EverSource Wealth Advisors LLC Acquires 190 Shares of Uber Technologies, Inc. (NYSE:UBER)

EverSource Wealth Advisors LLC grew its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.7% during the first quarter, Holdings Channel reports. The fund owned 7,354 shares of the ride-sharing company’s stock after purchasing an additional 190 shares during the period. EverSource Wealth Advisors LLC’s holdings in Uber Technologies were worth $566,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Westwood Holdings Group Inc. purchased a new stake in shares of Uber Technologies in the 1st quarter worth approximately $757,000. Soltis Investment Advisors LLC purchased a new stake in Uber Technologies during the 1st quarter valued at $238,000. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Uber Technologies in the 1st quarter worth $24,134,000. Invst LLC purchased a new position in shares of Uber Technologies in the 1st quarter worth $205,000. Finally, PGGM Investments purchased a new position in shares of Uber Technologies in the 1st quarter worth $686,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of NYSE UBER traded down $2.03 during mid-day trading on Friday, hitting $58.99. The stock had a trading volume of 27,654,556 shares, compared to its average volume of 16,050,067. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.21 and a current ratio of 1.21. The company has a 50 day moving average of $68.37 and a two-hundred day moving average of $70.92. Uber Technologies, Inc. has a twelve month low of $40.09 and a twelve month high of $82.14. The firm has a market cap of $123.26 billion, a PE ratio of 95.15, a PEG ratio of 1.37 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). The firm had revenue of $10.13 billion for the quarter, compared to analyst estimates of $10.09 billion. Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.08) EPS. Research analysts predict that Uber Technologies, Inc. will post 0.84 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In related news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $65.93, for a total value of $32,965,000.00. Following the completion of the sale, the chief executive officer now owns 1,656,996 shares in the company, valued at approximately $109,245,746.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $65.93, for a total value of $32,965,000.00. Following the completion of the sale, the chief executive officer now owns 1,656,996 shares in the company, valued at approximately $109,245,746.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tony West sold 89,234 shares of Uber Technologies stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $68.18, for a total transaction of $6,083,974.12. Following the completion of the sale, the insider now owns 124,945 shares of the company’s stock, valued at approximately $8,518,750.10. The disclosure for this sale can be found here. Insiders sold 1,135,984 shares of company stock worth $78,213,297 in the last 90 days. Insiders own 3.84% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Piper Sandler raised their price target on Uber Technologies from $86.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 25th. Melius Research started coverage on Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $77.00 target price on the stock. Roth Mkm reiterated a “buy” rating and set a $89.00 target price (down from $91.00) on shares of Uber Technologies in a research report on Friday, May 10th. DA Davidson restated a “buy” rating and issued a $81.00 price objective on shares of Uber Technologies in a research report on Wednesday, May 8th. Finally, Citigroup lifted their target price on Uber Technologies from $93.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Four research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $86.76.

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.