Worth Financial Advisory Group LLC Has $2.11 Million Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Worth Financial Advisory Group LLC lifted its stake in Uber Technologies, Inc. (NYSE:UBER) by 18.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,986 shares of the ride-sharing company’s stock after acquiring an additional 4,575 shares during the period. Uber Technologies makes up 1.3% of Worth Financial Advisory Group LLC’s portfolio, making the stock its 17th largest holding. Worth Financial Advisory Group LLC’s holdings in Uber Technologies were worth $2,112,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Transce3nd LLC acquired a new stake in shares of Uber Technologies in the fourth quarter worth $27,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Uber Technologies in the fourth quarter worth $27,000. Kozak & Associates Inc. grew its stake in shares of Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock worth $27,000 after acquiring an additional 223 shares during the last quarter. Noble Wealth Management PBC acquired a new stake in shares of Uber Technologies in the first quarter worth $27,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of Uber Technologies in the fourth quarter worth $28,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on UBER. Wall Street Zen upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, June 15th. DA Davidson lifted their price target on shares of Uber Technologies from $80.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. KeyCorp lifted their price target on shares of Uber Technologies from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. TD Cowen decreased their price target on shares of Uber Technologies from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Finally, Barclays lifted their price target on shares of Uber Technologies from $86.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Eleven analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.39.

Insider Activity at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the completion of the sale, the chief financial officer now directly owns 21,063 shares of the company’s stock, valued at approximately $1,790,355. The trade was a 11.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the sale, the insider now directly owns 102,135 shares of the company’s stock, valued at $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Stock Performance

Uber Technologies stock opened at $83.73 on Friday. The stock has a 50-day simple moving average of $83.53 and a 200 day simple moving average of $74.39. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $93.60. The stock has a market capitalization of $175.09 billion, a price-to-earnings ratio of 14.66, a P/E/G ratio of 1.06 and a beta of 1.38.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.33. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The business had revenue of $11.53 billion during the quarter, compared to analysts’ expectations of $11.61 billion. During the same period in the previous year, the business posted ($0.32) earnings per share. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. On average, research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share 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.