Avidian Wealth Enterprises LLC Sells 176 Shares of Uber Technologies, Inc. $UBER

Avidian Wealth Enterprises LLC reduced its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,156 shares of the ride-sharing company’s stock after selling 176 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Uber Technologies were worth $574,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. West Oak Capital LLC bought a new stake in Uber Technologies during the 2nd quarter valued at about $28,000. Trust Co. of Toledo NA OH bought a new stake in Uber Technologies during the 2nd quarter valued at about $30,000. Vision Financial Markets LLC bought a new stake in Uber Technologies during the 1st quarter valued at about $27,000. Truvestments Capital LLC increased its stake in Uber Technologies by 498.5% during the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after purchasing an additional 339 shares in the last quarter. Finally, REAP Financial Group LLC increased its stake in Uber Technologies by 158.2% during the 2nd quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock valued at $38,000 after purchasing an additional 250 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Stock Performance

UBER opened at $92.11 on Thursday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The company has a market cap of $192.09 billion, a price-to-earnings ratio of 15.69 and a beta of 1.48. The company’s 50 day moving average is $95.33 and its 200 day moving average is $88.98. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The company had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The firm’s revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 earnings per share. On average, equities research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 31,250 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the transaction, the insider owned 86,531 shares of the company’s stock, valued at approximately $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Tony West sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the completion of the transaction, the insider directly owned 171,558 shares in the company, valued at approximately $17,220,992.04. The trade was a 36.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 604,946 shares of company stock valued at $58,950,116 in the last 90 days. 3.84% of the stock is owned by insiders.

Wall Street Analyst Weigh In

UBER has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Uber Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Mizuho assumed coverage on shares of Uber Technologies in a research note on Monday, September 29th. They issued an “outperform” rating and a $130.00 price target for the company. Morgan Stanley reiterated an “overweight” rating and issued a $115.00 price target (up from $95.00) on shares of Uber Technologies in a research note on Monday, July 21st. UBS Group lifted their price target on shares of Uber Technologies from $115.00 to $117.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Finally, Needham & Company LLC lifted their price target on shares of Uber Technologies from $100.00 to $109.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $105.70.

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.