Kovack Advisors Inc. Has $2.72 Million Stake in Uber Technologies, Inc. (NYSE:UBER)

Kovack Advisors Inc. lessened its stake in Uber Technologies, Inc. (NYSE:UBER) by 11.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,299 shares of the ride-sharing company’s stock after selling 4,703 shares during the period. Kovack Advisors Inc.’s holdings in Uber Technologies were worth $2,718,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Hilltop Holdings Inc. boosted its position in shares of Uber Technologies by 2.9% in the 4th quarter. Hilltop Holdings Inc. now owns 5,634 shares of the ride-sharing company’s stock worth $347,000 after purchasing an additional 157 shares during the last quarter. Sivia Capital Partners LLC grew its position 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 worth $376,000 after buying an additional 157 shares during the period. Drive Wealth Management LLC increased its stake in shares of Uber Technologies by 3.6% in the 4th quarter. Drive Wealth Management LLC now owns 4,691 shares of the ride-sharing company’s stock valued at $289,000 after acquiring an additional 163 shares during the last quarter. Blue Bell Private Wealth Management LLC raised its position in shares of Uber Technologies by 49.7% in 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 acquiring an additional 174 shares during the period. Finally, Cigna Investments Inc. New boosted its stake in 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 worth $1,277,000 after acquiring an additional 178 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Uber Technologies news, insider Tony West sold 28,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $70.67, for a total value of $1,978,760.00. Following the completion of the sale, the insider now owns 96,945 shares of the company’s stock, valued at approximately $6,851,103.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Tony West sold 28,000 shares of Uber Technologies stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $70.67, for a total value of $1,978,760.00. Following the transaction, the insider now owns 96,945 shares in the company, valued at approximately $6,851,103.15. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $65.93, for a total value 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 $109,245,746.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 635,984 shares of company stock valued at $42,258,297. 3.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on UBER shares. Oppenheimer reiterated an “outperform” rating and issued a $90.00 target price on shares of Uber Technologies in a report on Wednesday, June 5th. DA Davidson reissued a “buy” rating and issued a $81.00 target price on shares of Uber Technologies in a research note on Wednesday, May 8th. Loop Capital dropped their price target on Uber Technologies from $88.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, May 16th. Roth Mkm reiterated a “buy” rating and issued a $89.00 price objective (down from $91.00) on shares of Uber Technologies in a research report on Friday, May 10th. Finally, BMO Capital Markets restated an “outperform” rating and set a $92.00 target price on shares of Uber Technologies in a report on Wednesday, May 15th. Two research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.41.

Uber Technologies Stock Performance

UBER traded up $0.60 on Thursday, reaching $71.27. The company had a trading volume of 7,869,481 shares, compared to its average volume of 15,031,445. The stock has a market cap of $148.92 billion, a P/E ratio of 114.95, a P/E/G ratio of 1.54 and a beta of 1.36. 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, Inc. has a fifty-two week low of $40.09 and a fifty-two week high of $82.14. The company’s fifty day moving average is $67.98 and its 200 day moving average is $69.96.

Uber Technologies (NYSE:UBER) last released its quarterly 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 net margin of 3.60% and a return on equity of 12.81%. The firm had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.09 billion. During the same quarter last year, the firm earned ($0.08) earnings per share. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, analysts predict that Uber Technologies, Inc. will post 0.85 earnings per share for the current fiscal year.

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.