Avantax Advisory Services Inc. Acquires 3,819 Shares of Uber Technologies, Inc. (NYSE:UBER)

Avantax Advisory Services Inc. raised its holdings in Uber Technologies, Inc. (NYSE:UBERFree Report) by 23.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,271 shares of the ride-sharing company’s stock after purchasing an additional 3,819 shares during the period. Avantax Advisory Services Inc.’s holdings in Uber Technologies were worth $1,248,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. CVA Family Office LLC bought a new stake in Uber Technologies during the fourth quarter worth about $30,000. Highlander Capital Management LLC lifted its holdings in shares of Uber Technologies by 100.0% during the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after acquiring an additional 250 shares during the period. Bfsg LLC bought a new stake in shares of Uber Technologies during the 4th quarter worth approximately $31,000. Blue Bell Private Wealth Management LLC boosted its position in shares of Uber Technologies by 49.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after acquiring an additional 174 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group raised its position in Uber Technologies by 82.9% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 578 shares of the ride-sharing company’s stock valued at $36,000 after purchasing an additional 262 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Trading Down 0.6 %

Shares of UBER stock opened at $65.67 on Friday. The company has a market cap of $137.22 billion, a P/E ratio of 105.92, a PEG ratio of 1.39 and a beta of 1.39. Uber Technologies, Inc. has a fifty-two week low of $37.07 and a fifty-two week high of $82.14. The stock has a 50 day simple moving average of $72.94 and a two-hundred day simple moving average of $66.84. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.21 and a current ratio of 1.21.

Uber Technologies (NYSE:UBERGet Free Report) last released its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.53). The company had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.09 billion. Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The business’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.08) EPS. Research analysts forecast that Uber Technologies, Inc. will post 0.88 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on UBER. JMP Securities reaffirmed a “market outperform” rating and issued a $80.00 target price on shares of Uber Technologies in a report on Thursday. Mizuho lifted their target price on Uber Technologies from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. BTIG Research increased their target price on shares of Uber Technologies from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Wedbush restated an “outperform” rating and issued a $85.00 price target on shares of Uber Technologies in a research note on Wednesday, May 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, May 8th. Two analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $84.38.

View Our Latest Stock Analysis on Uber Technologies

Insider Activity

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $65.93, for a total value of $32,965,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,656,996 shares in the company, valued at approximately $109,245,746.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the transaction, the insider now directly owns 206,338 shares in the company, valued at $13,541,962.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the completion of the sale, the chief executive officer now owns 1,656,996 shares in the company, valued at approximately $109,245,746.28. The disclosure for this sale can be found here. Company insiders own 3.84% of the company’s stock.

Uber Technologies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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