Wealthcare Advisory Partners LLC Increases Holdings in Uber Technologies, Inc. (NYSE:UBER)

Wealthcare Advisory Partners LLC lifted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 31.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,206 shares of the ride-sharing company’s stock after acquiring an additional 6,684 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Uber Technologies were worth $2,055,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Allworth Financial LP raised its stake in shares of Uber Technologies by 8.9% in the fourth quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock valued at $1,229,000 after acquiring an additional 1,663 shares during the period. Clark Capital Management Group Inc. grew its holdings in Uber Technologies by 11,354.8% during the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company’s stock valued at $24,280,000 after purchasing an additional 399,008 shares during the last quarter. UMB Bank n.a. raised its position in Uber Technologies by 33.6% in the 1st quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company’s stock worth $890,000 after purchasing an additional 3,073 shares during the period. MFG Wealth Management Inc. bought a new stake in Uber Technologies in the fourth quarter worth about $1,997,000. Finally, TigerOak Management L.L.C. purchased a new position in shares of Uber Technologies during the fourth quarter valued at approximately $1,278,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on UBER. Barclays increased their price target on Uber Technologies from $86.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. JMP Securities reaffirmed a “market perform” rating on shares of Uber Technologies in a research report on Thursday, May 15th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, May 7th. Raymond James lifted their target price on Uber Technologies from $95.00 to $100.00 and gave the stock a “strong-buy” rating in a research report on Thursday, May 8th. Finally, Wall Street Zen cut shares of Uber Technologies from a “buy” rating to a “hold” rating in a report on Saturday, June 7th. Twelve analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $94.39.

Uber Technologies Trading Up 0.2%

NYSE:UBER opened at $86.53 on Thursday. The stock has a market capitalization of $180.94 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 0.89 and a beta of 1.38. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $93.60. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average of $81.40 and a 200 day moving average of $73.80.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.33. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The firm had revenue of $11.53 billion during the quarter, compared to analysts’ expectations of $11.61 billion. During the same quarter last year, the firm earned ($0.32) EPS. The business’s quarterly revenue was up 13.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the transaction, the insider now directly owns 102,135 shares of the company’s stock, valued at $8,786,674.05. This trade represents a 25.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the sale, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. This represents a 11.04% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 60,384 shares of company stock valued at $4,872,471. 3.84% of the stock is currently owned by corporate insiders.

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.