Integrity Wealth Solutions LLC Has $518,000 Holdings in Uber Technologies, Inc. (NYSE:UBER)

Integrity Wealth Solutions LLC reduced its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 38.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,726 shares of the ride-sharing company’s stock after selling 4,231 shares during the quarter. Integrity Wealth Solutions LLC’s holdings in Uber Technologies were worth $518,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of UBER. Vanguard Group Inc. lifted its holdings in shares of Uber Technologies by 34.8% during the fourth quarter. Vanguard Group Inc. now owns 167,629,367 shares of the ride-sharing company’s stock worth $10,320,940,000 after buying an additional 43,275,830 shares in the last quarter. Norges Bank bought a new position in Uber Technologies during the fourth quarter worth about $1,415,778,000. Edgewood Management LLC acquired a new stake in Uber Technologies in the 4th quarter worth about $783,401,000. Capital Research Global Investors boosted its holdings in Uber Technologies by 28.4% in the 4th quarter. Capital Research Global Investors now owns 36,928,116 shares of the ride-sharing company’s stock valued at $2,273,669,000 after purchasing an additional 8,164,816 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Uber Technologies by 41.0% during the fourth quarter. Northern Trust Corp now owns 17,419,446 shares of the ride-sharing company’s stock worth $1,072,515,000 after purchasing an additional 5,063,412 shares during the period. 80.24% of the stock is owned by institutional investors.

Uber Technologies Stock Performance

Shares of UBER stock opened at $70.55 on Wednesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.21 and a current ratio of 1.21. Uber Technologies, Inc. has a fifty-two week low of $40.09 and a fifty-two week high of $82.14. The company has a market capitalization of $147.42 billion, a P/E ratio of 113.98, a PEG ratio of 1.59 and a beta of 1.36. The stock has a 50 day moving average price of $67.94 and a two-hundred day moving average price of $69.95.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). The firm had revenue of $10.13 billion during the quarter, compared to analysts’ expectations of $10.09 billion. Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. Uber Technologies’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.08) EPS. Analysts expect that Uber Technologies, Inc. will post 0.85 earnings per share for the current year.

Insider Buying and Selling

In other Uber Technologies 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 value of $32,965,000.00. Following the completion of the sale, the chief executive officer now owns 1,656,996 shares of the company’s stock, valued at approximately $109,245,746.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Uber Technologies news, insider Tony West sold 89,234 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $68.18, for a total transaction of $6,083,974.12. Following the completion of the sale, the insider now owns 124,945 shares of the company’s stock, valued at $8,518,750.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of the company’s 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 owns 1,656,996 shares of the company’s stock, valued at approximately $109,245,746.28. The disclosure for this sale can be found here. Insiders have sold a total of 635,984 shares of company stock valued at $42,258,297 over the last ninety days. Company insiders own 3.80% of the company’s stock.

Wall Street Analyst Weigh In

UBER has been the topic of a number of recent research reports. Oppenheimer restated an “outperform” rating and set a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, June 5th. Citigroup upped their price objective on shares of Uber Technologies from $93.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a report on Wednesday, May 8th. Royal Bank of Canada restated an “outperform” rating and set a $80.00 target price on shares of Uber Technologies in a research note on Tuesday, May 28th. Finally, DA Davidson restated a “buy” rating and set a $81.00 price objective on shares of Uber Technologies in a research report on Wednesday, May 8th. Two equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $84.41.

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.