Western Wealth Management LLC Buys 7,461 Shares of Uber Technologies, Inc. (NYSE:UBER)

Western Wealth Management LLC raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 103.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,662 shares of the ride-sharing company’s stock after purchasing an additional 7,461 shares during the period. Western Wealth Management LLC’s holdings in Uber Technologies were worth $1,068,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of UBER. Clark Capital Management Group Inc. grew its holdings in Uber Technologies by 11,354.8% during the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company’s stock worth $24,280,000 after acquiring an additional 399,008 shares during the period. UMB Bank n.a. grew its holdings in Uber Technologies by 33.6% during the 1st quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company’s stock worth $890,000 after acquiring an additional 3,073 shares during the period. Revolve Wealth Partners LLC grew its holdings in Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after acquiring an additional 6,129 shares during the period. Mufg Securities Americas Inc. acquired a new stake in Uber Technologies during the 4th quarter worth about $1,875,000. Finally, APG Asset Management N.V. acquired a new stake in Uber Technologies during the 4th quarter worth about $84,687,000. 80.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on UBER. Loop Capital reiterated a “buy” rating and set a $105.00 price target (up from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Fox Advisors downgraded Uber Technologies from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 11th. Tigress Financial set a $110.00 price target on Uber Technologies and gave the stock a “buy” rating in a report on Friday, May 23rd. Truist Financial raised their target price on Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, March 6th. Finally, Wall Street Zen raised Uber Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, June 15th. Eleven research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.18.

Uber Technologies Stock Up 2.4%

UBER stock opened at $93.09 on Friday. The stock’s fifty day simple moving average is $84.83 and its two-hundred day simple moving average is $75.02. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $94.38. The stock has a market cap of $194.67 billion, a P/E ratio of 16.30, a P/E/G ratio of 1.15 and a beta of 1.38.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.33. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The business had revenue of $11.53 billion for the quarter, compared to analysts’ expectations of $11.61 billion. During the same quarter in the previous year, the firm earned ($0.32) earnings per share. The business’s revenue was up 13.8% on a year-over-year basis. Analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the business’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the transaction, the insider now owns 102,135 shares of the company’s stock, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the completion of the transaction, the chief financial officer now directly owns 21,063 shares in the company, valued at approximately $1,790,355. This represents a 11.55% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

Uber Technologies Company 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.