Dynamic Advisor Solutions LLC Has $1.02 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Dynamic Advisor Solutions LLC boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 6.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,089 shares of the ride-sharing company’s stock after purchasing an additional 857 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Uber Technologies were worth $1,024,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. International Assets Investment Management LLC increased its holdings in Uber Technologies by 23.4% in the fourth quarter. International Assets Investment Management LLC now owns 11,739 shares of the ride-sharing company’s stock worth $723,000 after purchasing an additional 2,225 shares in the last quarter. Cerity Partners LLC grew its position in shares of Uber Technologies by 61.9% during the 4th quarter. Cerity Partners LLC now owns 188,435 shares of the ride-sharing company’s stock worth $11,601,000 after buying an additional 72,075 shares during the period. Tennessee Valley Asset Management Partners bought a new stake in shares of Uber Technologies in the 4th quarter valued at $48,000. Graypoint LLC lifted its position in shares of Uber Technologies by 22.4% during the 4th quarter. Graypoint LLC now owns 5,884 shares of the ride-sharing company’s stock valued at $362,000 after acquiring an additional 1,078 shares during the period. Finally, Crestwood Advisors Group LLC acquired a new position in shares of Uber Technologies during the fourth quarter valued at about $328,000. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

UBER stock traded up $0.85 during midday trading on Tuesday, reaching $70.11. 2,322,140 shares of the company’s stock traded hands, compared to its average volume of 19,113,076. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. Uber Technologies, Inc. has a 52-week low of $40.09 and a 52-week high of $82.14. The stock has a market cap of $147.30 billion, a P/E ratio of 111.71, a PEG ratio of 1.45 and a beta of 1.36. The stock’s 50-day moving average is $68.58 and its 200 day moving average is $71.07.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The business had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. During the same quarter in the previous year, the company posted $0.18 earnings per share. Uber Technologies’s revenue for the quarter was up 15.9% on a year-over-year basis. As a group, analysts anticipate that Uber Technologies, Inc. will post 0.89 EPS for the current year.

Analyst Ratings Changes

UBER has been the topic of several recent research reports. Bank of America cut their price target on Uber Technologies from $91.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Roth Mkm boosted their price target on shares of Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Wedbush restated an “outperform” rating and issued a $85.00 target price on shares of Uber Technologies in a report on Wednesday, May 8th. Truist Financial lifted their price target on Uber Technologies from $86.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Finally, TD Cowen lifted their price objective on shares of Uber Technologies from $88.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Four analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.47.

Insider Activity

In related news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 1,656,996 shares of the company’s stock, valued at approximately $109,245,746.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Tony West sold 89,234 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $68.18, for a total value of $6,083,974.12. Following the completion of the sale, the insider now directly owns 124,945 shares of the company’s stock, valued at approximately $8,518,750.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were 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 of the company’s stock, valued at $109,245,746.28. The disclosure for this sale can be found here. Insiders have sold 1,117,234 shares of company stock worth $76,982,734 over the last ninety days. Corporate insiders own 3.84% 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.