Independent Advisor Alliance Acquires 1,659 Shares of Uber Technologies, Inc. (NYSE:UBER)

Independent Advisor Alliance raised its position in Uber Technologies, Inc. (NYSE:UBER) by 4.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,202 shares of the ride-sharing company’s stock after acquiring an additional 1,659 shares during the quarter. Independent Advisor Alliance’s holdings in Uber Technologies were worth $3,148,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Transce3nd LLC purchased a new stake in Uber Technologies in the fourth quarter worth about $27,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Uber Technologies during the fourth quarter worth about $27,000. Kozak & Associates Inc. grew its position in shares of Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock worth $27,000 after purchasing an additional 223 shares in the last quarter. Noble Wealth Management PBC purchased a new stake in shares of Uber Technologies during the first quarter worth about $27,000. Finally, Vision Financial Markets LLC purchased a new stake in shares of Uber Technologies during the first quarter worth about $27,000. Institutional investors own 80.24% of the company’s stock.

Insider Activity

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the transaction, the chief financial officer directly owned 21,975 shares in the company, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on UBER shares. Tigress Financial set a $110.00 target price on Uber Technologies and gave the stock a “buy” rating in a research report on Friday, May 23rd. Morgan Stanley reiterated an “overweight” rating and set a $115.00 target price (up previously from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. Wall Street Zen lowered Uber Technologies from a “buy” rating to a “hold” rating in a research note on Saturday. KeyCorp increased their price target on Uber Technologies from $90.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, July 14th. Finally, The Goldman Sachs Group increased their price target on Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Eleven research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $102.82.

Uber Technologies Trading Up 1.2%

UBER opened at $90.63 on Tuesday. The stock’s fifty day moving average is $89.58 and its two-hundred day moving average is $81.40. The company has a market capitalization of $189.00 billion, a P/E ratio of 15.44, a PEG ratio of 1.03 and a beta of 1.43. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $97.71. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41.

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