's holdings in Uber Technologies were worth $2,112,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Transce3nd LLC bought a new stake in Uber Technologies in the fourth quarter worth about $27,000. Fourth Dimension Wealth LLC bought a new stake in Uber Technologies in the fourth quarter worth about $27,000. Kozak & Associates Inc. raised its position in Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after acquiring an additional 223 shares in the last quarter. Noble Wealth Management PBC bought a new stake in Uber Technologies in the first quarter worth about $27,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in Uber Technologies in the fourth quarter worth about $28,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the transaction, the chief financial officer now owns 21,063 shares in the company, valued at $1,790,355. This trade represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the 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 transaction, the insider now owns 102,135 shares in the company, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.84% of the company's stock.

Uber Technologies Price Performance

Shares of UBER opened at $83.73 on Friday. The firm has a market cap of $175.09 billion, a PE ratio of 14.66, a PEG ratio of 1.06 and a beta of 1.38. The firm's 50 day moving average price is $83.53 and its 200 day moving average price is $74.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $93.60.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share 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 analyst estimates of $11.61 billion. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The company's revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.32) earnings per share. As a group, research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on UBER. Stifel Nicolaus began coverage on shares of Uber Technologies in a research report on Wednesday, June 11th. They issued a "buy" rating and a $110.00 price target on the stock. KGI Securities reiterated a "neutral" rating and issued a $78.00 price target on shares of Uber Technologies in a research report on Tuesday, March 11th. JMP Securities restated a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. Fox Advisors downgraded Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. Finally, Citigroup boosted their price objective on Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Eleven investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $94.39.

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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