B. Riley Wealth Advisors Inc. Has $13.49 Million Stock Position in Uber Technologies, Inc. (NYSE:UBER)

B. Riley Wealth Advisors Inc. raised its stake in Uber Technologies, Inc. (NYSE:UBERFree Report) by 12.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 219,084 shares of the ride-sharing company’s stock after buying an additional 24,078 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Uber Technologies were worth $13,489,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in UBER. Ables Iannone Moore & Associates Inc. bought a new position in shares of Uber Technologies during the fourth quarter valued at $493,000. Sivia Capital Partners LLC bought a new position in Uber Technologies during the fourth quarter worth $291,000. Vanguard Group Inc. raised its stake in Uber Technologies by 34.8% during the fourth quarter. Vanguard Group Inc. now owns 167,629,367 shares of the ride-sharing company’s stock worth $10,320,940,000 after buying an additional 43,275,830 shares during the last quarter. Wahed Invest LLC raised its stake in Uber Technologies by 8.1% during the fourth quarter. Wahed Invest LLC now owns 33,277 shares of the ride-sharing company’s stock worth $2,049,000 after buying an additional 2,495 shares during the last quarter. Finally, ICA Group Wealth Management LLC bought a new position in Uber Technologies during the fourth quarter worth $84,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Performance

UBER stock traded up $0.43 during mid-day trading on Monday, hitting $70.49. The company had a trading volume of 14,755,569 shares, compared to its average volume of 19,826,799. The firm has a market cap of $147.29 billion, a PE ratio of 113.69, a price-to-earnings-growth ratio of 1.54 and a beta of 1.37. 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, Inc. has a 12 month low of $40.09 and a 12 month high of $82.14. The stock’s fifty day moving average price is $68.47 and its two-hundred day moving average price is $69.07.

Uber Technologies (NYSE:UBERGet Free Report) last posted its quarterly earnings results 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 3.60% and a return on equity of 12.81%. The business had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.09 billion. During the same period last year, the firm earned ($0.08) EPS. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, analysts forecast that Uber Technologies, Inc. will post 0.84 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Tony West sold 28,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the sale, the insider now owns 96,945 shares of the company’s stock, valued at approximately $6,851,103.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $65.93, for a total value of $32,965,000.00. Following the completion of 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Tony West sold 28,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the completion of the transaction, the insider now directly owns 96,945 shares of the company’s stock, valued at approximately $6,851,103.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 635,984 shares of company stock valued at $42,258,297. Company insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on UBER. Truist Financial lifted their target price on shares of Uber Technologies from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, March 27th. Loop Capital lowered their target price on shares of Uber Technologies from $88.00 to $83.00 and set a “buy” rating for the company in a research note on Thursday, May 16th. Piper Sandler lifted their target price on shares of Uber Technologies from $78.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. Citigroup raised their price target on shares of Uber Technologies from $93.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Finally, BTIG Research raised their price target on shares of Uber Technologies from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Two investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $84.47.

Read Our Latest Stock Analysis on Uber Technologies

About Uber Technologies

(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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