Prime Capital Investment Advisors LLC Increases Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Prime Capital Investment Advisors LLC increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 59.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 66,345 shares of the ride-sharing company’s stock after purchasing an additional 24,856 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Uber Technologies were worth $4,822,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC increased its holdings in shares of Uber Technologies by 23.4% in the 4th quarter. International Assets Investment Management LLC now owns 11,739 shares of the ride-sharing company’s stock valued at $723,000 after acquiring an additional 2,225 shares during the period. Precision Wealth Strategies LLC purchased a new position in Uber Technologies in the fourth quarter valued at about $444,000. 9258 Wealth Management LLC raised its holdings in Uber Technologies by 52.6% in the fourth quarter. 9258 Wealth Management LLC now owns 12,138 shares of the ride-sharing company’s stock worth $747,000 after purchasing an additional 4,185 shares in the last quarter. Rollins Financial purchased a new stake in shares of Uber Technologies during the fourth quarter valued at about $265,000. Finally, Avantax Advisory Services Inc. boosted its holdings in shares of Uber Technologies by 23.2% in the 4th quarter. Avantax Advisory Services Inc. now owns 20,271 shares of the ride-sharing company’s stock valued at $1,248,000 after buying an additional 3,819 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Price Performance

NYSE:UBER opened at $72.48 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21. The company has a 50 day moving average price of $69.41 and a 200-day moving average price of $70.89. Uber Technologies, Inc. has a 1-year low of $40.09 and a 1-year high of $82.14. The firm has a market cap of $151.45 billion, a price-to-earnings ratio of 116.90, a price-to-earnings-growth ratio of 1.21 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The company had revenue of $10.70 billion during the quarter, compared to analysts’ expectations of $10.57 billion. During the same quarter in the previous year, the company earned $0.18 earnings per share. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. Equities research analysts forecast that Uber Technologies, Inc. will post 1.06 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on UBER. Morgan Stanley boosted their price objective on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 23rd. Piper Sandler increased their price objective on Uber Technologies from $86.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, June 25th. Oppenheimer restated an “outperform” rating and set a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, June 5th. JMP Securities boosted their target price on Uber Technologies from $75.00 to $80.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 7th. Finally, Wolfe Research started coverage on Uber Technologies in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $90.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $87.60.

Insider Activity at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the transaction, the chief executive officer now owns 1,266,114 shares in the company, valued at $91,046,257.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.84% of the stock is owned by company insiders.

Uber Technologies 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.