Roberts Wealth Advisors LLC Takes Position in Uber Technologies, Inc. (NYSE:UBER)

Roberts Wealth Advisors LLC purchased a new stake in Uber Technologies, Inc. (NYSE:UBER) in the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 6,883 shares of the ride-sharing company’s stock, valued at approximately $505,000.

Other large investors have also recently made changes to their positions in the company. Financial Management Professionals Inc. lifted its holdings in shares of Uber Technologies by 111.6% in the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 202 shares during the last quarter. CVA Family Office LLC acquired a new position in shares of Uber Technologies in the 4th quarter worth approximately $30,000. Highlander Capital Management LLC lifted its holdings in shares of Uber Technologies by 100.0% in the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after acquiring an additional 250 shares during the last quarter. Bfsg LLC acquired a new position in shares of Uber Technologies in the 4th quarter worth approximately $31,000. Finally, Blue Bell Private Wealth Management LLC lifted its holdings in shares of Uber Technologies by 49.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after acquiring an additional 174 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Up 3.3 %

UBER stock opened at $72.68 on Monday. Uber Technologies, Inc. has a one year low of $40.09 and a one year high of $82.14. The stock has a market capitalization of $151.87 billion, a PE ratio of 117.23, a price-to-earnings-growth ratio of 1.59 and a beta of 1.36. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.21 and a current ratio of 1.21. The company has a fifty day moving average of $67.90 and a 200-day moving average of $69.83.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) 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 during the quarter, compared to analyst estimates of $10.09 billion. During the same quarter last year, the business posted ($0.08) EPS. The firm’s revenue was up 14.8% on a year-over-year basis. As a group, analysts expect that Uber Technologies, Inc. will post 0.85 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on UBER. BMO Capital Markets restated an “outperform” rating and issued a $92.00 price objective on shares of Uber Technologies in a report on Wednesday, May 15th. UBS Group reduced their target price on shares of Uber Technologies from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Citigroup increased their target price on shares of Uber Technologies from $93.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. DA Davidson reiterated a “buy” rating and set a $81.00 target price on shares of Uber Technologies in a report on Wednesday, May 8th. Finally, Tigress Financial increased their target price on shares of Uber Technologies from $72.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Two equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $84.41.

Insider Transactions at Uber Technologies

In related news, insider Tony West sold 28,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $70.67, for a total value of $1,978,760.00. Following the completion of the sale, the insider now owns 96,945 shares in the company, valued at $6,851,103.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’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 completion of the sale, 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 can be accessed through the SEC website. Also, insider Tony West sold 28,000 shares of the firm’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 owns 96,945 shares of the company’s stock, valued at approximately $6,851,103.15. The disclosure for this sale can be found here. In the last quarter, insiders sold 635,984 shares of company stock worth $42,258,297. Company insiders own 3.80% of the company’s stock.

Uber Technologies Company 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.