Ashton Thomas Private Wealth LLC Grows Stock Holdings in Uber Technologies, Inc. $UBER

Ashton Thomas Private Wealth LLC boosted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 8.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,095 shares of the ride-sharing company’s stock after buying an additional 5,660 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Uber Technologies were worth $6,540,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Nova Wealth Management Inc. grew its stake in Uber Technologies by 41.0% in the 1st quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company’s stock valued at $31,000 after buying an additional 125 shares in the last quarter. Atticus Wealth Management LLC grew its stake in Uber Technologies by 39.8% in the 2nd quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company’s stock valued at $42,000 after buying an additional 127 shares in the last quarter. Forum Financial Management LP grew its stake in Uber Technologies by 1.3% in the 1st quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company’s stock valued at $798,000 after buying an additional 136 shares in the last quarter. Crewe Advisors LLC grew its stake in Uber Technologies by 18.6% in the 2nd quarter. Crewe Advisors LLC now owns 875 shares of the ride-sharing company’s stock valued at $82,000 after buying an additional 137 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC grew its stake in Uber Technologies by 42.1% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company’s stock valued at $34,000 after buying an additional 138 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Stock Performance

NYSE UBER opened at $94.09 on Monday. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $101.99. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $196.21 billion, a P/E ratio of 16.03 and a beta of 1.48. The company has a fifty day moving average of $95.42 and a 200-day moving average of $89.67.

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

Analyst Upgrades and Downgrades

UBER has been the subject of several analyst reports. Raymond James Financial raised their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “strong-buy” rating in a report on Thursday, August 7th. Sanford C. Bernstein reissued an “outperform” rating and issued a $110.00 price target on shares of Uber Technologies in a report on Tuesday, October 21st. Barclays reissued an “overweight” rating and issued a $110.00 price target (up from $97.00) on shares of Uber Technologies in a report on Thursday, August 7th. Wedbush cut their price target on shares of Uber Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Thursday, August 7th. Finally, Bank of America raised their price target 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. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and an average price target of $105.91.

Insider Activity at Uber Technologies

In other news, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction on Monday, October 20th. The shares were sold at an average price of $93.00, for a total transaction of $290,625.00. Following the completion of the sale, the insider directly owned 172,846 shares of the company’s stock, valued at approximately $16,074,678. The trade was a 1.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction on Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the sale, the senior vice president directly owned 416,222 shares of the company’s stock, valued at $38,184,206.28. This represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 604,946 shares of company stock worth $58,950,116 in the last three months. 3.70% of the stock is 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.