Lodestone Wealth Management LLC Invests $208,000 in Uber Technologies, Inc. $UBER

Lodestone Wealth Management LLC acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 2,234 shares of the ride-sharing company’s stock, valued at approximately $208,000.

Several other institutional investors have also recently added to or reduced their stakes in UBER. Brighton Jones LLC lifted its stake in Uber Technologies by 3.4% during the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after purchasing an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after buying an additional 6,129 shares in the last quarter. Bison Wealth LLC raised its holdings in shares of Uber Technologies by 20.3% in the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock valued at $229,000 after buying an additional 641 shares during the period. GW&K Investment Management LLC lifted its stake in Uber Technologies by 22.2% during the 1st quarter. GW&K Investment Management LLC now owns 1,641 shares of the ride-sharing company’s stock worth $120,000 after acquiring an additional 298 shares in the last quarter. Finally, Crestwood Advisors Group LLC lifted its stake in Uber Technologies by 43.6% during the 1st quarter. Crestwood Advisors Group LLC now owns 9,420 shares of the ride-sharing company’s stock worth $686,000 after acquiring an additional 2,858 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Down 1.7%

Shares of NYSE:UBER opened at $89.28 on Thursday. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $101.99. The firm’s 50 day moving average price is $95.27 and its 200 day moving average price is $91.92. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. The stock has a market cap of $185.50 billion, a price-to-earnings ratio of 11.48 and a beta of 1.46.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, topping the consensus estimate of $0.67 by $2.44. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The company had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.25 billion. During the same quarter in the previous year, the business posted $1.20 EPS. The firm’s revenue was up 20.4% on a year-over-year basis. As a group, equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of Uber Technologies stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total transaction of $519,255.00. Following the completion of the sale, the chief financial officer directly owned 20,330 shares of the company’s stock, valued at $1,919,355.30. The trade was a 21.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Tony West sold 100,000 shares of the company’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $100.38, for a total value of $10,038,000.00. Following the transaction, the insider directly owned 171,558 shares of the company’s stock, valued at approximately $17,220,992.04. This represents a 36.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 602,000 shares of company stock worth $58,695,660. 3.84% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. TD Cowen lifted their target price on Uber Technologies from $108.00 to $114.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Susquehanna reissued a “positive” rating and issued a $110.00 price objective on shares of Uber Technologies in a research note on Wednesday, November 5th. Barclays dropped their price objective on shares of Uber Technologies from $110.00 to $107.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Wedbush cut their target price on shares of Uber Technologies from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Thursday, August 7th. Finally, Guggenheim decreased their price target on shares of Uber Technologies from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $108.26.

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.