Wealth Advisory Solutions LLC Has $4.45 Million Stake in Uber Technologies, Inc. $UBER

Wealth Advisory Solutions LLC lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,710 shares of the ride-sharing company’s stock after acquiring an additional 1,008 shares during the quarter. Uber Technologies makes up approximately 1.1% of Wealth Advisory Solutions LLC’s portfolio, making the stock its 22nd biggest position. Wealth Advisory Solutions LLC’s holdings in Uber Technologies were worth $4,451,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of UBER. Pershing Square Capital Management L.P. acquired a new stake in shares of Uber Technologies during the 1st quarter valued at $2,207,743,000. Kingstone Capital Partners Texas LLC boosted its holdings in shares of Uber Technologies by 334,075.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock valued at $1,863,545,000 after acquiring an additional 19,967,705 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Uber Technologies by 2,571.2% during the 1st quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company’s stock valued at $473,456,000 after acquiring an additional 6,254,898 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Uber Technologies by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company’s stock valued at $13,590,287,000 after acquiring an additional 5,759,353 shares in the last quarter. Finally, Boston Partners boosted its holdings in shares of Uber Technologies by 43.8% during the 1st quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company’s stock valued at $658,686,000 after acquiring an additional 2,749,456 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In other news, 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 transaction, the senior vice president owned 416,222 shares in the company, valued at $38,184,206.28. The trade was a 2.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dara Khosrowshahi sold 300,000 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $95.37, for a total value of $28,611,000.00. Following the completion of the transaction, the chief executive officer owned 1,132,544 shares in the company, valued at $108,010,721.28. The trade was a 20.94% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 354,571 shares of company stock worth $33,810,741. 3.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on UBER shares. UBS Group raised their target price on Uber Technologies from $115.00 to $117.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. raised their target price on Uber Technologies from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. BMO Capital Markets raised their target price on Uber Technologies from $101.00 to $113.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Wall Street Zen lowered Uber Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Susquehanna raised 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. 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $103.06.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $99.48 on Tuesday. The firm has a market capitalization of $207.47 billion, a price-to-earnings ratio of 16.95 and a beta of 1.43. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99. The business has a 50-day simple moving average of $92.74 and a 200 day simple moving average of $85.61.

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

About Uber Technologies

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.