Laurel Wealth Advisors LLC Has $144.55 Million Stake in Uber Technologies, Inc. $UBER

Laurel Wealth Advisors LLC lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 11,354.5% in the second quarter, HoldingsChannel.com reports. The fund owned 1,549,340 shares of the ride-sharing company’s stock after buying an additional 1,535,814 shares during the period. Laurel Wealth Advisors LLC’s holdings in Uber Technologies were worth $144,553,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. West Oak Capital LLC acquired a new stake in shares of Uber Technologies during the second quarter valued at about $28,000. Trust Co. of Toledo NA OH acquired a new position in shares of Uber Technologies in the second quarter worth approximately $30,000. Vision Financial Markets LLC bought a new stake in Uber Technologies in the first quarter valued at approximately $27,000. Truvestments Capital LLC increased its position in Uber Technologies by 498.5% during the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after purchasing an additional 339 shares during the period. Finally, REAP Financial Group LLC raised its holdings in Uber Technologies by 158.2% during the 2nd quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock worth $38,000 after purchasing an additional 250 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on UBER shares. TD Cowen increased their price objective on shares of Uber Technologies from $108.00 to $114.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Wedbush decreased their price target on Uber Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Thursday, August 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $108.00 price objective on shares of Uber Technologies in a research report on Wednesday, October 29th. BTIG Research reissued a “buy” rating and issued a $100.00 price objective on shares of Uber Technologies in a research note on Tuesday, November 4th. Finally, Guggenheim decreased their target price on Uber Technologies from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $108.26.

Insider Activity

In other news, insider Tony West sold 3,125 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $92.10, for a total transaction of $287,812.50. Following the transaction, the insider directly owned 174,135 shares of the company’s stock, valued at $16,037,833.50. This represents a 1.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Dara Khosrowshahi sold 150,000 shares of Uber Technologies stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $100.48, for a total transaction of $15,072,000.00. Following the completion of the sale, the chief executive officer directly owned 982,544 shares of the company’s stock, valued at approximately $98,726,021.12. The trade was a 13.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 567,625 shares of company stock worth $55,385,660 over the last quarter. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Price Performance

UBER stock opened at $83.76 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.15. The company’s 50-day moving average is $94.51 and its 200-day moving average is $91.96. The stock has a market capitalization of $174.04 billion, a PE ratio of 10.77 and a beta of 1.46. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $101.99.

Uber Technologies (NYSE:UBER) last issued its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The business had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.25 billion. During the same period in the previous year, the company posted $1.20 EPS. The firm’s revenue was up 20.4% compared to the same quarter last year. Equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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.