Wealthspire Advisors LLC Grows Stake in Uber Technologies, Inc. (NYSE:UBER)

Wealthspire Advisors LLC boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 15.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,946 shares of the ride-sharing company's stock after buying an additional 3,915 shares during the quarter. Wealthspire Advisors LLC's holdings in Uber Technologies were worth $2,182,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Brighton Jones LLC lifted its holdings in Uber Technologies by 3.4% during the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after purchasing an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC raised its position in shares of Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after purchasing an additional 6,129 shares during the period. Bank Pictet & Cie Europe AG purchased a new stake in shares of Uber Technologies during the 4th quarter valued at approximately $395,000. Peapack Gladstone Financial Corp boosted its holdings in Uber Technologies by 4.6% in the 4th quarter. Peapack Gladstone Financial Corp now owns 6,866 shares of the ride-sharing company's stock worth $414,000 after buying an additional 304 shares during the period. Finally, FIL Ltd boosted its holdings in Uber Technologies by 46.7% in the 4th quarter. FIL Ltd now owns 535,591 shares of the ride-sharing company's stock worth $32,307,000 after buying an additional 170,507 shares during the period. Hedge funds and other institutional investors own 80.24% of the company's stock.

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of analyst reports. Roth Capital raised their price target on Uber Technologies from $93.00 to $110.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Citigroup increased their price objective on Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Wells Fargo & Company cut their target price on Uber Technologies from $120.00 to $119.00 and set an "overweight" rating for the company in a research note on Thursday. Morgan Stanley reiterated an "overweight" rating and set a $115.00 price target (up from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. Finally, Sanford C. Bernstein increased their price target on shares of Uber Technologies from $95.00 to $110.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Ten research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $102.82.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction dated 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 transaction, the insider owned 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the chief financial officer directly owned 21,975 shares in the company, valued at approximately $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company's stock.

Uber Technologies Stock Performance

UBER traded down $3.03 during trading on Friday, hitting $89.64. The company's stock had a trading volume of 26,183,828 shares, compared to its average volume of 22,403,814. The business's 50 day simple moving average is $89.44 and its 200-day simple moving average is $81.06. The firm has a market cap of $187.45 billion, a PE ratio of 15.27, a P/E/G ratio of 1.03 and a beta of 1.43. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $97.71. The company has a quick ratio of 1.02, a current ratio of 1.11 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%. The firm had revenue of $12.65 billion during the quarter, compared to analyst estimates of $12.45 billion. During the same period in the prior year, the business posted $0.47 EPS. Uber Technologies's revenue was up 18.2% on a year-over-year basis. As a group, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS 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.