Wealthspire Advisors LLC Grows Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Wealthspire Advisors LLC lifted its position in Uber Technologies, Inc. (NYSE:UBER) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,738 shares of the ride-sharing company’s stock after buying an additional 290 shares during the period. Wealthspire Advisors LLC’s holdings in Uber Technologies were worth $1,523,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of UBER. Vanguard Group Inc. raised its position in shares of Uber Technologies by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 124,353,537 shares of the ride-sharing company’s stock valued at $5,719,019,000 after purchasing an additional 2,067,098 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Uber Technologies by 2.9% during the third quarter. Northern Trust Corp now owns 12,356,034 shares of the ride-sharing company’s stock valued at $568,254,000 after buying an additional 351,575 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Uber Technologies by 75.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,256,352 shares of the ride-sharing company’s stock valued at $631,484,000 after acquiring an additional 4,402,382 shares during the period. Winslow Capital Management LLC raised its stake in Uber Technologies by 33.6% in the 3rd quarter. Winslow Capital Management LLC now owns 9,062,836 shares of the ride-sharing company’s stock worth $416,800,000 after acquiring an additional 2,278,252 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new stake in Uber Technologies during the 3rd quarter worth about $272,625,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on UBER. JMP Securities restated a “market outperform” rating and issued a $85.00 price objective on shares of Uber Technologies in a research note on Thursday, March 28th. Mizuho upped their price objective on shares of Uber Technologies from $77.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Wells Fargo & Company reduced their target price on shares of Uber Technologies from $95.00 to $89.00 and set an “overweight” rating for the company in a report on Thursday. Oppenheimer reaffirmed an “outperform” rating and issued a $90.00 price target on shares of Uber Technologies in a report on Monday, April 29th. Finally, Roth Mkm lifted their price objective on Uber Technologies from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Two research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $83.44.

Uber Technologies Price Performance

Shares of NYSE UBER traded up $1.53 during mid-day trading on Thursday, reaching $67.93. The company’s stock had a trading volume of 27,956,039 shares, compared to its average volume of 20,634,590. The stock has a 50-day moving average of $74.80 and a two-hundred day moving average of $65.83. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market capitalization of $141.39 billion, a P/E ratio of 78.98, a P/E/G ratio of 1.09 and a beta of 1.39. Uber Technologies, Inc. has a 1-year low of $37.07 and a 1-year high of $82.14.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.53). Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The business had revenue of $10.13 billion for the quarter, compared to analysts’ expectations of $10.09 billion. During the same period in the prior year, the company posted ($0.08) EPS. The firm’s revenue was up 14.8% on a year-over-year basis. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 1.23 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In other news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction on Monday, February 12th. The stock was sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the transaction, the insider now owns 185,566 shares in the company, valued at approximately $13,004,465.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Tony West sold 18,750 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the transaction, the insider now directly owns 185,566 shares in the company, valued at $13,004,465.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the sale, the insider now directly owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. Insiders own 3.80% of the company’s stock.

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.