7,083 Shares in Uber Technologies, Inc. (NYSE:UBER) Purchased by Wealthcare Advisory Partners LLC

Posted by Defense World Staff on Aug 7th, 2023

Wealthcare Advisory Partners LLC bought a new stake in Uber Technologies, Inc. (NYSE:UBER – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,083 shares of the ride-sharing company’s stock, valued at approximately $225,000.

Several other hedge funds also recently bought and sold shares of the stock. Ellevest Inc. boosted its position in shares of Uber Technologies by 4.1% during the 1st quarter. Ellevest Inc. now owns 16,582 shares of the ride-sharing company’s stock worth $526,000 after purchasing an additional 649 shares during the period. Treasurer of the State of North Carolina raised its holdings in shares of Uber Technologies by 0.6% in the 1st quarter. Treasurer of the State of North Carolina now owns 873,344 shares of the ride-sharing company’s stock valued at $27,685,000 after buying an additional 5,430 shares during the period. Larson Financial Group LLC lifted its stake in Uber Technologies by 20.3% during the 1st quarter. Larson Financial Group LLC now owns 3,114 shares of the ride-sharing company’s stock worth $99,000 after acquiring an additional 526 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Uber Technologies by 46.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 764,121 shares of the ride-sharing company’s stock valued at $24,223,000 after acquiring an additional 242,958 shares during the period. Finally, Clear Harbor Asset Management LLC grew its position in Uber Technologies by 22.8% in the 1st quarter. Clear Harbor Asset Management LLC now owns 9,970 shares of the ride-sharing company’s stock valued at $316,000 after acquiring an additional 1,850 shares in the last quarter. Hedge funds and other institutional investors own 73.90% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER opened at $44.93 on Monday. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.98. The stock’s 50 day moving average is $43.57 and its two-hundred day moving average is $37.02. Uber Technologies, Inc. has a twelve month low of $22.94 and a twelve month high of $49.49.

Uber Technologies (NYSE:UBER – Get Free Report) last posted its quarterly earnings results on Tuesday, August 1st. The ride-sharing company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.19. Uber Technologies had a negative return on equity of 4.57% and a negative net margin of 1.07%. The firm had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $9.34 billion. During the same period in the previous year, the business earned ($1.33) earnings per share. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, equities analysts expect that Uber Technologies, Inc. will post 0.42 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In related news, CEO Dara Khosrowshahi sold 100,000 shares of the business’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $47.51, for a total transaction of $4,751,000.00. Following the sale, the chief executive officer now owns 1,316,243 shares of the company’s stock, valued at $62,534,704.93. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Dara Khosrowshahi sold 100,000 shares of Uber Technologies stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $47.51, for a total transaction of $4,751,000.00. Following the completion of the transaction, the chief executive officer now owns 1,316,243 shares of the company’s stock, valued at approximately $62,534,704.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Tony West sold 16,664 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $42.00, for a total transaction of $699,888.00. Following the completion of the sale, the insider now directly owns 164,693 shares in the company, valued at $6,917,106. The disclosure for this sale can be found here. Insiders have sold a total of 225,642 shares of company stock valued at $10,325,237 in the last ninety days. 3.84% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

UBER has been the topic of several research reports. Morgan Stanley increased their price target on shares of Uber Technologies from $57.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 2nd. TheStreet upgraded shares of Uber Technologies from a “d” rating to a “c-” rating in a research note on Tuesday, May 2nd. Wolfe Research increased their price objective on Uber Technologies from $52.00 to $57.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on Uber Technologies from $44.00 to $46.00 in a research note on Wednesday, May 3rd. Finally, Susquehanna increased their price target on Uber Technologies from $48.00 to $55.00 and gave the company a “positive” rating in a research report on Wednesday, August 2nd. Thirty research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $55.03.

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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