Uber Technologies, Inc. (NYSE:UBER) Shares Bought by IFG Advisory LLC

Key Points

• IFG Advisory LLC increased its holdings in Uber Technologies by 84.0%, acquiring an additional 3,559 shares, now totaling 7,798 shares valued at approximately $568,000.
• Major institutional investors have significantly boosted their stakes in Uber, with Clark Capital Management increasing its shares by over 11,000% to 402,522 shares valued at $24.28 million.
• Several analysts have upgraded their price targets for Uber Technologies, with consensus targets now averaging around $100.71, indicating a strong favorable outlook on the company's stock performance.

IFG Advisory LLC grew its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 84.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,798 shares of the ride-sharing company's stock after acquiring an additional 3,559 shares during the quarter. IFG Advisory LLC's holdings in Uber Technologies were worth $568,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Navalign LLC lifted its holdings in Uber Technologies by 0.5% during the fourth quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company's stock worth $1,536,000 after buying an additional 126 shares during the period. Grove Bank & Trust lifted its holdings in shares of Uber Technologies by 0.9% during the 1st quarter. Grove Bank & Trust now owns 14,139 shares of the ride-sharing company's stock valued at $1,030,000 after purchasing an additional 133 shares during the last quarter. Forum Financial Management LP boosted its holdings in Uber Technologies by 1.3% in the first 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 in the last quarter. CBIZ Investment Advisory Services LLC increased its holdings in shares of Uber Technologies by 42.1% during the first 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 in the last quarter. Finally, Amplius Wealth Advisors LLC raised its position in shares of 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. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Trading Up 0.0%

UBER traded up $0.00 during mid-day trading on Wednesday, hitting $89.39. 40,090,980 shares of the stock were exchanged, compared to its average volume of 22,336,252. The firm's fifty day moving average is $89.17 and its two-hundred day moving average is $80.74. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $97.71. The company has a market cap of $186.93 billion, a PE ratio of 15.66, a PEG ratio of 1.02 and a beta of 1.43. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.02. The firm had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $12.45 billion. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The business's quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.47 earnings per share. Equities analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction dated 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 $8,786,674.05. This trade represents a 25.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated 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 approximately $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Roth Capital upped their price target on shares of Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Wall Street Zen upgraded shares of Uber Technologies from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. TD Cowen decreased their target price on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. JMP Securities reiterated a "market perform" rating on shares of Uber Technologies in a research note on Thursday, May 15th. Finally, Sanford C. Bernstein upped their target price on Uber Technologies from $95.00 to $110.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Ten equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of "Moderate Buy" and an average price target 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.