Ashton Thomas Private Wealth LLC Acquires 1,171 Shares of Uber Technologies, Inc. (NYSE:UBER)

Ashton Thomas Private Wealth LLC grew its holdings in Uber Technologies, Inc. (NYSE:UBER) by 2.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,138 shares of the ride-sharing company’s stock after buying an additional 1,171 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Uber Technologies were worth $3,552,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Natixis Advisors L.P. boosted its stake in Uber Technologies by 31.8% during the third quarter. Natixis Advisors L.P. now owns 21,206 shares of the ride-sharing company’s stock worth $975,000 after buying an additional 5,120 shares during the period. Glenmede Trust Co. NA purchased a new position in shares of Uber Technologies during the 3rd quarter worth about $1,870,000. Advisors Asset Management Inc. grew its holdings in Uber Technologies by 22.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 70,364 shares of the ride-sharing company’s stock valued at $3,236,000 after purchasing an additional 12,817 shares during the last quarter. Axxcess Wealth Management LLC grew its holdings in Uber Technologies by 45.1% during the 3rd quarter. Axxcess Wealth Management LLC now owns 16,475 shares of the ride-sharing company’s stock valued at $758,000 after purchasing an additional 5,118 shares during the last quarter. Finally, Alps Advisors Inc. raised its position in Uber Technologies by 560.2% in the 3rd quarter. Alps Advisors Inc. now owns 46,195 shares of the ride-sharing company’s stock worth $2,125,000 after purchasing an additional 39,198 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the company. Citigroup upped their price objective on Uber Technologies from $93.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. Wedbush reiterated an “outperform” rating and set a $85.00 price objective on shares of Uber Technologies in a report on Wednesday, May 8th. Wells Fargo & Company upped their target price on shares of Uber Technologies from $89.00 to $91.00 and gave the stock an “overweight” rating in a research note on Friday, June 28th. Tigress Financial lifted their price target on shares of Uber Technologies from $72.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Finally, Roth Mkm reiterated a “buy” rating and issued a $89.00 price target (down previously from $91.00) on shares of Uber Technologies in a report on Friday, May 10th. Two research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $84.41.

Uber Technologies Price Performance

Shares of NYSE UBER traded down $0.34 during trading on Friday, hitting $70.96. The company had a trading volume of 1,945,718 shares, compared to its average volume of 19,150,205. The firm has a market capitalization of $148.27 billion, a price-to-earnings ratio of 114.31, a price-to-earnings-growth ratio of 1.56 and a beta of 1.36. The stock has a fifty day simple moving average of $68.02 and a two-hundred day simple moving average of $69.97. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. Uber Technologies, Inc. has a fifty-two week low of $40.09 and a fifty-two week high of $82.14.

Uber Technologies (NYSE:UBER) 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 net margin of 3.60% and a return on equity of 12.81%. The firm had revenue of $10.13 billion during the quarter, compared to analysts’ expectations of $10.09 billion. During the same quarter last year, the business earned ($0.08) EPS. The business’s revenue was up 14.8% compared to the same quarter last year. On average, research analysts expect that Uber Technologies, Inc. will post 0.85 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Tony West sold 28,000 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the transaction, the insider now owns 96,945 shares of the company’s stock, valued at approximately $6,851,103.15. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Uber Technologies news, insider Tony West sold 28,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $70.67, for a total value of $1,978,760.00. Following the completion of the transaction, the insider now owns 96,945 shares of the company’s stock, valued at approximately $6,851,103.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dara Khosrowshahi sold 500,000 shares of the company’s 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 sale, the chief executive officer now directly owns 1,656,996 shares in the company, valued at approximately $109,245,746.28. The disclosure for this sale can be found here. Insiders have sold 635,984 shares of company stock worth $42,258,297 over the last ninety days. Corporate insiders own 3.80% of the company’s stock.

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.