Waverly Advisors LLC Has $1.38 Million Holdings in Uber Technologies, Inc. (NYSE:UBER)

Waverly Advisors LLC lifted its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 110.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,851 shares of the ride-sharing company's stock after acquiring an additional 12,013 shares during the quarter. Waverly Advisors LLC's holdings in Uber Technologies were worth $1,378,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Grassi Investment Management lifted its holdings in shares of Uber Technologies by 0.5% in the fourth quarter. Grassi Investment Management now owns 97,925 shares of the ride-sharing company's stock worth $5,907,000 after buying an additional 500 shares in the last quarter. Ameritas Advisory Services LLC increased its position in Uber Technologies by 47.2% during the fourth quarter. Ameritas Advisory Services LLC now owns 7,921 shares of the ride-sharing company's stock valued at $478,000 after acquiring an additional 2,541 shares during the last quarter. Koshinski Asset Management Inc. increased its position in Uber Technologies by 3.4% during the fourth quarter. Koshinski Asset Management Inc. now owns 7,231 shares of the ride-sharing company's stock valued at $436,000 after acquiring an additional 237 shares during the last quarter. Pure Financial Advisors LLC bought a new position in Uber Technologies during the fourth quarter valued at $321,000. Finally, Beaumont Financial Advisors LLC grew its holdings in shares of Uber Technologies by 14.3% in the fourth quarter. Beaumont Financial Advisors LLC now owns 3,386 shares of the ride-sharing company's stock worth $204,000 after purchasing an additional 423 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

UBER has been the subject of several analyst reports. Needham & Company LLC reissued a "buy" rating and set a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, May 7th. JMP Securities reiterated a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. The Goldman Sachs Group increased their target price on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. KGI Securities reissued a "neutral" rating and set a $78.00 price objective on shares of Uber Technologies in a research report on Tuesday, March 11th. Finally, Barclays lifted their target price on shares of Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $93.91.

Insider Activity

In other news, SVP Nikki Krishnamurthy sold 20,000 shares of the business's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the sale, the senior vice president now directly owns 361,908 shares of the company's stock, valued at $25,901,755.56. The trade was a 5.24% decrease in their ownership of the stock. The sale 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 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 sale, the chief financial officer now directly owns 22,162 shares in the company, valued at $1,662,150. This trade represents a 11.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 83,788 shares of company stock worth $6,517,070 over the last 90 days. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Price Performance

NYSE:UBER traded up $1.16 during midday trading on Tuesday, hitting $88.91. 5,218,774 shares of the stock were exchanged, compared to its average volume of 20,383,645. The company has a market capitalization of $185.92 billion, a price-to-earnings ratio of 19.51, a P/E/G ratio of 0.89 and a beta of 1.43. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $93.60. The business has a 50-day moving average price of $78.47 and a two-hundred day moving average price of $72.61.

Uber Technologies (NYSE:UBER - Get Free Report) last posted 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 company had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The company's quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.32) EPS. Sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current 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.