Wealth Preservation Advisors LLC Takes Position in Uber Technologies, Inc. $UBER

Key Points

• Wealth Preservation Advisors LLC has acquired a new stake in Uber Technologies, purchasing 123,393 shares valued at approximately $8.99 million, making Uber about 6.4% of its portfolio.
• Uber reported a quarterly revenue of $12.65 billion, surpassing analysts' estimates, with an EPS of $0.63 which exceeded expectations by $0.02.
• Insider trading activity includes CFO Prashanth Mahendra-Rajah selling 2,750 shares at an average price of $95.00, reflecting a 11.12% decrease in his holdings.

Wealth Preservation Advisors LLC purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 123,393 shares of the ride-sharing company's stock, valued at approximately $8,990,000. Uber Technologies comprises approximately 6.4% of Wealth Preservation Advisors LLC's portfolio, making the stock its 5th biggest position.

Other large investors have also recently modified their holdings of the company. Fourth Dimension Wealth LLC bought a new stake in shares of Uber Technologies during the 4th quarter valued at about $27,000. Kozak & Associates Inc. raised its holdings in shares of Uber Technologies by 155.9% during 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 in the last quarter. Noble Wealth Management PBC purchased a new position in shares of Uber Technologies during the 1st quarter valued at about $27,000. Vision Financial Markets LLC purchased a new position in shares of Uber Technologies during the 1st quarter valued at about $27,000. Finally, GPS Wealth Strategies Group LLC raised its holdings 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 valued at $29,000 after buying an additional 299 shares in the last quarter. Institutional investors own 80.24% of the company's stock.

Uber Technologies Price Performance

Shares of UBER stock opened at $96.71 on Wednesday. The firm has a market cap of $201.69 billion, a P/E ratio of 16.48, a P/E/G ratio of 1.09 and a beta of 1.43. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $97.71. The business's 50 day moving average price is $91.52 and its 200-day moving average price is $83.26. 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 for the quarter, topping analysts' consensus estimates of $0.61 by $0.02. The firm had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The business's quarterly revenue was up 18.2% compared to the same quarter last year. During the same period last year, the company earned $0.47 EPS. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Transactions at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the sale, the chief financial officer directly owned 21,975 shares in the company, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 31,250 shares of Uber Technologies stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the sale, the insider owned 86,531 shares in the company, valued at $8,343,319.02. This represents a 26.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,571 shares of company stock worth $4,335,899. 3.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on UBER. Tigress Financial set a $110.00 price objective on Uber Technologies and gave the company a "buy" rating in a report on Friday, May 23rd. Wall Street Zen cut Uber Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. The Goldman Sachs Group raised 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. Cantor Fitzgerald reissued 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. Finally, Sanford C. Bernstein raised their price objective on Uber Technologies from $95.00 to $110.00 and gave the company an "outperform" rating in a report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $102.82.

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.

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