Advyzon Investment Management LLC Boosts Stake in Uber Technologies, Inc. $UBER

Advyzon Investment Management LLC increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 36.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,918 shares of the ride-sharing company’s stock after buying an additional 1,053 shares during the quarter. Advyzon Investment Management LLC’s holdings in Uber Technologies were worth $366,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in UBER. West Oak Capital LLC acquired a new stake in shares of Uber Technologies in the second quarter worth $28,000. Trust Co. of Toledo NA OH acquired a new stake in Uber Technologies during the second quarter valued at $30,000. Vision Financial Markets LLC purchased a new position in Uber Technologies in the first quarter valued at $27,000. Truvestments Capital LLC raised its position in shares of Uber Technologies by 498.5% in the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after acquiring an additional 339 shares during the period. Finally, REAP Financial Group LLC raised its position in shares of Uber Technologies by 158.2% in the second quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock worth $38,000 after acquiring an additional 250 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Performance

NYSE UBER opened at $93.59 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15. The stock’s fifty day moving average is $95.48 and its two-hundred day moving average is $91.55. The firm has a market capitalization of $194.47 billion, a P/E ratio of 12.03 and a beta of 1.46. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $101.99.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, topping the consensus estimate of $0.67 by $2.44. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The business had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.25 billion. During the same quarter in the previous year, the firm earned $1.20 EPS. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. On average, research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on UBER. Mizuho started coverage on Uber Technologies in a report on Monday, September 29th. They issued an “outperform” rating and a $130.00 price target for the company. Guggenheim cut their price objective on Uber Technologies from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Susquehanna reiterated a “positive” rating and set a $110.00 target price on shares of Uber Technologies in a research report on Wednesday, November 5th. Barclays cut their price target on shares of Uber Technologies from $110.00 to $107.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Finally, Wells Fargo & Company dropped their target price on shares of Uber Technologies from $125.00 to $120.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $108.26.

Insiders Place Their Bets

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total value of $273,405.00. Following the completion of the transaction, the chief financial officer directly owned 22,528 shares in the company, valued at approximately $2,239,733.76. This represents a 10.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jill Hazelbaker sold 31,250 shares of Uber Technologies stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the completion of the sale, the insider owned 86,531 shares in the company, valued at $8,343,319.02. This represents a 26.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 604,946 shares of company stock worth $58,950,116. 3.70% of the stock is currently owned by company insiders.

Uber Technologies Company 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.