Ashton Thomas Private Wealth LLC Acquires 1,171 Shares of Uber Technologies, Inc. (NYSE:UBER)

Ashton Thomas Private Wealth LLC lifted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 2.6% in the 1st quarter, Holdings Channel reports. The firm owned 46,138 shares of the ride-sharing company’s stock after buying an additional 1,171 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Uber Technologies were worth $3,552,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of UBER. Maryland State Retirement & Pension System lifted its holdings in Uber Technologies by 0.9% in the 1st quarter. Maryland State Retirement & Pension System now owns 154,520 shares of the ride-sharing company’s stock worth $10,988,000 after purchasing an additional 1,309 shares during the last quarter. New Century Financial Group LLC lifted its stake in shares of Uber Technologies by 8.9% in the first quarter. New Century Financial Group LLC now owns 12,896 shares of the ride-sharing company’s stock worth $993,000 after buying an additional 1,056 shares during the last quarter. First Trust Direct Indexing L.P. raised its holdings in Uber Technologies by 54.2% in the 1st quarter. First Trust Direct Indexing L.P. now owns 40,963 shares of the ride-sharing company’s stock worth $3,154,000 after acquiring an additional 14,390 shares during the period. Norden Group LLC bought a new position in Uber Technologies in the 1st quarter worth $1,651,000. Finally, Lake Street Private Wealth LLC lifted its position in Uber Technologies by 2.5% during the 1st quarter. Lake Street Private Wealth LLC now owns 110,064 shares of the ride-sharing company’s stock worth $8,474,000 after acquiring an additional 2,701 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other news, insider Tony West sold 18,750 shares of the firm’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 transaction of $1,230,562.50. Following the completion of the transaction, the insider now directly owns 206,338 shares of the company’s stock, valued at approximately $13,541,962.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Tony West sold 18,750 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 206,338 shares of the company’s stock, valued at approximately $13,541,962.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies 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 transaction, the chief executive officer now owns 1,656,996 shares of the company’s stock, valued at approximately $109,245,746.28. The disclosure for this sale can be found here. Insiders have sold 635,984 shares of company stock valued at $42,258,297 in the last 90 days. 3.80% of the stock is currently owned by company insiders.

Uber Technologies Price Performance

Shares of Uber Technologies stock traded down $0.34 during trading on Friday, reaching $70.96. The company’s stock had a trading volume of 1,945,718 shares, compared to its average volume of 19,150,205. Uber Technologies, Inc. has a one year low of $40.09 and a one year high of $82.14. The stock has a 50-day moving average price of $68.02 and a two-hundred day moving average price of $69.97. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $148.27 billion, a P/E ratio of 114.31, a price-to-earnings-growth ratio of 1.56 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). The company had revenue of $10.13 billion for the quarter, compared to analyst estimates of $10.09 billion. Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. Uber Technologies’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.08) earnings per share. As a group, sell-side analysts anticipate that Uber Technologies, Inc. will post 0.85 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Oppenheimer reaffirmed an “outperform” rating and issued a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, June 5th. Piper Sandler lifted their price target on Uber Technologies from $86.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 25th. UBS Group cut their price target on Uber Technologies from $100.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, May 9th. JMP Securities restated a “market outperform” rating and issued a $80.00 price objective on shares of Uber Technologies in a research note on Thursday, May 16th. Finally, Bank of America cut their target price on shares of Uber Technologies from $91.00 to $87.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Two research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.41.

About Uber Technologies

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.