46,702 Shares in Uber Technologies, Inc. (NYSE:UBER) Acquired by Wealth Advisory Solutions LLC

Wealth Advisory Solutions LLC bought a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 46,702 shares of the ride-sharing company's stock, valued at approximately $3,403,000.

Other institutional investors have also modified their holdings of the company. Transce3nd LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at $27,000. Fourth Dimension Wealth LLC acquired a new position in Uber Technologies in the 4th quarter valued at $27,000. Kozak & Associates Inc. increased its stake in Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after buying an additional 223 shares during the period. Noble Wealth Management PBC acquired a new position in Uber Technologies in the 1st quarter valued at $27,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in Uber Technologies in the 4th quarter valued at $28,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Wedbush cut shares of Uber Technologies from an "outperform" rating to a "neutral" rating and boosted their price objective for the company from $80.00 to $85.00 in a research note on Thursday, May 8th. Wells Fargo & Company lifted their price objective on Uber Technologies from $100.00 to $120.00 and gave the company an "overweight" rating in a report on Monday. Stifel Nicolaus started coverage on Uber Technologies in a report on Wednesday, June 11th. They issued a "buy" rating and a $110.00 price objective on the stock. The Goldman Sachs Group lifted their price objective on Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Loop Capital reaffirmed a "buy" rating and issued a $105.00 price objective (up previously from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Thirteen analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $95.97.

Insider Activity

In related news, insider Jill Hazelbaker sold 34,884 shares of the business'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 completion of the transaction, the insider owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business'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 directly owned 21,975 shares of the company's stock, valued at $2,087,625. The trade was a 11.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,384 shares of company stock valued at $3,496,071 in the last three months. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Price Performance

Shares of Uber Technologies stock traded down $0.25 on Thursday, hitting $96.39. The company's stock had a trading volume of 15,642,616 shares, compared to its average volume of 21,263,902. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $97.72. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The firm has a fifty day moving average price of $88.25 and a 200-day moving average price of $77.30. The company has a market capitalization of $201.57 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 1.23 and a beta of 1.40.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The firm had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the previous year, the company posted ($0.32) EPS. The firm's revenue for the quarter was up 13.8% on a year-over-year basis. On average, equities research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal 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.