Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Strata Wealth Advisors LLC

Strata Wealth Advisors LLC lessened its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 54.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,472 shares of the ride-sharing company's stock after selling 5,317 shares during the period. Strata Wealth Advisors LLC's holdings in Uber Technologies were worth $326,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Transce3nd LLC acquired a new position in Uber Technologies during the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Uber Technologies during the 4th quarter worth approximately $27,000. Kozak & Associates Inc. lifted its position in shares of Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after buying an additional 223 shares during the last quarter. Noble Wealth Management PBC purchased a new stake in shares of Uber Technologies during the 1st quarter worth approximately $27,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in shares of Uber Technologies during the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on UBER shares. Tigress Financial set a $110.00 price objective on shares of Uber Technologies and gave the stock a "buy" rating in a research report on Friday, May 23rd. KeyCorp boosted their price objective on shares of Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a research report on Monday. Stifel Nicolaus started coverage on shares of Uber Technologies in a research report on Wednesday, June 11th. They set a "buy" rating and a $110.00 price objective for the company. UBS Group boosted their price objective on shares of Uber Technologies from $103.00 to $107.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, Wall Street Zen downgraded shares of Uber Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Thirteen equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $97.26.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $95.36 on Monday. The stock has a market cap of $199.41 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 1.21 and a beta of 1.40. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $97.72. The company's 50-day moving average price is $88.47 and its 200 day moving average price is $77.75. 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 issued its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. The firm had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The firm's revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.32) EPS. As a group, research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share 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 dated 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 directly owned 102,135 shares in the company, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their position. The transaction was disclosed in a document filed 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 dated Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the transaction, the chief financial officer owned 21,975 shares in the company, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,384 shares of company stock worth $3,496,071. 3.70% of the stock is owned by corporate insiders.

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.

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