Wealth Advisory Solutions LLC Invests $3.40 Million in Uber Technologies, Inc. (NYSE:UBER)

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

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Research Global Investors boosted its holdings in Uber Technologies by 79.0% during the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock valued at $7,125,728,000 after acquiring an additional 52,125,476 shares during the period. Norges Bank bought a new stake in shares of Uber Technologies during the fourth quarter worth $1,467,754,000. Boston Partners purchased a new stake in shares of Uber Technologies during the fourth quarter valued at $381,057,000. Toyota Motor Corp bought a new position in shares of Uber Technologies in the fourth quarter worth about $309,192,000. Finally, Jericho Capital Asset Management L.P. purchased a new position in Uber Technologies in the 4th quarter worth about $298,644,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insiders Place Their Bets

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the sale, the chief financial officer owned 21,975 shares in the company, valued at $2,087,625. This trade represents a 11.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the sale, the insider directly owned 102,135 shares of the company's stock, valued at $8,786,674.05. This represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,384 shares of company stock valued at $3,496,071 over the last 90 days. 3.84% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have issued reports on UBER. Needham & Company LLC reissued a "buy" rating and issued a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, May 7th. Citigroup increased their price objective on Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Cantor Fitzgerald restated an "overweight" rating and set a $106.00 price objective (up from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. Loop Capital reiterated a "buy" rating and issued a $105.00 target price (up from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Finally, Wells Fargo & Company increased their price target on Uber Technologies from $100.00 to $120.00 and gave the stock an "overweight" rating in a research report on Monday. Thirteen analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $96.12.

Uber Technologies Price Performance

Shares of Uber Technologies stock traded down $1.04 on Friday, hitting $95.36. The company's stock had a trading volume of 12,442,436 shares, compared to its average volume of 21,228,689. The company has a market capitalization of $199.41 billion, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of 1.23 and a beta of 1.40. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $97.72. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a fifty day moving average price of $88.25 and a 200-day moving average price of $77.30.

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, beating analysts' consensus estimates of $0.50 by $0.33. The business had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The business's revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.32) earnings per share. As a group, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

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.