Lake Street Private Wealth LLC Purchases 2,701 Shares of Uber Technologies, Inc. (NYSE:UBER)

Lake Street Private Wealth LLC raised its position in Uber Technologies, Inc. (NYSE:UBER) by 2.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,064 shares of the ride-sharing company’s stock after buying an additional 2,701 shares during the quarter. Uber Technologies comprises about 1.2% of Lake Street Private Wealth LLC’s holdings, making the stock its 15th largest position. Lake Street Private Wealth LLC’s holdings in Uber Technologies were worth $8,474,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Hilltop Holdings Inc. raised its stake in shares of Uber Technologies by 2.9% during the 4th quarter. Hilltop Holdings Inc. now owns 5,634 shares of the ride-sharing company’s stock valued at $347,000 after purchasing an additional 157 shares during the period. Sivia Capital Partners LLC raised its stake in shares of Uber Technologies by 3.3% during the 1st quarter. Sivia Capital Partners LLC now owns 4,882 shares of the ride-sharing company’s stock valued at $376,000 after purchasing an additional 157 shares during the period. Drive Wealth Management LLC raised its stake in shares of Uber Technologies by 3.6% during the 4th quarter. Drive Wealth Management LLC now owns 4,691 shares of the ride-sharing company’s stock valued at $289,000 after purchasing an additional 163 shares during the period. Blue Bell Private Wealth Management LLC raised its stake in shares of Uber Technologies by 49.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock valued at $32,000 after purchasing an additional 174 shares during the period. Finally, Cigna Investments Inc. New raised its stake in shares of Uber Technologies by 0.9% during the 4th quarter. Cigna Investments Inc. New now owns 20,743 shares of the ride-sharing company’s stock valued at $1,277,000 after purchasing an additional 178 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Stock Up 0.8 %

Shares of NYSE:UBER traded up $0.60 during trading on Wednesday, hitting $71.27. The stock had a trading volume of 7,869,481 shares, compared to its average volume of 19,285,674. Uber Technologies, Inc. has a 12 month low of $40.09 and a 12 month high of $82.14. The company has a market capitalization of $148.92 billion, a PE ratio of 114.95, a PEG ratio of 1.59 and a beta of 1.36. The firm’s fifty day moving average is $67.98 and its 200 day moving average is $69.96. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.80.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.53). Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The firm had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.09 billion. During the same period in the prior year, the company posted ($0.08) EPS. The firm’s revenue was up 14.8% on a year-over-year basis. Analysts anticipate that Uber Technologies, Inc. will post 0.85 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In related news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the transaction, the insider now owns 206,338 shares of the company’s stock, valued at approximately $13,541,962.94. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the transaction, the insider now owns 206,338 shares of the company’s stock, valued at approximately $13,541,962.94. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s 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 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 disclosure for this sale can be found here. In the last quarter, insiders sold 635,984 shares of company stock valued at $42,258,297. Corporate insiders own 3.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on UBER shares. JMP Securities restated a “market outperform” rating and issued a $80.00 target price on shares of Uber Technologies in a research note on Thursday, May 16th. Bank of America decreased their target price on Uber Technologies from $91.00 to $87.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Royal Bank of Canada restated an “outperform” rating and issued a $80.00 target price on shares of Uber Technologies in a research note on Tuesday, May 28th. Wedbush restated an “outperform” rating and issued a $85.00 target price on shares of Uber Technologies in a research note on Wednesday, May 8th. Finally, Tigress Financial upped their target price on Uber Technologies from $72.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Two research analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.41.

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.