Wealth Enhancement Advisory Services LLC Increases Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 44.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 217,196 shares of the ride-sharing company's stock after buying an additional 66,783 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Uber Technologies were worth $15,825,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of UBER. Clark Capital Management Group Inc. increased its holdings in Uber Technologies by 11,354.8% during the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock worth $24,280,000 after purchasing an additional 399,008 shares during the last quarter. UMB Bank n.a. increased its holdings in Uber Technologies by 33.6% during the 1st quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock worth $890,000 after purchasing an additional 3,073 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after purchasing an additional 6,129 shares during the last quarter. Mufg Securities Americas Inc. purchased a new stake in Uber Technologies during the 4th quarter worth approximately $1,875,000. Finally, APG Asset Management N.V. purchased a new stake in Uber Technologies during the 4th quarter worth approximately $84,687,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Cantor Fitzgerald restated an "overweight" rating and set a $80.00 price objective on shares of Uber Technologies in a report on Wednesday, April 16th. Wells Fargo & Company lifted their target price on Uber Technologies from $90.00 to $100.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Stifel Nicolaus assumed coverage on Uber Technologies in a research report on Wednesday, June 11th. They issued a "buy" rating and a $110.00 target price for the company. KGI Securities reiterated a "neutral" rating and issued a $78.00 target price on shares of Uber Technologies in a research report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. lifted their target price on Uber Technologies from $92.00 to $105.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 20th. Eleven analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $94.39.

Insider Transactions at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the sale, the chief financial officer now directly owns 21,063 shares of the company's stock, valued at $1,790,355. The trade was a 11.55% 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, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the sale, the insider now directly owns 102,135 shares in the company, valued at $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

Uber Technologies Trading Up 0.3%

Shares of Uber Technologies stock opened at $83.73 on Monday. 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 market cap of $175.09 billion, a price-to-earnings ratio of 14.66, a price-to-earnings-growth ratio of 1.07 and a beta of 1.38. The business has a fifty day simple moving average of $83.53 and a 200-day simple moving average of $74.47. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $93.60.

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 (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 analyst estimates of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. Uber Technologies's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.32) earnings per share. On average, equities analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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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