Wealthcare Advisory Partners LLC bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,243 shares of the ride-sharing company’s stock, valued at approximately $68,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of UBER. Regent Peak Wealth Advisors LLC acquired a new position in Uber Technologies during the 4th quarter worth approximately $25,000. DB Wealth Management Group LLC acquired a new position in Uber Technologies during the 4th quarter worth approximately $26,000. Atwood & Palmer Inc. acquired a new position in Uber Technologies during the 1st quarter worth approximately $27,000. Parkside Financial Bank & Trust grew its holdings in Uber Technologies by 245.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 553 shares of the ride-sharing company’s stock worth $28,000 after acquiring an additional 393 shares in the last quarter. Finally, Whittier Trust Co. acquired a new position in Uber Technologies during the 1st quarter worth approximately $30,000. Institutional investors own 70.59% of the company’s stock.
In related news, insider Tony West sold 6,500 shares of the company’s stock in a transaction that occurred on Monday, April 5th. The stock was sold at an average price of $57.31, for a total value of $372,515.00. Following the sale, the insider now owns 189,108 shares of the company’s stock, valued at approximately $10,837,779.48. The transaction was disclosed in a filing with the SEC, which is available through this link. 8.66% of the stock is currently owned by corporate insiders.
Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, February 10th. The ride-sharing company reported ($0.54) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.53) by ($0.01). The firm had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.56 billion. Uber Technologies had a negative return on equity of 43.27% and a negative net margin of 53.12%. Uber Technologies’s revenue was down 15.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.64) EPS. On average, equities analysts anticipate that Uber Technologies, Inc. will post -3.86 earnings per share for the current year.
Several brokerages have recently issued reports on UBER. Susquehanna upped their target price on shares of Uber Technologies from $45.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, February 11th. Stifel Nicolaus upped their target price on shares of Uber Technologies from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, February 4th. Oppenheimer upped their target price on shares of Uber Technologies from $62.00 to $79.00 and gave the company an “outperform” rating in a report on Thursday, February 11th. Barclays upped their target price on shares of Uber Technologies from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, April 28th. Finally, Evercore ISI restated an “outperform” rating and issued a $74.00 target price on shares of Uber Technologies in a report on Tuesday, April 13th. Four analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $66.16.
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 the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services and other forms of transportation services, including public transit, as well as connect riders and other consumers with restaurants, grocers, other stores, and delivery service providers for meal preparation, grocery, and other delivery services.
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