Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Bulltick Wealth Management LLC

Key Points

• Bulltick Wealth Management LLC increased its stake in Uber Technologies by 26.7% during the first quarter, now owning over 63,000 shares worth approximately $4.6 million.
• A number of analysts have adjusted their price targets for Uber, with a consensus average target price set at $102.82 and a rating of "Moderate Buy."
• Uber reported a net margin of 26.68% in its latest earnings, with revenue of $12.65 billion, surpassing expectations and showing a year-over-year growth of 18.2%.

Bulltick Wealth Management LLC boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 26.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 63,304 shares of the ride-sharing company's stock after purchasing an additional 13,321 shares during the period. Uber Technologies makes up approximately 1.2% of Bulltick Wealth Management LLC's portfolio, making the stock its 25th biggest holding. Bulltick Wealth Management LLC's holdings in Uber Technologies were worth $4,612,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Transce3nd LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at $27,000. Fourth Dimension Wealth LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at $27,000. Kozak & Associates Inc. lifted its stake in shares of Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after purchasing an additional 223 shares during the period. Noble Wealth Management PBC acquired a new position in shares of Uber Technologies in the 1st quarter valued at $27,000. Finally, Vision Financial Markets LLC acquired a new position in shares of Uber Technologies in the 1st quarter valued at $27,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

UBER has been the subject of several recent analyst reports. Morgan Stanley reissued an "overweight" rating and issued a $115.00 price target (up previously from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. Bank of America boosted their price target on shares of Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Needham & Company LLC boosted their price target on shares of Uber Technologies from $100.00 to $109.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Stifel Nicolaus boosted their price target on shares of Uber Technologies from $110.00 to $117.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Finally, Wells Fargo & Company cut their price target on shares of Uber Technologies from $120.00 to $119.00 and set an "overweight" rating for the company in a report on Thursday, August 7th. Eleven research 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $102.82.

Insider Buying and Selling

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction dated Monday, July 7th. The shares were 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 of the company's stock, valued at $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.70% of the stock is owned by insiders.

Uber Technologies Trading Up 1.3%

Shares of UBER traded up $1.18 during mid-day trading on Tuesday, reaching $91.76. The stock had a trading volume of 12,507,148 shares, compared to its average volume of 19,278,046. 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 52-week low of $59.33 and a 52-week high of $97.71. The business's fifty day moving average is $89.77 and its 200 day moving average is $81.47. The firm has a market cap of $191.36 billion, a price-to-earnings ratio of 15.63, a P/E/G ratio of 1.04 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.02. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The company had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $12.45 billion. During the same quarter in the prior year, the company posted $0.47 earnings per share. Uber Technologies's revenue for the quarter was up 18.2% compared to the same quarter last year. On average, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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.