Opal Wealth Advisors LLC Reduces Stake in Uber Technologies, Inc. (NYSE:UBER)

Opal Wealth Advisors LLC reduced its position in Uber Technologies, Inc. (NYSE:UBER) by 16.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,409 shares of the ride-sharing company’s stock after selling 1,489 shares during the period. Opal Wealth Advisors LLC’s holdings in Uber Technologies were worth $540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Byrne Asset Management LLC boosted its stake in shares of Uber Technologies by 1,333.3% in the 1st quarter. Byrne Asset Management LLC now owns 516 shares of the ride-sharing company’s stock worth $38,000 after buying an additional 480 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its stake in shares of Uber Technologies by 3,515.4% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 103,040 shares of the ride-sharing company’s stock worth $7,507,000 after buying an additional 100,190 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Uber Technologies by 44.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 217,196 shares of the ride-sharing company’s stock worth $15,825,000 after buying an additional 66,783 shares during the last quarter. Tritonpoint Wealth LLC purchased a new position in shares of Uber Technologies in the 1st quarter worth $278,000. Finally, Stock Yards Bank & Trust Co. boosted its stake in shares of Uber Technologies by 8.6% in the 1st quarter. Stock Yards Bank & Trust Co. now owns 4,145 shares of the ride-sharing company’s stock worth $302,000 after buying an additional 329 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. UBS Group lifted their target price on Uber Technologies from $103.00 to $107.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. lifted their target price on Uber Technologies from $92.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, May 20th. Arete Research upgraded Uber Technologies to a “hold” rating in a research report on Tuesday, February 18th. Stifel Nicolaus assumed coverage on Uber Technologies in a research report on Wednesday. They set a “buy” rating and a $110.00 target price on the stock. Finally, Truist Financial lifted their target price on Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, March 6th. Twelve research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and an average target price of $94.39.

Insiders Place Their Bets

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the sale, the chief financial officer now directly owns 21,063 shares of the company’s stock, valued at $1,790,355. The trade was a 11.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the sale, the insider now directly owns 102,135 shares in the company, valued at $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,384 shares of company stock valued at $3,441,071 over the last ninety days. 3.84% of the stock is owned by insiders.

Uber Technologies Trading Down 2.1%

Shares of UBER stock opened at $83.81 on Friday. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $93.60. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The stock’s 50-day moving average price is $82.19 and its 200-day moving average price is $73.97. The stock has a market capitalization of $175.26 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.33. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The company had revenue of $11.53 billion for the quarter, compared to analysts’ expectations of $11.61 billion. During the same period in the previous year, the firm posted ($0.32) earnings per share. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. Equities research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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.