Valeo Financial Advisors LLC Grows Stake in Uber Technologies, Inc. (NYSE:UBER)

Valeo Financial Advisors LLC raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 19.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,524 shares of the ride-sharing company’s stock after purchasing an additional 3,935 shares during the period. Valeo Financial Advisors LLC’s holdings in Uber Technologies were worth $1,888,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Financial Management Professionals Inc. grew its holdings in shares of Uber Technologies by 111.6% during the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 202 shares during the last quarter. CVA Family Office LLC purchased a new stake in Uber Technologies during the 4th quarter valued at about $30,000. Highlander Capital Management LLC increased its holdings in shares of Uber Technologies by 100.0% in the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after purchasing an additional 250 shares during the period. Bfsg LLC purchased a new position in shares of Uber Technologies in the fourth quarter worth about $31,000. Finally, Blue Bell Private Wealth Management LLC raised 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 purchasing an additional 174 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insiders Place Their Bets

In other news, insider Tony West sold 18,750 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $65.63, for a total value of $1,230,562.50. Following the completion of the sale, the insider now directly owns 206,338 shares in the company, valued at $13,541,962.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies 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 transaction, the chief executive officer now owns 1,656,996 shares in the company, valued at $109,245,746.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Tony West sold 18,750 shares of the business’s stock in a transaction 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 in the company, valued at approximately $13,541,962.94. The disclosure for this sale can be found here. Insiders have sold a total of 635,984 shares of company stock valued at $42,258,297 in the last 90 days. 3.80% of the stock is owned by insiders.

Uber Technologies Price Performance

NYSE:UBER opened at $71.27 on Thursday. The stock has a 50 day moving average of $67.98 and a two-hundred day moving average of $69.96. Uber Technologies, Inc. has a 12 month low of $40.09 and a 12 month high of $82.14. The firm has a market cap of $148.92 billion, a P/E ratio of 114.95, a price-to-earnings-growth ratio of 1.54 and a beta of 1.36. 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 (NYSE:UBER) last issued its quarterly earnings results 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 analyst estimates of $10.09 billion. During the same period in the prior year, the firm earned ($0.08) earnings per share. The business’s revenue was up 14.8% on a year-over-year basis. On average, analysts expect that Uber Technologies, Inc. will post 0.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

UBER has been the topic of a number of recent research reports. Jefferies Financial Group dropped their target price on Uber Technologies from $103.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Piper Sandler raised their target price on shares of Uber Technologies from $86.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, June 25th. Truist Financial upped their price target on shares of Uber Technologies from $90.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Wells Fargo & Company lifted their price objective on Uber Technologies from $89.00 to $91.00 and gave the company an “overweight” rating in a research note on Friday, June 28th. Finally, Roth Mkm restated a “buy” rating and issued a $89.00 target price (down previously from $91.00) on shares of Uber Technologies in a research note on Friday, May 10th. Two research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus 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.