Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Bulltick Wealth Management LLC

Bulltick Wealth Management LLC boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 26.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,304 shares of the ride-sharing company’s stock after buying an additional 13,321 shares during the quarter. Uber Technologies accounts for 1.2% of Bulltick Wealth Management LLC’s investment portfolio, making the stock its 25th largest position. Bulltick Wealth Management LLC’s holdings in Uber Technologies were worth $4,612,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in UBER. Brighton Jones LLC lifted its holdings in Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after buying an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after buying an additional 6,129 shares in the last quarter. Bank Pictet & Cie Europe AG acquired a new stake in Uber Technologies during the 4th quarter worth approximately $395,000. Townsquare Capital LLC lifted its holdings in Uber Technologies by 17.5% during the 4th quarter. Townsquare Capital LLC now owns 33,001 shares of the ride-sharing company’s stock worth $1,991,000 after buying an additional 4,908 shares in the last quarter. Finally, Sagespring Wealth Partners LLC acquired a new stake in Uber Technologies during the 4th quarter worth approximately $433,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Wedbush reduced their price objective on shares of Uber Technologies from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Thursday, August 7th. Sanford C. Bernstein raised their price objective on shares of Uber Technologies from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Bank of America raised their price objective on shares of Uber Technologies from $97.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. raised their price objective on shares of Uber Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Finally, Needham & Company LLC raised their price objective on shares of Uber Technologies from $100.00 to $109.00 and gave the company a “buy” rating in a report on Monday, July 14th. Eleven equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $102.82.

Uber Technologies Stock Up 1.2%

Shares of NYSE:UBER opened at $90.63 on Tuesday. The company has a market cap of $189.00 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 1.03 and a beta of 1.43. The firm’s 50-day simple moving average is $89.58 and its 200-day simple moving average is $81.40. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $97.71.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. The business had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.47 earnings per share. As a group, equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the sale, the chief financial officer owned 21,975 shares of the company’s stock, valued at $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.70% of the stock is currently owned by insiders.

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.