Aviance Capital Partners LLC Takes Position in Uber Technologies, Inc. (NYSE:UBER)

Aviance Capital Partners LLC bought a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,805 shares of the ride-sharing company’s stock, valued at approximately $447,000.

A number of other large investors have also recently modified their holdings of UBER. Hilltop Holdings Inc. lifted its position in Uber Technologies by 2.9% during the 4th quarter. Hilltop Holdings Inc. now owns 5,634 shares of the ride-sharing company’s stock valued at $347,000 after acquiring an additional 157 shares during the period. Drive Wealth Management LLC raised its holdings in Uber Technologies by 3.6% in the fourth quarter. Drive Wealth Management LLC now owns 4,691 shares of the ride-sharing company’s stock worth $289,000 after buying an additional 163 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its stake in shares of Uber Technologies by 49.7% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after buying an additional 174 shares in the last quarter. Cigna Investments Inc. New lifted its stake in shares of Uber Technologies by 0.9% in the fourth quarter. Cigna Investments Inc. New now owns 20,743 shares of the ride-sharing company’s stock worth $1,277,000 after buying an additional 178 shares in the last quarter. Finally, Procyon Advisors LLC lifted its stake in shares of Uber Technologies by 3.6% in the fourth quarter. Procyon Advisors LLC now owns 5,258 shares of the ride-sharing company’s stock worth $324,000 after buying an additional 182 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on UBER. UBS Group dropped their target price on shares of Uber Technologies from $100.00 to $95.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Wedbush restated an “outperform” rating and set a $85.00 price objective on shares of Uber Technologies in a research report on Wednesday, May 8th. Piper Sandler increased their price objective on shares of Uber Technologies from $86.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, June 25th. Loop Capital lowered their price objective on shares of Uber Technologies from $88.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, May 16th. Finally, Moffett Nathanson restated a “buy” rating and set a $92.00 price objective on shares of Uber Technologies in a research report on Thursday, April 11th. Two equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $84.41.

Uber Technologies Stock Down 3.6 %

NYSE UBER traded down $2.64 during trading on Monday, reaching $70.04. 3,163,950 shares of the company’s stock traded hands, compared to its average volume of 19,334,537. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market cap of $146.35 billion, a price-to-earnings ratio of 117.23, a price-to-earnings-growth ratio of 1.59 and a beta of 1.36. The company’s 50 day simple moving average is $67.90 and its two-hundred day simple moving average is $69.83. Uber Technologies, Inc. has a 12-month low of $40.09 and a 12-month high of $82.14.

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

Insider Buying and Selling

In other Uber Technologies news, insider Tony West sold 28,000 shares of Uber Technologies stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the completion of the sale, the insider now directly owns 96,945 shares in the company, valued at approximately $6,851,103.15. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Tony West sold 28,000 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $70.67, for a total value of $1,978,760.00. Following the completion of the transaction, the insider now directly owns 96,945 shares in the company, valued at approximately $6,851,103.15. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now owns 1,656,996 shares of the company’s stock, valued at $109,245,746.28. The disclosure for this sale can be found here. Insiders sold 635,984 shares of company stock worth $42,258,297 in the last three months. Corporate insiders own 3.80% of the company’s stock.

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.