Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC increased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 28.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,833 shares of the ride-sharing company’s stock after buying an additional 3,550 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Uber Technologies were worth $1,154,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital Research Global Investors grew its stake in shares of Uber Technologies by 79.0% during the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company’s stock worth $7,125,728,000 after purchasing an additional 52,125,476 shares during the period. Norges Bank acquired a new stake in shares of Uber Technologies during the 4th quarter worth approximately $1,467,754,000. Boston Partners acquired a new stake in shares of Uber Technologies during the 4th quarter worth approximately $381,057,000. Toyota Motor Corp acquired a new stake in shares of Uber Technologies during the 4th quarter worth approximately $309,192,000. Finally, Jericho Capital Asset Management L.P. acquired a new stake in shares of Uber Technologies during the 4th quarter worth approximately $298,644,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Down 1.1%

NYSE UBER opened at $95.36 on Friday. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $97.72. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The business’s fifty day simple moving average is $88.47 and its 200-day simple moving average is $77.53. The firm has a market cap of $199.41 billion, a PE ratio of 16.70, a P/E/G ratio of 1.22 and a beta of 1.40.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.50 by $0.33. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The business had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the previous year, the firm earned ($0.32) EPS. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Raymond James Financial cut shares of Uber Technologies from a “strong-buy” rating to a “moderate buy” rating in a research note on Wednesday, June 18th. Loop Capital reaffirmed a “buy” rating and set a $105.00 price objective (up previously from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. TD Cowen dropped their price objective on shares of Uber Technologies from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. increased their target price on Uber Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday. Thirteen equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $96.12.

Insider Buying and Selling at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the sale, the chief financial officer directly owned 21,975 shares of the company’s stock, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the firm’s stock in a transaction dated 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 directly owned 102,135 shares of the company’s stock, 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. In the last quarter, insiders have sold 40,384 shares of company stock worth $3,496,071. Insiders own 3.84% of the company’s stock.

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.