Envestnet Asset Management Inc. Has $181.42 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Envestnet Asset Management Inc. lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 6.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,946,608 shares of the ride-sharing company’s stock after buying an additional 168,414 shares during the period. Envestnet Asset Management Inc. owned about 0.14% of Uber Technologies worth $181,423,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of UBER. Avantax Advisory Services Inc. boosted its position in shares of Uber Technologies by 12.6% during the third quarter. Avantax Advisory Services Inc. now owns 16,452 shares of the ride-sharing company’s stock worth $757,000 after buying an additional 1,845 shares during the period. Gamco Investors INC. ET AL boosted its position in shares of Uber Technologies by 26.4% during the third quarter. Gamco Investors INC. ET AL now owns 9,294 shares of the ride-sharing company’s stock worth $427,000 after buying an additional 1,940 shares during the period. Gabelli Funds LLC boosted its position in shares of Uber Technologies by 11.6% during the third quarter. Gabelli Funds LLC now owns 6,305 shares of the ride-sharing company’s stock worth $290,000 after buying an additional 655 shares during the period. ProVise Management Group LLC acquired a new position in shares of Uber Technologies during the third quarter worth about $207,000. Finally, Huntington National Bank boosted its position in Uber Technologies by 6.6% during the third quarter. Huntington National Bank now owns 4,752 shares of the ride-sharing company’s stock valued at $219,000 after purchasing an additional 294 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. DA Davidson reissued a “buy” rating and set a $81.00 price target on shares of Uber Technologies in a research report on Wednesday, May 8th. BTIG Research increased their price target on Uber Technologies from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. JPMorgan Chase & Co. increased their price target on Uber Technologies from $84.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. BMO Capital Markets reissued an “outperform” rating and set a $92.00 price target on shares of Uber Technologies in a research report on Wednesday, May 15th. Finally, Tigress Financial increased their price target on Uber Technologies from $72.00 to $96.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Two analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.38.

Uber Technologies Trading Up 0.6 %

Shares of UBER stock opened at $69.31 on Friday. The stock’s fifty day moving average price is $69.07 and its two-hundred day moving average price is $68.37. The company has a market cap of $144.82 billion, a PE ratio of 111.77, a P/E/G ratio of 1.51 and a beta of 1.37. Uber Technologies, Inc. has a fifty-two week low of $39.04 and a fifty-two week high of $82.14. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.21 and a current ratio of 1.21.

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

Insider Activity at Uber Technologies

In related news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the sale, the chief executive officer now owns 1,656,996 shares of the company’s stock, valued at approximately $109,245,746.28. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,656,996 shares of the company’s stock, valued at approximately $109,245,746.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Tony West sold 18,750 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $65.63, for a total value of $1,230,562.50. Following the transaction, the insider now directly owns 206,338 shares of the company’s stock, valued at $13,541,962.94. The disclosure for this sale can be found here. Insiders have sold a total of 607,984 shares of company stock valued at $40,279,537 in the last 90 days. 3.84% of the stock is owned by corporate insiders.

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.