Uber Technologies, Inc. $UBER Shares Acquired by Level Four Advisory Services LLC

Key Points

• Level Four Advisory Services LLC increased its holdings in Uber Technologies by 7.9% in the first quarter, acquiring an additional 14,048 shares, valuing their total investment at approximately $13.99 million.
• Uber reported $0.63 earnings per share (EPS) for the last quarter, exceeding expectations, with revenue rising by 18.2% year-over-year to $12.65 billion.
• Major analysts are optimistic about Uber's stock, with a consensus target price of $102.82 and the majority deeming it a "Moderate Buy" based on multiple recent ratings from various firms.

Level Four Advisory Services LLC increased its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 7.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 192,031 shares of the ride-sharing company's stock after acquiring an additional 14,048 shares during the quarter. Uber Technologies makes up about 0.6% of Level Four Advisory Services LLC's holdings, making the stock its 28th biggest position. Level Four Advisory Services LLC's holdings in Uber Technologies were worth $13,991,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of UBER. Noble Wealth Management PBC purchased a new stake in shares of Uber Technologies in the first quarter valued at about $27,000. Kozak & Associates Inc. increased its position in 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 purchasing an additional 223 shares during the period. Vision Financial Markets LLC acquired a new position in Uber Technologies during the first quarter worth $27,000. GPS Wealth Strategies Group LLC grew its stake in shares of Uber Technologies by 305.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after purchasing an additional 299 shares during the period. Finally, Perkins Coie Trust Co increased its holdings in shares of Uber Technologies by 306.0% in the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock valued at $30,000 after purchasing an additional 306 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Performance

Uber Technologies stock opened at $95.3560 on Wednesday. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $97.71. The company has a market capitalization of $198.86 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 1.08 and a beta of 1.43. The stock has a fifty day moving average of $90.51 and a two-hundred day moving average of $82.36. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11.

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

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of research analyst reports. Tigress Financial set a $110.00 price objective on shares of Uber Technologies and gave the stock a "buy" rating in a report on Friday, May 23rd. Canaccord Genuity Group reiterated a "hold" rating and set a $84.00 price target (down from $90.00) on shares of Uber Technologies in a research report on Friday, June 27th. The Goldman Sachs Group boosted their price target on Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Roth Capital upped their price target on Uber Technologies from $93.00 to $110.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Finally, Citigroup raised their price objective on Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $102.82.

Insider Transactions at Uber Technologies

In other news, SVP Nikki Krishnamurthy sold 11,571 shares of the business's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $91.74, for a total value of $1,061,523.54. Following the completion of the transaction, the senior vice president owned 416,222 shares of the company's stock, valued at $38,184,206.28. The trade was a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the transaction, the chief financial officer directly owned 21,975 shares in the company, valued at $2,087,625. The trade was a 11.12% decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is currently 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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