Ashton Thomas Securities LLC Makes New $599,000 Investment in Uber Technologies, Inc. $UBER

Ashton Thomas Securities LLC acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,176 shares of the ride-sharing company’s stock, valued at approximately $599,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC acquired a new position in shares of Uber Technologies during the 4th quarter worth about $27,000. Kozak & Associates Inc. grew its position in shares of Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock worth $27,000 after buying an additional 223 shares during the period. Noble Wealth Management PBC acquired a new position in shares of Uber Technologies during the 1st quarter worth about $27,000. Vision Financial Markets LLC acquired a new position in shares of Uber Technologies during the 1st quarter worth about $27,000. Finally, GPS Wealth Strategies Group LLC grew its position in shares of Uber Technologies by 305.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 299 shares during the period. 80.24% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’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 sale, the chief financial officer owned 21,975 shares in the company, valued at $2,087,625. This represents a 11.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Tony West sold 3,125 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $95.00, for a total value of $296,875.00. Following the completion of the sale, the insider owned 170,269 shares in the company, valued at approximately $16,175,555. This trade represents a 1.80% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,696 shares of company stock worth $4,632,774. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Trading Down 2.3%

NYSE UBER opened at $93.80 on Monday. The stock has a market capitalization of $195.61 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 1.08 and a beta of 1.43. The stock’s 50 day moving average price is $92.21 and its two-hundred day moving average price is $83.63. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $97.71.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (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 company had revenue of $12.65 billion for the quarter, compared to analysts’ expectations of $12.45 billion. During the same quarter in the prior year, the business posted $0.47 EPS. The business’s revenue was up 18.2% compared to the same quarter last year. As a group, analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on UBER shares. Susquehanna boosted their target price on Uber Technologies from $100.00 to $105.00 and gave the stock a “positive” rating in a research report on Thursday, August 7th. Roth Capital boosted their price objective on Uber Technologies from $93.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Wall Street Zen lowered Uber Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Bank of America boosted their price objective on Uber Technologies from $97.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. 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 research report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $102.82.

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.