Wealthcare Advisory Partners LLC Has $2.71 Million Position in Uber Technologies, Inc. $UBER

Wealthcare Advisory Partners LLC increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,027 shares of the ride-sharing company’s stock after acquiring an additional 821 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Uber Technologies were worth $2,708,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UBER. Kozak & Associates Inc. increased its position in Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock valued at $27,000 after buying an additional 223 shares in the last quarter. Noble Wealth Management PBC bought a new position in Uber Technologies in the first quarter worth approximately $27,000. Vision Financial Markets LLC acquired a new stake in Uber Technologies in the first quarter valued at approximately $27,000. West Oak Capital LLC bought a new stake in shares of Uber Technologies during the second quarter valued at approximately $28,000. Finally, GPS Wealth Strategies Group LLC raised its position in shares of Uber Technologies by 305.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 299 shares during the period. 80.24% of the stock is owned by institutional investors.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $100.02 on Tuesday. The company has a market capitalization of $208.58 billion, a PE ratio of 17.04 and a beta of 1.48. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The stock’s 50 day moving average price is $94.12 and its 200-day moving average price is $87.40. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The business had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. During the same period last year, the company posted $0.47 earnings per share. Uber Technologies’s quarterly revenue was up 18.2% compared to the same quarter last year. On average, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity at Uber Technologies

In other news, SVP Nikki Krishnamurthy sold 11,571 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the completion of the transaction, the senior vice president directly owned 416,222 shares of the company’s stock, valued at $38,184,206.28. This represents a 2.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Hazelbaker sold 31,250 shares of Uber Technologies stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the completion of the sale, the insider directly owned 86,531 shares in the company, valued at $8,343,319.02. This trade represents a 26.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 601,821 shares of company stock valued at $58,659,491 in the last 90 days. 3.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on UBER shares. Stifel Nicolaus lifted their price target on shares of Uber Technologies from $110.00 to $117.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Barclays reiterated an “overweight” rating and set a $110.00 price objective (up from $97.00) on shares of Uber Technologies in a report on Thursday, August 7th. Cowen restated a “buy” rating on shares of Uber Technologies in a report on Thursday, August 7th. Piper Sandler boosted their price objective on Uber Technologies from $95.00 to $103.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Finally, Mizuho initiated coverage on Uber Technologies in a research note on Monday, September 29th. They issued an “outperform” rating and a $130.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $104.03.

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.