2,529 Shares in Uber Technologies, Inc. $UBER Acquired by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBER) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,529 shares of the ride-sharing company’s stock, valued at approximately $236,000.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in Uber Technologies by 3.4% in the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after buying an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after acquiring an additional 6,129 shares during the last quarter. Bison Wealth LLC lifted its stake in shares of Uber Technologies by 20.3% in the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock worth $229,000 after acquiring an additional 641 shares in the last quarter. IFP Advisors Inc boosted its holdings in Uber Technologies by 17.4% in the first quarter. IFP Advisors Inc now owns 40,486 shares of the ride-sharing company’s stock valued at $2,950,000 after purchasing an additional 6,009 shares during the last quarter. Finally, J.W. Cole Advisors Inc. grew its stake in Uber Technologies by 5.4% during the 1st quarter. J.W. Cole Advisors Inc. now owns 34,371 shares of the ride-sharing company’s stock valued at $2,504,000 after purchasing an additional 1,766 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 31,250 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total value of $3,013,125.00. Following the sale, the insider directly owned 86,531 shares of the company’s stock, valued at $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Tony West sold 100,000 shares of the firm’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $100.38, for a total value of $10,038,000.00. Following the completion of the sale, the insider owned 171,558 shares in the company, valued at $17,220,992.04. The trade was a 36.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 602,000 shares of company stock valued at $58,695,660 in the last 90 days. Corporate insiders own 3.70% of the company’s stock.

Uber Technologies Price Performance

UBER opened at $90.92 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. The company’s 50-day moving average price is $95.37 and its 200 day moving average price is $91.94. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $101.99. The firm has a market cap of $188.92 billion, a price-to-earnings ratio of 11.69 and a beta of 1.46.

Uber Technologies (NYSE:UBER) last posted its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, beating the consensus estimate of $0.67 by $2.44. The company had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.25 billion. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The business’s revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.20 earnings per share. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on UBER. Sanford C. Bernstein upped their target price on Uber Technologies from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. BTIG Research reaffirmed a “buy” rating and issued a $100.00 price target on shares of Uber Technologies in a report on Tuesday, November 4th. Piper Sandler set a $107.00 price objective on shares of Uber Technologies in a report on Wednesday, November 5th. The Goldman Sachs Group reissued a “buy” rating on shares of Uber Technologies in a research report on Wednesday, November 5th. Finally, Royal Bank Of Canada set a $110.00 target price on shares of Uber Technologies in a research note on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.26.

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.