Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Laurel Wealth Advisors LLC

Laurel Wealth Advisors LLC increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 676,200.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,526 shares of the ride-sharing company's stock after purchasing an additional 13,524 shares during the period. Laurel Wealth Advisors LLC's holdings in Uber Technologies were worth $986,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Navalign LLC raised its holdings 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 worth $1,536,000 after acquiring an additional 126 shares during the last quarter. Amplius Wealth Advisors LLC raised its stake in Uber Technologies by 3.6% in the 1st quarter. Amplius Wealth Advisors LLC now owns 4,140 shares of the ride-sharing company's stock valued at $302,000 after purchasing an additional 145 shares during the last quarter. Welch & Forbes LLC lifted its holdings in Uber Technologies by 3.9% in the 4th quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company's stock valued at $237,000 after purchasing an additional 148 shares in the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC boosted its stake in shares of Uber Technologies by 3.5% during the 4th quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company's stock worth $282,000 after purchasing an additional 150 shares during the last quarter. Finally, United Advisor Group LLC grew its holdings in shares of Uber Technologies by 3.6% during the fourth quarter. United Advisor Group LLC now owns 4,367 shares of the ride-sharing company's stock worth $263,000 after buying an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Down 2.1%

Shares of NYSE UBER traded down $1.81 during trading on Friday, reaching $83.81. 17,974,278 shares of the stock were exchanged, compared to its average volume of 20,747,390. The company has a market capitalization of $175.26 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38. The business's 50-day moving average price is $81.81 and its 200 day moving average price is $73.89. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. 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 EPS for the quarter, topping analysts' consensus estimates 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 22.41% and a return on equity of 62.60%. The firm's revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.32) EPS. As a group, equities analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the sale, the insider now owns 102,135 shares in the company, valued at $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the transaction, the chief financial officer now owns 22,162 shares of the company's stock, valued at approximately $1,662,150. The trade was a 11.04% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,384 shares of company stock valued at $3,441,071. 3.84% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on UBER shares. Tigress Financial set a $110.00 price objective on shares of Uber Technologies and gave the company a "buy" rating in a research note on Friday, May 23rd. Wedbush downgraded Uber Technologies from an "outperform" rating to a "neutral" rating and boosted their price target for the company from $80.00 to $85.00 in a report on Thursday, May 8th. Piper Sandler restated an "overweight" rating and set a $87.00 price objective (up previously from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Wall Street Zen lowered Uber Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, June 7th. Finally, TD Cowen reduced their target price on Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Twelve research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Uber Technologies currently has an average rating of "Moderate Buy" and an average target price of $94.39.

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.