Axxcess Wealth Management LLC Grows Position in Uber Technologies, Inc. (NYSE:UBER)

Axxcess Wealth Management LLC raised its holdings in Uber Technologies, Inc. (NYSE:UBER) by 167.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,278 shares of the ride-sharing company’s stock after acquiring an additional 7,683 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Uber Technologies were worth $945,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Highlander Capital Management LLC increased its holdings in shares of Uber Technologies by 100.0% during the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after buying an additional 250 shares during the last quarter. PFG Investments LLC lifted its holdings in shares of Uber Technologies by 374.6% during the 1st quarter. PFG Investments LLC now owns 63,450 shares of the ride-sharing company’s stock valued at $4,885,000 after acquiring an additional 50,080 shares in the last quarter. Financial Enhancement Group LLC purchased a new stake in Uber Technologies during the 4th quarter worth $1,112,000. Fifth Third Bancorp raised its position in Uber Technologies by 54.3% in the fourth quarter. Fifth Third Bancorp now owns 68,894 shares of the ride-sharing company’s stock valued at $4,242,000 after purchasing an additional 24,247 shares during the period. Finally, US Bancorp DE lifted its stake in shares of Uber Technologies by 2.5% during the fourth quarter. US Bancorp DE now owns 995,783 shares of the ride-sharing company’s stock worth $61,310,000 after purchasing an additional 24,059 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on UBER shares. Jefferies Financial Group reduced their price target on Uber Technologies from $103.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Oppenheimer reissued an “outperform” rating and issued a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, June 5th. Roth Mkm reiterated a “buy” rating and set a $89.00 price objective (down from $91.00) on shares of Uber Technologies in a research report on Friday, May 10th. Melius Research started coverage on Uber Technologies in a research report on Monday. They issued a “hold” rating and a $77.00 target price for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $80.00 price target on shares of Uber Technologies in a research report on Tuesday, May 28th. Four investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $85.97.

Uber Technologies Stock Down 2.0 %

UBER traded down $1.34 during midday trading on Friday, hitting $64.40. The company had a trading volume of 17,371,850 shares, compared to its average volume of 18,878,898. 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 52 week low of $40.09 and a 52 week high of $82.14. The stock’s 50 day moving average price is $68.60 and its 200 day moving average price is $70.89. The company has a market capitalization of $134.57 billion, a price-to-earnings ratio of 104.55, a PEG ratio of 1.44 and a beta of 1.36.

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

Insider Transactions at Uber Technologies

In other news, insider Tony West sold 18,750 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $65.63, for a total value of $1,230,562.50. Following the completion of the transaction, the insider now owns 206,338 shares of the company’s stock, valued at approximately $13,541,962.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,266,114 shares in the company, valued at $91,046,257.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tony West sold 18,750 shares of the business’s stock in a transaction that occurred on 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 transaction, 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. Over the last 90 days, insiders have sold 1,135,984 shares of company stock worth $78,213,297. Insiders own 3.84% of the company’s stock.

Uber Technologies Company 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.