Wealth Enhancement Advisory Services LLC Has $14.07 Million Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Wealth Enhancement Advisory Services LLC boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 14.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 182,700 shares of the ride-sharing company’s stock after purchasing an additional 22,709 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Uber Technologies were worth $14,066,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of UBER. CVA Family Office LLC bought a new position in Uber Technologies during the fourth quarter valued at about $30,000. Highlander Capital Management LLC raised its holdings in Uber Technologies by 100.0% during the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after buying an additional 250 shares in the last quarter. Bfsg LLC bought a new position in Uber Technologies during the fourth quarter valued at about $31,000. Blue Bell Private Wealth Management LLC raised its holdings in Uber Technologies by 49.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock valued at $32,000 after buying an additional 174 shares in the last quarter. Finally, GW&K Investment Management LLC bought a new position in Uber Technologies during the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Up 3.3 %

NYSE UBER opened at $72.64 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.80. The stock’s 50 day moving average is $67.90 and its two-hundred day moving average is $69.73. The company has a market capitalization of $151.78 billion, a price-to-earnings ratio of 117.16, a PEG ratio of 1.54 and a beta of 1.37. Uber Technologies, Inc. has a 1-year low of $40.09 and a 1-year high of $82.14.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.53). The business had revenue of $10.13 billion during the quarter, compared to analyst estimates of $10.09 billion. Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The firm’s revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.08) earnings per share. Equities analysts forecast that Uber Technologies, Inc. will post 0.85 earnings per share for the current fiscal year.

Insider Transactions at Uber Technologies

In other news, insider Tony West sold 18,750 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $65.63, for a total value of $1,230,562.50. Following the transaction, the insider now directly owns 206,338 shares of the company’s stock, valued at approximately $13,541,962.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Tony West sold 18,750 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $65.63, for a total value of $1,230,562.50. Following the transaction, the insider now directly owns 206,338 shares of the company’s stock, valued at approximately $13,541,962.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the completion of the transaction, the chief executive officer now owns 1,656,996 shares of the company’s stock, valued at approximately $109,245,746.28. The disclosure for this sale can be found here. Insiders have sold 635,984 shares of company stock valued at $42,258,297 in the last three months. 3.84% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of recent analyst reports. Oppenheimer reiterated an “outperform” rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, June 5th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, May 8th. Jefferies Financial Group dropped their price objective on Uber Technologies from $103.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. DA Davidson reiterated a “buy” rating and issued a $81.00 price objective on shares of Uber Technologies in a research note on Wednesday, May 8th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $80.00 price objective on shares of Uber Technologies in a research note on Tuesday, May 28th. Two investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $84.41.

About Uber Technologies

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.