Secure Asset Management LLC Purchases 2,277 Shares of Uber Technologies, Inc. (NYSE:UBER)

Secure Asset Management LLC raised its position in Uber Technologies, Inc. (NYSE:UBER) by 47.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,058 shares of the ride-sharing company’s stock after purchasing an additional 2,277 shares during the quarter. Secure Asset Management LLC’s holdings in Uber Technologies were worth $514,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Fourth Dimension Wealth LLC bought a new position in Uber Technologies in the fourth quarter valued at about $27,000. Avion Wealth raised its position in shares of Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after acquiring an additional 218 shares during the last quarter. Transce3nd LLC bought a new position in shares of Uber Technologies during the fourth quarter worth about $27,000. Runnymede Capital Advisors Inc. bought a new position in shares of Uber Technologies during the fourth quarter worth about $28,000. Finally, GHP Investment Advisors Inc. raised its position in shares of Uber Technologies by 85.1% during the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 223 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on UBER. JMP Securities restated a “market perform” rating on shares of Uber Technologies in a research report on Thursday, May 15th. JPMorgan Chase & Co. raised their price objective on Uber Technologies from $92.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 20th. Fox Advisors downgraded Uber Technologies from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 11th. Evercore ISI lowered their price objective on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. Finally, Bank of America raised their price objective on Uber Technologies from $96.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Eleven research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $93.91.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $83.53 on Thursday. The business’s fifty day simple moving average is $79.90 and its 200 day simple moving average is $73.24. The firm has a market capitalization of $174.68 billion, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $93.60. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.33. The business had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Uber Technologies’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the company posted ($0.32) earnings per share. As a group, analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the sale, the insider now directly owns 102,135 shares in the company, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the sale, the chief financial officer now 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 83,788 shares of company stock worth $6,517,070. 3.84% of the stock is owned by company 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.