Clarity Wealth Advisors LLC Makes New Investment in Uber Technologies, Inc. $UBER

Clarity Wealth Advisors LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBER) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,263 shares of the ride-sharing company’s stock, valued at approximately $211,000.

Other institutional investors have also modified their holdings of the company. Hilltop National Bank acquired a new stake in Uber Technologies in the second quarter valued at $96,000. American Capital Advisory LLC boosted its position in shares of Uber Technologies by 47.8% in the 2nd quarter. American Capital Advisory LLC now owns 13,006 shares of the ride-sharing company’s stock worth $1,213,000 after buying an additional 4,204 shares in the last quarter. Teacher Retirement System of Texas grew its stake in Uber Technologies by 50.2% in the 2nd quarter. Teacher Retirement System of Texas now owns 548,051 shares of the ride-sharing company’s stock valued at $51,133,000 after acquiring an additional 183,085 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in Uber Technologies by 805.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 102,706 shares of the ride-sharing company’s stock valued at $7,483,000 after acquiring an additional 91,362 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its holdings in Uber Technologies by 42.7% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 759,077 shares of the ride-sharing company’s stock valued at $70,822,000 after acquiring an additional 226,960 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Trading Up 2.4%

Shares of UBER opened at $94.17 on Tuesday. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $101.99. The company has a market capitalization of $195.67 billion, a PE ratio of 12.10 and a beta of 1.46. The stock has a fifty day moving average of $95.47 and a two-hundred day moving average of $91.44. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Cantor Fitzgerald upped their price target on shares of Uber Technologies from $107.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. Wedbush cut their price objective on Uber Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Thursday, August 7th. UBS Group set a $122.00 target price on Uber Technologies and gave the company a “buy” rating in a report on Wednesday, November 5th. Morgan Stanley reissued an “overweight” rating and set a $115.00 price target (up previously from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. Finally, Guggenheim reduced their price objective on Uber Technologies from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $108.26.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,250 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the transaction, the insider directly owned 86,531 shares in the company, valued at $8,343,319.02. This represents a 26.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the completion of the sale, the senior vice president owned 416,222 shares of the company’s stock, valued at approximately $38,184,206.28. The trade was a 2.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 604,946 shares of company stock worth $58,950,116 in the last quarter. 3.70% of the stock is currently owned by corporate insiders.

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.