WCG Wealth Advisors LLC Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

WCG Wealth Advisors LLC bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,845 shares of the ride-sharing company’s stock, valued at approximately $861,000.

Several other institutional investors have also recently made changes to their positions in UBER. GHP Investment Advisors Inc. raised its holdings in shares of Uber Technologies by 222.7% during the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 245 shares during the last quarter. Financial Management Professionals Inc. raised 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 worth $29,000 after purchasing an additional 202 shares during the last quarter. WR Wealth Planners LLC raised its holdings in shares of Uber Technologies by 563.9% during the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 344 shares during the last quarter. J.Safra Asset Management Corp purchased a new position in shares of Uber Technologies during the first quarter worth $32,000. Finally, MCF Advisors LLC raised its holdings in shares of Uber Technologies by 1,038.5% during the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 405 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on UBER. The Goldman Sachs Group raised their price target on shares of Uber Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Wolfe Research began coverage on shares of Uber Technologies in a research report on Tuesday, July 16th. They set an “outperform” rating and a $90.00 price target on the stock. Evercore ISI raised their price target on shares of Uber Technologies from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. TD Cowen raised their price target on shares of Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Finally, Bank of America restated a “buy” rating and set a $88.00 price target on shares of Uber Technologies in a research report on Friday, August 23rd. Four investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and a consensus target price of $87.60.

Insiders Place Their Bets

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the transaction, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the transaction, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the sale, the insider now directly owns 127,352 shares in the company, valued at $9,169,344. The disclosure for this sale can be found here. 3.84% of the stock is owned by insiders.

Uber Technologies Stock Performance

NYSE:UBER opened at $75.24 on Friday. The company’s 50-day moving average price is $69.57 and its 200-day moving average price is $70.82. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. The company has a market cap of $157.22 billion, a P/E ratio of 121.35, a P/E/G ratio of 1.27 and a beta of 1.33. Uber Technologies, Inc. has a twelve month low of $40.09 and a twelve month high of $82.14.

Uber Technologies (NYSE:UBER) last issued its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The company had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.57 billion. During the same period in the previous year, the firm earned $0.18 earnings per share. Uber Technologies’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, sell-side analysts forecast that Uber Technologies, Inc. will post 1.06 earnings per share for the current fiscal year.

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.