B. Riley Wealth Advisors Inc. Buys Shares of 166,234 Uber Technologies, Inc. $UBER

B. Riley Wealth Advisors Inc. purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 166,234 shares of the ride-sharing company’s stock, valued at approximately $15,510,000. Uber Technologies accounts for about 0.7% of B. Riley Wealth Advisors Inc.’s investment portfolio, making the stock its 19th biggest holding.

Several other institutional investors and hedge funds have also modified their holdings of the business. Nova Wealth Management Inc. increased its position in shares of Uber Technologies by 41.0% in the first quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company’s stock valued at $31,000 after acquiring an additional 125 shares during the last quarter. Atticus Wealth Management LLC boosted its position in Uber Technologies by 39.8% during the second quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company’s stock valued at $42,000 after purchasing an additional 127 shares during the last quarter. Sound View Wealth Advisors Group LLC grew its stake in Uber Technologies by 4.4% in the second quarter. Sound View Wealth Advisors Group LLC now owns 3,051 shares of the ride-sharing company’s stock valued at $285,000 after purchasing an additional 129 shares in the last quarter. Clearstead Trust LLC increased its position in shares of Uber Technologies by 0.5% during the 2nd quarter. Clearstead Trust LLC now owns 25,981 shares of the ride-sharing company’s stock worth $2,424,000 after purchasing an additional 130 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC increased its position in shares of Uber Technologies by 0.7% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 18,883 shares of the ride-sharing company’s stock worth $1,762,000 after purchasing an additional 132 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Down 0.4%

Shares of NYSE:UBER opened at $85.13 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.15. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $101.99. The company has a market cap of $176.88 billion, a PE ratio of 10.94 and a beta of 1.19. The stock’s 50-day moving average is $91.78 and its 200 day moving average is $91.78.

Uber Technologies (NYSE:UBER) last announced its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The firm 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 posted $1.20 EPS. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. Sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on UBER shares. Susquehanna reissued a “positive” rating and issued a $110.00 target price on shares of Uber Technologies in a research note on Wednesday, November 5th. Needham & Company LLC reissued a “buy” rating and issued a $109.00 price objective on shares of Uber Technologies in a research report on Tuesday, November 4th. DA Davidson boosted their price objective on shares of Uber Technologies from $102.00 to $108.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. BMO Capital Markets cut their target price on shares of Uber Technologies from $113.00 to $106.00 and set an “outperform” rating for the company in a research note on Wednesday, November 5th. Finally, Citigroup reissued a “market perform” rating on shares of Uber Technologies in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $108.60.

Insiders Place Their Bets

In related news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total value of $519,255.00. Following the sale, the chief financial officer directly owned 20,330 shares of the company’s stock, valued at $1,919,355.30. This represents a 21.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Dara Khosrowshahi sold 150,000 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $100.48, for a total value of $15,072,000.00. Following the completion of the transaction, the chief executive officer owned 982,544 shares of the company’s stock, valued at approximately $98,726,021.12. This trade represents a 13.24% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 267,625 shares of company stock worth $26,774,660. Company insiders own 3.84% of the company’s stock.

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.