Toth Financial Advisory Corp Lowers Holdings in Uber Technologies, Inc. (NYSE:UBER)

Toth Financial Advisory Corp decreased its position in Uber Technologies, Inc. (NYSE:UBER) by 23.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,666 shares of the ride-sharing company’s stock after selling 3,968 shares during the period. Toth Financial Advisory Corp’s holdings in Uber Technologies were worth $975,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of UBER. Dark Forest Capital Management LP raised its stake in Uber Technologies by 62.2% in the third quarter. Dark Forest Capital Management LP now owns 7,846 shares of the ride-sharing company’s stock worth $361,000 after buying an additional 3,009 shares in the last quarter. Natixis Advisors L.P. raised its stake in Uber Technologies by 31.8% in the third quarter. Natixis Advisors L.P. now owns 21,206 shares of the ride-sharing company’s stock worth $975,000 after buying an additional 5,120 shares in the last quarter. Morningstar Investment Services LLC bought a new position in Uber Technologies in the third quarter worth approximately $211,000. Ancora Advisors LLC raised its stake in Uber Technologies by 5.9% in the third quarter. Ancora Advisors LLC now owns 4,904 shares of the ride-sharing company’s stock worth $226,000 after buying an additional 275 shares in the last quarter. Finally, Fred Alger Management LLC raised its stake in Uber Technologies by 57.2% in the third quarter. Fred Alger Management LLC now owns 1,157,381 shares of the ride-sharing company’s stock worth $53,228,000 after buying an additional 421,360 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on UBER shares. Oppenheimer reaffirmed an “outperform” rating and set a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, June 5th. Wedbush reaffirmed an “outperform” rating and set a $85.00 price target on shares of Uber Technologies in a research report on Wednesday, May 8th. BMO Capital Markets reaffirmed an “outperform” rating and set a $92.00 price target on shares of Uber Technologies in a research report on Wednesday, May 15th. Argus upped their price target on Uber Technologies from $69.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Finally, Bank of America cut their target price on Uber Technologies from $91.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Two research 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 company has an average rating of “Moderate Buy” and a consensus target price of $84.41.

Uber Technologies Stock Up 3.3 %

UBER stock opened at $72.68 on Friday. The company has a market cap of $151.87 billion, a price-to-earnings ratio of 117.23, a PEG ratio of 1.59 and a beta of 1.37. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.80. Uber Technologies, Inc. has a 12 month low of $40.09 and a 12 month high of $82.14. The firm has a 50-day moving average of $67.90 and a two-hundred day moving average of $69.78.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 3.60% and a return on equity of 12.81%. The firm’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.08) EPS. As a group, analysts forecast that Uber Technologies, Inc. will post 0.85 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $65.93, for a total value of $32,965,000.00. Following the completion of the sale, the chief executive officer now owns 1,656,996 shares in the company, valued at approximately $109,245,746.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the completion of the sale, the chief executive officer now owns 1,656,996 shares in the company, valued at approximately $109,245,746.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tony West sold 28,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the sale, the insider now owns 96,945 shares of the company’s stock, valued at approximately $6,851,103.15. The disclosure for this sale can be found here. In the last quarter, insiders sold 635,984 shares of company stock worth $42,258,297. Insiders own 3.84% of the company’s stock.

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.