Modus Advisors LLC Has $4.16 Million Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Modus Advisors LLC increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 6.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,976 shares of the ride-sharing company’s stock after purchasing an additional 3,204 shares during the period. Uber Technologies makes up 1.5% of Modus Advisors LLC’s portfolio, making the stock its 24th biggest position. Modus Advisors LLC’s holdings in Uber Technologies were worth $4,156,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. CVA Family Office LLC acquired a new stake in Uber Technologies in the 4th quarter valued at approximately $30,000. Highlander Capital Management LLC increased its position in shares of Uber Technologies by 100.0% during the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after purchasing an additional 250 shares during the last quarter. Bfsg LLC acquired a new position in shares of Uber Technologies during the 4th quarter worth approximately $31,000. Blue Bell Private Wealth Management LLC increased its position 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 worth $32,000 after purchasing an additional 174 shares during the last quarter. Finally, GW&K Investment Management LLC acquired a new position in shares of Uber Technologies during the 4th quarter worth approximately $33,000. Institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other news, insider Tony West sold 18,750 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 206,338 shares of the company’s stock, valued at $13,541,962.94. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Tony West sold 18,750 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were 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 in the company, valued at approximately $13,541,962.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the completion of the sale, 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. Insiders sold 635,984 shares of company stock worth $42,258,297 over the last 90 days. Company insiders own 3.80% of the company’s stock.

Uber Technologies Trading Down 0.1 %

UBER traded down $0.04 on Tuesday, hitting $70.45. The company had a trading volume of 6,000,920 shares, compared to its average volume of 19,708,697. The company has a market cap of $147.21 billion, a PE ratio of 112.97, a PEG ratio of 1.54 and a beta of 1.37. Uber Technologies, Inc. has a 12-month low of $40.09 and a 12-month high of $82.14. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. The business’s fifty day simple moving average is $68.38 and its 200 day simple moving average is $69.17.

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on UBER shares. Moffett Nathanson restated a “buy” rating and set a $92.00 price objective on shares of Uber Technologies in a research report on Thursday, April 11th. Roth Mkm restated a “buy” rating and set a $89.00 target price (down previously from $91.00) on shares of Uber Technologies in a research report on Friday, May 10th. DA Davidson restated a “buy” rating and set a $81.00 target price on shares of Uber Technologies in a research report on Wednesday, May 8th. Piper Sandler increased their price target on Uber Technologies from $78.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Finally, Truist Financial increased their price target on Uber Technologies from $90.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. Two analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $84.47.

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.