Strata Wealth Advisors LLC Reduces Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Strata Wealth Advisors LLC trimmed its position in Uber Technologies, Inc. (NYSE:UBER) by 2.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,874 shares of the ride-sharing company’s stock after selling 275 shares during the period. Strata Wealth Advisors LLC’s holdings in Uber Technologies were worth $718,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of UBER. Wealthspire Advisors LLC boosted its position in Uber Technologies by 0.6% during the second quarter. Wealthspire Advisors LLC now owns 24,893 shares of the ride-sharing company’s stock worth $1,809,000 after acquiring an additional 151 shares during the last quarter. Hilltop Holdings Inc. grew its position in shares of Uber Technologies by 2.9% in the fourth quarter. Hilltop Holdings Inc. now owns 5,634 shares of the ride-sharing company’s stock valued at $347,000 after purchasing an additional 157 shares during the period. Sivia Capital Partners LLC increased its stake in Uber Technologies by 3.3% in the first quarter. Sivia Capital Partners LLC now owns 4,882 shares of the ride-sharing company’s stock valued at $376,000 after purchasing an additional 157 shares during the last quarter. Wellington Shields Capital Management LLC lifted its position in Uber Technologies by 6.1% during the first quarter. Wellington Shields Capital Management LLC now owns 2,756 shares of the ride-sharing company’s stock worth $212,000 after buying an additional 159 shares during the period. Finally, Industrial Alliance Investment Management Inc. boosted its stake in Uber Technologies by 3.2% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 5,170 shares of the ride-sharing company’s stock worth $398,000 after buying an additional 160 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. JMP Securities increased their price objective on shares of Uber Technologies from $75.00 to $80.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 7th. Cantor Fitzgerald restated an “overweight” rating and set a $90.00 target price on shares of Uber Technologies in a report on Monday. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a report on Wednesday, August 7th. Wolfe Research began coverage on Uber Technologies in a research note on Tuesday, July 16th. They set an “outperform” rating and a $90.00 price objective on the stock. Finally, Piper Sandler increased their target price on Uber Technologies from $86.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, June 25th. Four investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $87.60.

Uber Technologies Stock Up 1.0 %

Shares of NYSE:UBER opened at $74.69 on Tuesday. The company’s fifty day moving average is $69.65 and its two-hundred day moving average is $70.63. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21. Uber Technologies, Inc. has a 1-year low of $40.09 and a 1-year high of $82.14. The stock has a market capitalization of $156.07 billion, a price-to-earnings ratio of 120.47, a price-to-earnings-growth ratio of 1.27 and a beta of 1.33.

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

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the sale, the insider now directly owns 127,352 shares in the company, valued at $9,169,344. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the sale, the insider now owns 127,352 shares of the company’s stock, valued at $9,169,344. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $71.91, for a total value of $35,955,000.00. Following the completion of 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 disclosure for this sale can be found here. Insiders own 3.84% 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.