Kestra Advisory Services LLC Acquires 25,472 Shares of Uber Technologies, Inc. (NYSE:UBER)

Kestra Advisory Services LLC increased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 17.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 168,506 shares of the ride-sharing company’s stock after purchasing an additional 25,472 shares during the period. Kestra Advisory Services LLC’s holdings in Uber Technologies were worth $12,973,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Financial Management Professionals Inc. raised its holdings in Uber Technologies by 111.6% in the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 202 shares in the last quarter. CVA Family Office LLC acquired a new position in Uber Technologies in the 4th quarter valued at $30,000. Highlander Capital Management LLC raised its holdings in Uber Technologies by 100.0% in the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after acquiring an additional 250 shares in the last quarter. Bfsg LLC acquired a new position in Uber Technologies in the 4th quarter valued at $31,000. Finally, Blue Bell Private Wealth Management LLC raised its holdings in Uber Technologies by 49.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock valued at $32,000 after acquiring an additional 174 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Uber Technologies

In other news, insider Tony West sold 18,750 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $65.63, for a total value of $1,230,562.50. Following the completion of the sale, the insider now directly owns 206,338 shares of the company’s stock, valued at $13,541,962.94. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 1,656,996 shares of the company’s stock, valued at $109,245,746.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Tony West sold 18,750 shares of the company’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 value 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 $13,541,962.94. The disclosure for this sale can be found here. Insiders sold a total of 1,135,984 shares of company stock valued at $78,213,297 over the last ninety days. 3.84% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on UBER. Melius Research began coverage on Uber Technologies in a report on Monday, July 22nd. They issued a “hold” rating and a $77.00 price objective for the company. Melius initiated coverage on Uber Technologies in a report on Monday, July 22nd. They set a “hold” rating and a $77.00 price target for the company. Royal Bank of Canada reissued an “outperform” rating and set a $80.00 price target on shares of Uber Technologies in a report on Tuesday, May 28th. Morgan Stanley boosted their price objective on Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Finally, Wolfe Research initiated coverage on Uber Technologies in a research report on Tuesday, July 16th. They set an “outperform” rating and a $90.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. According to MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $85.97.

Uber Technologies Stock Up 0.7 %

Shares of Uber Technologies stock traded up $0.45 on Monday, hitting $64.85. The company had a trading volume of 1,478,924 shares, compared to its average volume of 18,758,119. The stock has a market capitalization of $135.51 billion, a price-to-earnings ratio of 103.97, a P/E/G ratio of 1.41 and a beta of 1.36. Uber Technologies, Inc. has a 1 year low of $40.09 and a 1 year high of $82.14. The stock has a 50 day moving average of $68.58 and a 200-day moving average of $71.06. 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 (NYSE:UBER) last issued its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.53). The company had revenue of $10.13 billion during the quarter, compared to analysts’ expectations of $10.09 billion. Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period last year, the company earned ($0.08) earnings per share. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 0.85 earnings per share for the current year.

Uber Technologies Company 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.