Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Arkadios Wealth Advisors

Key Points

• Arkadios Wealth Advisors increased its holdings in Uber Technologies by 133.6%, owning 74,760 shares worth $5.45 million after acquiring an additional 42,753 shares.
• Uber reported $0.83 earnings per share for the last quarter, surpassing estimates of $0.50, with revenues of $11.53 billion, which is a 13.8% increase compared to the previous year.
• Several analysts have raised their price targets for Uber stock, with new targets reaching as high as $110.00, while maintaining a consensus rating of "Moderate Buy".

Arkadios Wealth Advisors lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 133.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,760 shares of the ride-sharing company's stock after purchasing an additional 42,753 shares during the period. Arkadios Wealth Advisors' holdings in Uber Technologies were worth $5,447,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Navalign LLC raised its position in shares of Uber Technologies by 0.5% in the fourth quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company's stock valued at $1,536,000 after buying an additional 126 shares during the last quarter. Grove Bank & Trust grew its stake in Uber Technologies by 0.9% in the 1st quarter. Grove Bank & Trust now owns 14,139 shares of the ride-sharing company's stock worth $1,030,000 after acquiring an additional 133 shares during the period. Forum Financial Management LP grew its stake in Uber Technologies by 1.3% in the 1st quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company's stock worth $798,000 after acquiring an additional 136 shares during the period. CBIZ Investment Advisory Services LLC raised its holdings in Uber Technologies by 42.1% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company's stock valued at $34,000 after acquiring an additional 138 shares during the last quarter. Finally, Amplius Wealth Advisors LLC lifted its stake in shares of Uber Technologies by 3.6% during the 1st quarter. Amplius Wealth Advisors LLC now owns 4,140 shares of the ride-sharing company's stock worth $302,000 after purchasing an additional 145 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Performance

NYSE:UBER traded down $1.68 during midday trading on Friday, reaching $86.07. 2,979,379 shares of the company traded hands, compared to its average volume of 22,143,549. The firm has a market capitalization of $179.98 billion, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 1.01 and a beta of 1.40. The company has a fifty day moving average price of $89.14 and a 200 day moving average price of $80.14. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $97.71.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. The business had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The business's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.32) EPS. On average, analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction on 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 sale, the insider 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the completion of the sale, the chief financial officer owned 21,975 shares of the company's stock, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,384 shares of company stock worth $3,496,071. 3.84% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on UBER. Bank of America lifted their price objective on Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Royal Bank Of Canada reissued an "outperform" rating and issued a $82.00 price target on shares of Uber Technologies in a research note on Monday, May 5th. Raymond James Financial downgraded shares of Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research note on Wednesday, June 18th. Wall Street Zen upgraded shares of Uber Technologies from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Finally, JPMorgan Chase & Co. raised their target price on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Ten equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $100.71.

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.