Laurel Wealth Advisors LLC Purchases 1,535,814 Shares of Uber Technologies, Inc. $UBER

Laurel Wealth Advisors LLC increased its position in Uber Technologies, Inc. (NYSE:UBER) by 11,354.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,549,340 shares of the ride-sharing company’s stock after purchasing an additional 1,535,814 shares during the quarter. Laurel Wealth Advisors LLC owned approximately 0.07% of Uber Technologies worth $144,553,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of UBER. West Oak Capital LLC acquired a new stake in shares of Uber Technologies during the 2nd quarter valued at about $28,000. Trust Co. of Toledo NA OH bought a new position in Uber Technologies during the second quarter worth about $30,000. Vision Financial Markets LLC acquired a new stake in Uber Technologies during the first quarter valued at approximately $27,000. Truvestments Capital LLC boosted its holdings in Uber Technologies by 498.5% during the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after purchasing an additional 339 shares in the last quarter. Finally, REAP Financial Group LLC grew its stake in shares of Uber Technologies by 158.2% in the 2nd quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock valued at $38,000 after purchasing an additional 250 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Dara Khosrowshahi sold 150,000 shares of the business’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $100.48, for a total value of $15,072,000.00. Following the sale, the chief executive officer directly owned 982,544 shares in the company, valued at $98,726,021.12. The trade was a 13.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Tony West sold 3,125 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $92.10, for a total value of $287,812.50. Following the completion of the sale, the insider owned 174,135 shares in the company, valued at $16,037,833.50. The trade was a 1.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 567,625 shares of company stock worth $55,385,660 over the last ninety days. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Down 0.1%

Shares of NYSE UBER opened at $83.76 on Tuesday. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $101.99. The firm’s 50-day moving average is $94.51 and its 200-day moving average is $91.96. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $174.04 billion, a PE ratio of 10.77 and a beta of 1.46.

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

Analysts Set New Price Targets

Several research firms recently commented on UBER. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $108.00 target price on shares of Uber Technologies in a research report on Wednesday, October 29th. Guggenheim dropped their price objective on Uber Technologies from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Raymond James Financial lifted their price objective on Uber Technologies from $100.00 to $105.00 and gave the company a “strong-buy” rating in a report on Thursday, August 7th. TD Cowen upped their target price on shares of Uber Technologies from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Finally, Wall Street Zen upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $108.26.

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.