B. Riley Wealth Advisors Inc. Raises Holdings in Uber Technologies, Inc. (NYSE:UBER)

B. Riley Wealth Advisors Inc. increased its position in Uber Technologies, Inc. (NYSE:UBERFree Report) by 12.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 219,084 shares of the ride-sharing company’s stock after buying an additional 24,078 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Uber Technologies were worth $13,489,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Highlander Capital Management LLC increased its holdings in Uber Technologies by 100.0% in the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after purchasing an additional 250 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in shares of Uber Technologies by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 877,589 shares of the ride-sharing company’s stock valued at $40,360,000 after acquiring an additional 3,530 shares in the last quarter. Compagnie Lombard Odier SCmA grew its stake in shares of Uber Technologies by 73.0% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 33,535 shares of the ride-sharing company’s stock valued at $2,065,000 after acquiring an additional 14,153 shares in the last quarter. Financial Enhancement Group LLC acquired a new stake in shares of Uber Technologies during the fourth quarter valued at about $1,112,000. Finally, Fifth Third Bancorp grew its stake in shares of Uber Technologies by 54.3% during the fourth quarter. Fifth Third Bancorp now owns 68,894 shares of the ride-sharing company’s stock valued at $4,242,000 after acquiring an additional 24,247 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Tony West sold 18,750 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $65.63, for a total value of $1,230,562.50. Following the completion of the transaction, the insider now owns 206,338 shares in the company, valued at approximately $13,541,962.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction on Friday, May 17th. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tony West sold 18,750 shares of the company’s stock in a transaction on 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 sale, the insider now owns 206,338 shares of the company’s stock, valued at approximately $13,541,962.94. The disclosure for this sale can be found here. Insiders sold 635,984 shares of company stock worth $42,258,297 in the last quarter. Insiders own 3.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on UBER. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, May 8th. Roth Mkm reissued a “buy” rating and issued a $89.00 target price (down previously from $91.00) on shares of Uber Technologies in a report on Friday, May 10th. BMO Capital Markets reiterated an “outperform” rating and set a $92.00 price target on shares of Uber Technologies in a research report on Wednesday, May 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $80.00 price target on shares of Uber Technologies in a research report on Tuesday, May 28th. Finally, UBS Group dropped their price target on Uber Technologies from $100.00 to $95.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Two analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $84.47.

View Our Latest Research Report on UBER

Uber Technologies Stock Performance

Shares of NYSE:UBER traded up $0.43 during midday trading on Monday, hitting $70.49. The company’s stock had a trading volume of 14,755,569 shares, compared to its average volume of 19,826,799. The stock has a market capitalization of $147.29 billion, a price-to-earnings ratio of 113.69, a PEG ratio of 1.54 and a beta of 1.37. The stock’s 50 day simple moving average is $68.47 and its 200 day simple moving average is $69.07. Uber Technologies, Inc. has a fifty-two week low of $40.09 and a fifty-two week high of $82.14. 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 earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The firm had revenue of $10.13 billion for the quarter, compared to analyst estimates of $10.09 billion. During the same period last year, the business earned ($0.08) earnings per share. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. As a group, research analysts anticipate that Uber Technologies, Inc. will post 0.84 earnings per share for the current year.

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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