Soltis Investment Advisors LLC Takes $238,000 Position in Uber Technologies, Inc. (NYSE:UBER)

Soltis Investment Advisors LLC acquired a new position in Uber Technologies, Inc. (NYSE:UBER) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 3,086 shares of the ride-sharing company’s stock, valued at approximately $238,000.

Several other large investors also recently modified their holdings of UBER. Financial Management Professionals Inc. lifted its stake in shares of Uber Technologies by 111.6% in the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 202 shares during the period. Highlander Capital Management LLC raised its position in Uber Technologies by 100.0% in the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after acquiring an additional 250 shares during the period. Bfsg LLC bought a new position in Uber Technologies in the fourth quarter worth approximately $31,000. Blue Bell Private Wealth Management LLC grew its position in shares of Uber Technologies by 49.7% during 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 during the period. Finally, J.Safra Asset Management Corp purchased a new stake in shares of Uber Technologies in the 1st quarter worth $32,000. Institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In related news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction dated 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 in the company, valued at $13,541,962.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction dated 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 owns 206,338 shares in the company, valued at approximately $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 in the last ninety days. Corporate insiders own 3.84% of the company’s stock.

Analyst Ratings Changes

UBER has been the topic of a number of analyst reports. Melius Research began coverage on Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $77.00 price objective on the stock. Wells Fargo & Company increased their price objective on shares of Uber Technologies from $89.00 to $91.00 and gave the stock an “overweight” rating in a research note on Friday, June 28th. Loop Capital lowered their target price on shares of Uber Technologies from $88.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, May 16th. 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. Finally, TD Cowen boosted their price objective on Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Four equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $86.76.

Uber Technologies Trading Down 3.3 %

Shares of NYSE:UBER traded down $2.03 on Friday, hitting $58.99. 27,654,556 shares of the company’s stock were exchanged, compared to its average volume of 16,050,067. The business’s 50 day simple moving average is $68.37 and its two-hundred day simple moving average is $70.97. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market capitalization of $123.26 billion, a price-to-earnings ratio of 95.15, a price-to-earnings-growth ratio of 1.37 and a beta of 1.36. Uber Technologies, Inc. has a 12 month low of $40.09 and a 12 month high of $82.14.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). The company had revenue of $10.13 billion for 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 was up 14.8% compared to the same quarter last year. During the same period last year, the business posted ($0.08) earnings per share. Analysts anticipate that Uber Technologies, Inc. will post 0.84 EPS for the current fiscal 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.