EP Wealth Advisors LLC Grows Position in Uber Technologies, Inc. (NYSE:UBER)

EP Wealth Advisors LLC raised its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 60.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 32,621 shares of the ride-sharing company’s stock after purchasing an additional 12,267 shares during the quarter. EP Wealth Advisors LLC’s holdings in Uber Technologies were worth $2,511,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Financial Management Professionals Inc. grew its holdings in Uber Technologies by 111.6% during the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 202 shares in the last quarter. CVA Family Office LLC purchased a new position in Uber Technologies during the 4th quarter valued at approximately $30,000. Highlander Capital Management LLC grew its holdings in Uber Technologies by 100.0% during the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after buying an additional 250 shares in the last quarter. Bfsg LLC purchased a new position in Uber Technologies during the 4th quarter valued at approximately $31,000. Finally, Blue Bell Private Wealth Management LLC lifted its stake in shares of Uber Technologies by 49.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock valued at $32,000 after purchasing an additional 174 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on UBER. Roth Mkm reaffirmed a “buy” rating and issued a $89.00 price objective (down from $91.00) on shares of Uber Technologies in a research note on Friday, May 10th. JMP Securities reaffirmed a “market outperform” rating and issued a $80.00 price objective on shares of Uber Technologies in a research note on Thursday, May 16th. Wells Fargo & Company raised their price objective on Uber Technologies from $89.00 to $91.00 and gave the company an “overweight” rating in a research note on Friday, June 28th. Melius began coverage on Uber Technologies in a research note on Monday. They issued a “hold” rating and a $77.00 price objective for the company. Finally, Morgan Stanley raised their price objective on Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. According to data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $85.97.

Uber Technologies Stock Down 2.0 %

Shares of NYSE:UBER traded down $1.34 on Friday, reaching $64.40. The company had a trading volume of 17,365,492 shares, compared to its average volume of 18,878,830. Uber Technologies, Inc. has a 52-week low of $40.09 and a 52-week high of $82.14. The firm’s 50 day simple moving average is $68.60 and its 200-day simple moving average is $70.89. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $134.57 billion, a PE ratio of 104.55, a PEG ratio of 1.44 and a beta of 1.36.

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

Insider Buying and Selling

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

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.