31,249 Shares in Uber Technologies, Inc. (NYSE:UBER) Acquired by WBI Investments LLC

WBI Investments LLC bought a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 31,249 shares of the ride-sharing company's stock, valued at approximately $1,924,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Uber Technologies by 18.7% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 13,321 shares of the ride-sharing company's stock worth $820,000 after acquiring an additional 2,101 shares in the last quarter. Frazier Financial Advisors LLC purchased a new stake in Uber Technologies in the 4th quarter worth approximately $111,000. Dai ichi Life Insurance Company Ltd increased its holdings in Uber Technologies by 0.4% in the 4th quarter. Dai ichi Life Insurance Company Ltd now owns 111,292 shares of the ride-sharing company's stock worth $6,852,000 after acquiring an additional 393 shares in the last quarter. Western Pacific Wealth Management LP increased its holdings in Uber Technologies by 28.8% in the 4th quarter. Western Pacific Wealth Management LP now owns 3,185 shares of the ride-sharing company's stock worth $196,000 after acquiring an additional 713 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in Uber Technologies by 47.2% in the 4th quarter. Assetmark Inc. now owns 225,094 shares of the ride-sharing company's stock worth $13,859,000 after acquiring an additional 72,178 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Trading Up 2.4 %

Shares of NYSE:UBER traded up $1.51 on Wednesday, hitting $65.48. 22,485,404 shares of the company's stock were exchanged, compared to its average volume of 20,418,586. Uber Technologies, Inc. has a 12 month low of $37.07 and a 12 month high of $82.14. The stock has a market capitalization of $136.82 billion, a price-to-earnings ratio of 104.95, a price-to-earnings-growth ratio of 1.36 and a beta of 1.39. The business's 50 day simple moving average is $72.40 and its two-hundred day simple moving average is $67.41. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.21.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.53). Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The business had revenue of $10.13 billion for the quarter, compared to the consensus estimate of $10.09 billion. During the same quarter last year, the business posted ($0.08) earnings per share. The firm's revenue for the quarter was up 14.8% compared to the same quarter last year. Analysts anticipate that Uber Technologies, Inc. will post 0.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on UBER. Bank of America cut their price objective on shares of Uber Technologies from $91.00 to $87.00 and set a "buy" rating for the company in a report on Thursday, May 9th. Gordon Haskett lowered shares of Uber Technologies from a "buy" rating to a "hold" rating and set a $66.00 price objective for the company. in a report on Wednesday, January 24th. Tigress Financial increased their price objective on shares of Uber Technologies from $72.00 to $96.00 and gave the company a "buy" rating in a report on Friday, April 19th. Oppenheimer reaffirmed an "outperform" rating and set a $90.00 price objective on shares of Uber Technologies in a report on Monday, April 29th. Finally, Truist Financial increased their price objective on shares of Uber Technologies from $90.00 to $94.00 and gave the company a "buy" rating in a report on Wednesday, March 27th. Two investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $84.38.

Insider Transactions at Uber Technologies

In other news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction on Friday, May 17th. The stock was sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,656,996 shares in the company, valued at $109,245,746.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $65.93, for a total value of $32,965,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,656,996 shares in the company, valued at $109,245,746.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $65.63, for a total value of $1,230,562.50. Following the completion of the sale, the insider now owns 206,338 shares of the company's stock, valued at $13,541,962.94. The disclosure for this sale can be found here. Corporate insiders own 3.80% of the company's stock.

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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