Kestra Advisory Services LLC Raises Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Kestra Advisory Services LLC grew its holdings in Uber Technologies, Inc. (NYSE:UBER) by 17.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 168,506 shares of the ride-sharing company’s stock after buying an additional 25,472 shares during the period. Kestra Advisory Services LLC’s holdings in Uber Technologies were worth $12,973,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in UBER. LRI Investments LLC bought a new stake in shares of Uber Technologies in the 1st quarter worth about $328,000. 1832 Asset Management L.P. lifted its holdings in Uber Technologies by 6.4% during the 1st quarter. 1832 Asset Management L.P. now owns 6,216,182 shares of the ride-sharing company’s stock valued at $478,584,000 after buying an additional 372,353 shares in the last quarter. Quadrature Capital Ltd raised its holdings in shares of Uber Technologies by 45.5% in the 1st quarter. Quadrature Capital Ltd now owns 596,622 shares of the ride-sharing company’s stock valued at $45,922,000 after purchasing an additional 186,444 shares in the last quarter. Gabelli Funds LLC lifted its position in Uber Technologies by 5,013.5% during the first quarter. Gabelli Funds LLC now owns 252,862 shares of the ride-sharing company’s stock valued at $19,468,000 after acquiring an additional 247,917 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its position in Uber Technologies by 1,381.5% during the first quarter. Gamco Investors INC. ET AL now owns 61,334 shares of the ride-sharing company’s stock valued at $4,722,000 after acquiring an additional 57,194 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on UBER shares. Wolfe Research started coverage on shares of Uber Technologies in a research report on Tuesday, July 16th. They set an “outperform” rating and a $90.00 target price for the company. Bank of America cut their price target on shares of Uber Technologies from $91.00 to $87.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Loop Capital cut their price target on shares of Uber Technologies from $88.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, May 16th. Royal Bank of Canada reissued an “outperform” rating and set a $80.00 price target on shares of Uber Technologies in a report on Tuesday, May 28th. Finally, Piper Sandler increased their price target 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. Four investment analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $85.97.

Uber Technologies Trading Up 0.7 %

Uber Technologies stock traded up $0.45 during midday trading on Monday, hitting $64.85. 1,478,924 shares of the stock were exchanged, compared to its average volume of 18,758,119. Uber Technologies, Inc. has a fifty-two week low of $40.09 and a fifty-two week high of $82.14. The stock has a market capitalization of $135.51 billion, a price-to-earnings ratio of 103.97, a PEG ratio of 1.41 and a beta of 1.36. The stock’s 50-day simple moving average is $68.58 and its 200 day simple moving average is $71.06. 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 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). 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 for the quarter, compared to analyst estimates of $10.09 billion. During the same quarter in the previous year, the business posted ($0.08) earnings per share. Uber Technologies’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, equities analysts anticipate that Uber Technologies, Inc. will post 0.85 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In related news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction that occurred on 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 completion of 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 Securities & Exchange Commission, which is available at the SEC website. In related news, insider Tony West sold 89,234 shares of Uber Technologies stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $68.18, for a total value of $6,083,974.12. Following the completion of the transaction, the insider now owns 124,945 shares in the company, valued at $8,518,750.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the chief executive officer now owns 1,656,996 shares of the company’s stock, valued at approximately $109,245,746.28. The disclosure for this sale can be found here. Insiders sold a total of 1,135,984 shares of company stock worth $78,213,297 over the last three months. Insiders own 3.84% 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.