Golden State Wealth Management LLC Raises Stock Position in Uber Technologies, Inc. $UBER

Golden State Wealth Management LLC grew its holdings in Uber Technologies, Inc. (NYSE:UBER) by 56.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,647 shares of the ride-sharing company’s stock after acquiring an additional 593 shares during the period. Golden State Wealth Management LLC’s holdings in Uber Technologies were worth $154,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Vision Financial Markets LLC purchased a new stake in Uber Technologies during the 1st quarter valued at approximately $27,000. West Oak Capital LLC purchased a new position in shares of Uber Technologies during the second quarter valued at about $28,000. Truvestments Capital LLC raised its holdings in shares of Uber Technologies by 498.5% during the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after acquiring an additional 339 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new stake in shares of Uber Technologies during the 2nd quarter valued at about $30,000. Finally, Ransom Advisory Ltd purchased a new stake in Uber Technologies during the 1st quarter valued at $31,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Tony West sold 100,000 shares of the business’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the sale, the insider directly owned 171,558 shares in the company, valued at $17,220,992.04. This represents a 36.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Hazelbaker sold 31,250 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the sale, the insider directly owned 86,531 shares in the company, valued at approximately $8,343,319.02. The trade was a 26.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 604,946 shares of company stock worth $58,950,116. 3.84% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

UBER has been the subject of a number of recent analyst reports. Wedbush dropped their price objective on Uber Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Thursday, August 7th. JPMorgan Chase & Co. boosted their price objective on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a report on Tuesday, October 28th. UBS Group set a $122.00 price target on Uber Technologies and gave the company a “buy” rating in a research note on Wednesday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $109.00 price objective on shares of Uber Technologies in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average price target of $108.26.

Uber Technologies Stock Down 0.1%

Shares of NYSE UBER opened at $92.03 on Friday. The company has a market capitalization of $191.21 billion, a P/E ratio of 11.83 and a beta of 1.46. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.11. The company has a 50 day simple moving average of $95.46 and a 200-day simple moving average of $91.09. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $101.99.

Uber Technologies (NYSE:UBER) last posted its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The company had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.25 billion. During the same quarter in the previous year, the business earned $1.20 earnings per share. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

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.