Integrated Advisors Network LLC Takes Position in Uber Technologies, Inc. (NYSE:UBER)

Integrated Advisors Network LLC purchased a new stake in Uber Technologies, Inc. (NYSE:UBERGet Rating) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,450 shares of the ride-sharing company’s stock, valued at approximately $301,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signaturefd LLC raised its position in Uber Technologies by 14.9% during the first quarter. Signaturefd LLC now owns 13,425 shares of the ride-sharing company’s stock valued at $479,000 after purchasing an additional 1,741 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in Uber Technologies during the first quarter valued at approximately $224,000. Whittier Trust Co. raised its position in Uber Technologies by 1,815.9% during the first quarter. Whittier Trust Co. now owns 10,940 shares of the ride-sharing company’s stock valued at $390,000 after purchasing an additional 10,369 shares in the last quarter. Latitude Advisors LLC raised its position in Uber Technologies by 34.5% during the first quarter. Latitude Advisors LLC now owns 11,280 shares of the ride-sharing company’s stock valued at $402,000 after purchasing an additional 2,892 shares in the last quarter. Finally, McDonald Partners LLC raised its position in Uber Technologies by 196,442.9% during the first quarter. McDonald Partners LLC now owns 13,758 shares of the ride-sharing company’s stock valued at $491,000 after purchasing an additional 13,751 shares in the last quarter. 72.58% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $23.30 on Friday. The firm’s 50-day moving average price is $22.69 and its 200-day moving average price is $29.98. Uber Technologies, Inc. has a 1-year low of $19.90 and a 1-year high of $48.88. The firm has a market capitalization of $45.75 billion, a P/E ratio of -7.06 and a beta of 1.31. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.96.

Uber Technologies (NYSE:UBERGet Rating) last announced its quarterly earnings data on Wednesday, May 4th. The ride-sharing company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.09. Uber Technologies had a negative net margin of 29.51% and a positive return on equity of 9.68%. The firm had revenue of $6.85 billion for the quarter, compared to analyst estimates of $6.10 billion. During the same quarter in the prior year, the business earned ($0.57) earnings per share. The business’s quarterly revenue was up 136.3% compared to the same quarter last year. Equities research analysts anticipate that Uber Technologies, Inc. will post -3.56 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Uber Technologies news, CEO Dara Khosrowshahi bought 200,000 shares of the stock in a transaction that occurred on Friday, May 6th. The shares were bought at an average price of $26.73 per share, for a total transaction of $5,346,000.00. Following the acquisition, the chief executive officer now directly owns 1,420,968 shares of the company’s stock, valued at approximately $37,982,474.64. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.06% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

UBER has been the subject of several research analyst reports. Wedbush restated an “outperform” rating and set a $38.00 price objective on shares of Uber Technologies in a research report on Wednesday, June 29th. Cowen lowered their price target on shares of Uber Technologies from $80.00 to $72.00 in a report on Thursday, May 5th. Jefferies Financial Group lowered their price target on shares of Uber Technologies from $65.00 to $50.00 in a report on Tuesday, May 31st. JPMorgan Chase & Co. lowered their price target on shares of Uber Technologies from $60.00 to $48.00 and set an “overweight” rating for the company in a report on Wednesday, June 29th. Finally, Barclays upped their price target on shares of Uber Technologies from $48.00 to $53.00 and gave the stock an “overweight” rating in a report on Wednesday, June 8th. One analyst has rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. According to MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and a consensus target price of $54.03.

About Uber Technologies

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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 connects riders and other consumers with restaurants, grocers, and other stores with delivery service providers for meal preparation, grocery, and other delivery services.

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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