Ashton Thomas Private Wealth LLC Has $6.54 Million Holdings in Uber Technologies, Inc. $UBER

Ashton Thomas Private Wealth LLC increased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 8.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,095 shares of the ride-sharing company’s stock after acquiring an additional 5,660 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Uber Technologies were worth $6,540,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in UBER. Brighton Jones LLC raised its holdings in shares of Uber Technologies by 3.4% in the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after acquiring an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after acquiring an additional 6,129 shares during the last quarter. Bison Wealth LLC raised its holdings in shares of Uber Technologies by 20.3% in the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock worth $229,000 after acquiring an additional 641 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Uber Technologies by 319.6% in the 1st quarter. GAMMA Investing LLC now owns 22,753 shares of the ride-sharing company’s stock worth $1,658,000 after acquiring an additional 17,330 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of Uber Technologies by 20.7% in the 1st quarter. Bessemer Group Inc. now owns 32,416 shares of the ride-sharing company’s stock worth $2,361,000 after acquiring an additional 5,561 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Activity

In other news, CEO Dara Khosrowshahi sold 300,000 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,132,544 shares of the company’s stock, valued at $108,010,721.28. This represents a 20.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Hazelbaker sold 31,250 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the transaction, the insider directly owned 86,531 shares of the company’s stock, valued at $8,343,319.02. This represents a 26.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 604,946 shares of company stock worth $58,950,116. 3.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on UBER. Wedbush lowered their target price on shares of Uber Technologies from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Thursday, August 7th. Piper Sandler upped their price objective on shares of Uber Technologies from $95.00 to $103.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $110.00 price objective on shares of Uber Technologies in a research report on Tuesday, October 21st. Morgan Stanley reaffirmed an “overweight” rating and issued a $115.00 price objective (up from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. Finally, Barclays reaffirmed an “overweight” rating and issued a $110.00 price objective (up from $97.00) on shares of Uber Technologies in a research report on Thursday, August 7th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $105.91.

Uber Technologies Stock Down 0.6%

Uber Technologies stock opened at $94.09 on Monday. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99. The firm has a 50 day moving average price of $95.42 and a 200-day moving average price of $89.67. The company has a market capitalization of $196.21 billion, a P/E ratio of 16.03 and a beta of 1.48. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41.

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

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.