Wealthcare Advisory Partners LLC Buys 6,684 Shares of Uber Technologies, Inc. (NYSE:UBER)

Wealthcare Advisory Partners LLC boosted its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 31.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 28,206 shares of the ride-sharing company's stock after purchasing an additional 6,684 shares during the period. Wealthcare Advisory Partners LLC's holdings in Uber Technologies were worth $2,055,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Fourpath Capital Management LLC grew its stake in Uber Technologies by 55.5% in the 1st quarter. Fourpath Capital Management LLC now owns 41,524 shares of the ride-sharing company's stock valued at $3,025,000 after buying an additional 14,823 shares during the last quarter. Requisite Capital Management LLC bought a new stake in shares of Uber Technologies during the first quarter worth approximately $1,026,000. Regatta Capital Group LLC grew its position in shares of Uber Technologies by 15.4% in the first quarter. Regatta Capital Group LLC now owns 6,041 shares of the ride-sharing company's stock valued at $440,000 after purchasing an additional 805 shares during the last quarter. Tounjian Advisory Partners LLC bought a new stake in Uber Technologies in the 1st quarter valued at $1,087,000. Finally, Pallas Capital Advisors LLC boosted its stake in Uber Technologies by 471.5% in the 1st quarter. Pallas Capital Advisors LLC now owns 85,835 shares of the ride-sharing company's stock valued at $6,254,000 after purchasing an additional 70,817 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction on Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the transaction, the insider now owns 102,135 shares of the company's stock, valued at $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the completion of the transaction, the senior vice president now owns 361,908 shares in the company, valued at approximately $25,901,755.56. The trade was a 5.24% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 60,384 shares of company stock worth $4,872,471. 3.84% of the stock is currently owned by insiders.

Uber Technologies Trading Down 1.1%

Shares of Uber Technologies stock traded down $0.93 during trading on Thursday, hitting $85.65. The company's stock had a trading volume of 18,754,056 shares, compared to its average volume of 20,757,930. The stock has a market cap of $179.11 billion, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $93.60. The stock has a 50-day moving average price of $81.40 and a two-hundred day moving average price of $73.80. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results 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. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The firm had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the previous year, the company posted ($0.32) EPS. The business's revenue was up 13.8% on a year-over-year basis. Equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. KeyCorp lifted their target price on Uber Technologies from $80.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $82.00 price target on shares of Uber Technologies in a research report on Monday, May 5th. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. Truist Financial increased their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. Finally, Bank of America raised their target price on shares of Uber Technologies from $96.00 to $97.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Twelve analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $94.39.

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.