B. Riley Wealth Advisors Inc. Has $14.01 Million Stock Position in Uber Technologies, Inc. (NYSE:UBER)

B. Riley Wealth Advisors Inc. cut its position in Uber Technologies, Inc. (NYSE:UBER) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 192,727 shares of the ride-sharing company’s stock after selling 2,279 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Uber Technologies were worth $14,007,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UBER. Invst LLC lifted its holdings in shares of Uber Technologies by 45.7% in the 2nd quarter. Invst LLC now owns 3,911 shares of the ride-sharing company’s stock worth $278,000 after purchasing an additional 1,227 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Uber Technologies by 40.4% in the second quarter. NewEdge Advisors LLC now owns 176,713 shares of the ride-sharing company’s stock valued at $12,844,000 after purchasing an additional 50,856 shares in the last quarter. Nemes Rush Group LLC boosted its position in shares of Uber Technologies by 7.5% during the second quarter. Nemes Rush Group LLC now owns 20,441 shares of the ride-sharing company’s stock valued at $1,486,000 after buying an additional 1,434 shares during the last quarter. Creative Planning grew its holdings in Uber Technologies by 3.3% during the second quarter. Creative Planning now owns 145,672 shares of the ride-sharing company’s stock worth $10,587,000 after buying an additional 4,600 shares in the last quarter. Finally, Ascent Group LLC raised its position in Uber Technologies by 8.1% in the 2nd quarter. Ascent Group LLC now owns 20,654 shares of the ride-sharing company’s stock valued at $1,501,000 after buying an additional 1,546 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

UBER has been the topic of a number of analyst reports. Piper Sandler lifted their price objective on shares of Uber Technologies from $86.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, June 25th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, August 7th. TD Cowen lifted their target price on shares of Uber Technologies from $88.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Raymond James started coverage on Uber Technologies in a research note on Tuesday, September 24th. They issued a “strong-buy” rating and a $90.00 target price on the stock. Finally, Morgan Stanley lifted their price target on Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Four analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $87.81.

Insider Buying and Selling

In other news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,266,114 shares in the company, valued at $91,046,257.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the sale, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. The transaction 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 business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the sale, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The disclosure for this sale can be found here. 3.84% of the stock is owned by company insiders.

Uber Technologies Trading Down 1.2 %

NYSE:UBER opened at $75.75 on Monday. The company has a 50-day moving average price of $70.26 and a 200-day moving average price of $70.64. The stock has a market cap of $158.28 billion, a price-to-earnings ratio of 122.18, a P/E/G ratio of 1.38 and a beta of 1.33. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. Uber Technologies, Inc. has a 12 month low of $40.09 and a 12 month high of $82.14.

Uber Technologies (NYSE:UBER) last announced its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The firm had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. During the same quarter in the prior year, the company earned $0.18 EPS. The business’s revenue was up 15.9% compared to the same quarter last year. Equities analysts predict that Uber Technologies, Inc. will post 1.06 EPS for the current year.

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.