Westwood Wealth Management Boosts Stock Position in Uber Technologies, Inc. $UBER

Westwood Wealth Management raised its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 3.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 42,925 shares of the ride-sharing company’s stock after purchasing an additional 1,350 shares during the quarter. Uber Technologies accounts for 1.3% of Westwood Wealth Management’s portfolio, making the stock its 15th largest position. Westwood Wealth Management’s holdings in Uber Technologies were worth $3,128,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Noble Wealth Management PBC purchased a new stake in Uber Technologies during the 1st quarter valued at about $27,000. Kozak & Associates Inc. lifted its holdings in shares of 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 during the period. Vision Financial Markets LLC acquired a new position in shares of Uber Technologies in the 1st quarter valued at about $27,000. GPS Wealth Strategies Group LLC lifted its holdings in shares of Uber Technologies by 305.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 299 shares during the period. Finally, Perkins Coie Trust Co lifted its holdings in shares of Uber Technologies by 306.0% in the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company’s stock valued at $30,000 after buying an additional 306 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the sale, the chief financial officer directly owned 21,975 shares in the company, valued at approximately $2,087,625. The trade was a 11.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $91.74, for a total value of $1,061,523.54. Following the sale, the senior vice president owned 416,222 shares of the company’s stock, valued at approximately $38,184,206.28. This trade represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by insiders.

Uber Technologies Price Performance

NYSE:UBER opened at $96.7020 on Friday. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $97.71. The stock has a 50 day moving average of $91.08 and a two-hundred day moving average of $82.81. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The firm has a market cap of $201.66 billion, a P/E ratio of 16.47, a price-to-earnings-growth ratio of 1.08 and a beta of 1.43.

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on UBER. Sanford C. Bernstein boosted their price objective on Uber Technologies from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, July 21st. DA Davidson boosted their price objective on Uber Technologies from $80.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Loop Capital reissued a “buy” rating and issued a $105.00 price objective (up previously from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Wells Fargo & Company decreased their price objective on Uber Technologies from $120.00 to $119.00 and set an “overweight” rating for the company in a report on Thursday, August 7th. Finally, JPMorgan Chase & Co. boosted their price objective on Uber Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $102.82.

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.