Soltis Investment Advisors LLC Raises Holdings in Uber Technologies, Inc. $UBER

Soltis Investment Advisors LLC boosted its position in Uber Technologies, Inc. (NYSE:UBER) by 47.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,197 shares of the ride-sharing company’s stock after acquiring an additional 2,967 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Uber Technologies were worth $858,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vision Financial Markets LLC acquired a new position in shares of Uber Technologies in the 1st quarter valued at about $27,000. West Oak Capital LLC purchased a new position in Uber Technologies in the second quarter valued at approximately $28,000. Truvestments Capital LLC lifted its position 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 buying an additional 339 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new position in Uber Technologies during the second quarter valued at approximately $30,000. Finally, Ransom Advisory Ltd purchased a new stake in Uber Technologies during the first quarter worth approximately $31,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Nikki Krishnamurthy sold 11,571 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the transaction, the senior vice president owned 416,222 shares of the company’s stock, valued at approximately $38,184,206.28. This trade represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total value of $273,405.00. Following the sale, the chief financial officer owned 22,528 shares in the company, valued at $2,239,733.76. The trade was a 10.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 604,946 shares of company stock worth $58,950,116. Company insiders own 3.84% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on UBER shares. Wells Fargo & Company cut their target price on shares of Uber Technologies from $125.00 to $120.00 and set an “overweight” rating on the stock in a research note on Wednesday. Mizuho began coverage on Uber Technologies in a research report on Monday, September 29th. They issued an “outperform” rating and a $130.00 price objective on the stock. Roth Capital increased their target price on Uber Technologies from $93.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, July 14th. KeyCorp boosted their price target on Uber Technologies from $90.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, July 14th. Finally, UBS Group set a $122.00 price target on Uber Technologies and gave the stock a “buy” rating in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.26.

Uber Technologies Stock Performance

Uber Technologies stock opened at $92.33 on Friday. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99. The company has a current ratio of 1.15, a quick ratio of 1.11 and a debt-to-equity ratio of 0.37. The stock has a market cap of $192.55 billion, a P/E ratio of 11.87 and a beta of 1.46. The stock has a 50 day moving average of $95.50 and a 200-day moving average of $90.95.

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, beating the consensus estimate of $0.67 by $2.44. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The firm had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.25 billion. During the same period in the prior year, the company posted $1.20 earnings per share. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. On average, analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal 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.