J.W. Cole Advisors Inc. Grows Stock Holdings in Uber Technologies, Inc. $UBER

J.W. Cole Advisors Inc. lifted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 57.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,208 shares of the ride-sharing company’s stock after acquiring an additional 19,837 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Uber Technologies were worth $5,058,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. boosted its stake in shares of Uber Technologies by 41.0% in the first quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company’s stock worth $31,000 after buying an additional 125 shares during the last quarter. Atticus Wealth Management LLC lifted its holdings in Uber Technologies by 39.8% in the second quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company’s stock valued at $42,000 after acquiring an additional 127 shares during the period. Sound View Wealth Advisors Group LLC boosted its position in Uber Technologies by 4.4% in the 2nd quarter. Sound View Wealth Advisors Group LLC now owns 3,051 shares of the ride-sharing company’s stock worth $285,000 after purchasing an additional 129 shares in the last quarter. Clearstead Trust LLC grew its stake in shares of Uber Technologies by 0.5% during the 2nd quarter. Clearstead Trust LLC now owns 25,981 shares of the ride-sharing company’s stock worth $2,424,000 after purchasing an additional 130 shares during the period. Finally, Dorsey & Whitney Trust CO LLC increased its holdings in shares of Uber Technologies by 0.7% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 18,883 shares of the ride-sharing company’s stock valued at $1,762,000 after purchasing an additional 132 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Truist Financial raised their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Piper Sandler set a $107.00 target price on Uber Technologies in a research report on Wednesday, November 5th. Wells Fargo & Company lowered their price target on Uber Technologies from $125.00 to $120.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Guggenheim dropped their price objective on Uber Technologies from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Finally, Mizuho began coverage on Uber Technologies in a research note on Monday, September 29th. They set an “outperform” rating and a $130.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.26.

Insiders Place Their Bets

In other news, insider Tony West sold 3,125 shares of the stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $92.10, for a total value of $287,812.50. Following the completion of the sale, the insider directly owned 174,135 shares in the company, valued at $16,037,833.50. This represents a 1.76% 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, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total transaction of $519,255.00. Following the completion of the transaction, the chief financial officer directly owned 20,330 shares in the company, valued at approximately $1,919,355.30. This represents a 21.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 567,625 shares of company stock valued at $55,385,660 in the last 90 days. 3.84% of the stock is owned by insiders.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $85.79 on Thursday. The stock has a market capitalization of $178.26 billion, a P/E ratio of 11.03 and a beta of 1.46. The business has a 50 day simple moving average of $94.07 and a two-hundred day simple moving average of $91.92. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $101.99. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.15.

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

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.