LVW Advisors LLC Acquires Shares of 3,049 Uber Technologies, Inc. (NYSE:UBER)

LVW Advisors LLC acquired a new stake in 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 acquired 3,049 shares of the ride-sharing company’s stock, valued at approximately $235,000.

A number of other institutional investors also recently added to or reduced their stakes in UBER. Highlander Capital Management LLC lifted its position in shares of Uber Technologies by 100.0% during the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after acquiring an additional 250 shares during the period. Compagnie Lombard Odier SCmA raised its position in shares of Uber Technologies by 73.0% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 33,535 shares of the ride-sharing company’s stock worth $2,065,000 after purchasing an additional 14,153 shares during the last quarter. Financial Enhancement Group LLC acquired a new position in shares of Uber Technologies during the 4th quarter worth approximately $1,112,000. Fifth Third Bancorp raised its position in shares of Uber Technologies by 54.3% during the 4th quarter. Fifth Third Bancorp now owns 68,894 shares of the ride-sharing company’s stock worth $4,242,000 after purchasing an additional 24,247 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of Uber Technologies by 2.5% during the 4th quarter. US Bancorp DE now owns 995,783 shares of the ride-sharing company’s stock worth $61,310,000 after purchasing an additional 24,059 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Up 3.3 %

UBER stock opened at $72.68 on Monday. 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 1 year low of $40.09 and a 1 year high of $82.14. The company has a fifty day simple moving average of $67.90 and a 200 day simple moving average of $69.83. The firm has a market cap of $151.87 billion, a PE ratio of 117.23, a PEG ratio of 1.59 and a beta of 1.36.

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on UBER shares. Bank of America cut their price objective on Uber Technologies from $91.00 to $87.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Truist Financial boosted their price target on Uber Technologies from $90.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Loop Capital cut their price target on Uber Technologies from $88.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, May 16th. Moffett Nathanson reiterated a “buy” rating and issued a $92.00 price target on shares of Uber Technologies in a report on Thursday, April 11th. Finally, Citigroup boosted their price target on Uber Technologies from $93.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Two investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $84.41.

Insiders Place Their Bets

In other Uber Technologies 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 transaction of $1,978,760.00. Following the completion of the transaction, the insider now owns 96,945 shares of the company’s stock, valued at approximately $6,851,103.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s 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 sale, the chief executive officer now owns 1,656,996 shares of the company’s stock, valued at $109,245,746.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Tony West sold 28,000 shares of the company’s stock in a transaction dated 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 disclosure for this sale can be found here. Insiders sold a total of 635,984 shares of company stock valued at $42,258,297 in the last quarter. Insiders own 3.80% of the company’s stock.

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.