Beacon Financial Advisory LLC Takes Position in Uber Technologies, Inc. (NYSE:UBER)

Beacon Financial Advisory LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBER) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,939 shares of the ride-sharing company’s stock, valued at approximately $214,000.

Several other large investors also recently made changes to their positions in UBER. Brighton Jones LLC raised its stake in Uber Technologies by 3.4% in the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock valued at $4,491,000 after acquiring an additional 2,474 shares during the period. Revolve Wealth Partners LLC raised its stake in Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after acquiring an additional 6,129 shares during the period. Bank Pictet & Cie Europe AG bought a new stake in Uber Technologies in the 4th quarter valued at $395,000. Whipplewood Advisors LLC bought a new stake in Uber Technologies in the 4th quarter valued at $54,000. Finally, Kovack Advisors Inc. raised its stake in Uber Technologies by 23.0% in the 4th quarter. Kovack Advisors Inc. now owns 9,803 shares of the ride-sharing company’s stock valued at $591,000 after acquiring an additional 1,830 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Activity

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’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 transaction, the chief financial officer now directly owns 21,063 shares in the company, valued at $1,790,355. This trade represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the firm’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 transaction, the insider now owns 102,135 shares of the company’s stock, valued at $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER stock opened at $91.54 on Friday. The business’s 50-day moving average price is $85.16 and its 200-day moving average price is $75.20. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $94.38. The firm has a market capitalization of $191.43 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 1.18 and a beta of 1.38. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 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 firm had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same period last year, the firm posted ($0.32) earnings per share. The business’s revenue for the quarter was up 13.8% on a year-over-year basis. Equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analysts Set New Price Targets

UBER has been the topic of several recent research reports. KeyCorp increased their price objective on Uber Technologies from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Wells Fargo & Company increased their price objective on Uber Technologies from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. KGI Securities reiterated a “neutral” rating and set a $78.00 price objective on shares of Uber Technologies in a research report on Tuesday, March 11th. Stifel Nicolaus initiated coverage on Uber Technologies in a research report on Wednesday, June 11th. They set a “buy” rating and a $110.00 price objective on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, May 7th. Twelve research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.85.

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.