Stratos Wealth Partners LTD. Has $5.45 Million Holdings in Uber Technologies, Inc. (NYSE:UBER)

Stratos Wealth Partners LTD. boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 14.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 72,481 shares of the ride-sharing company’s stock after purchasing an additional 8,985 shares during the period. Stratos Wealth Partners LTD.’s holdings in Uber Technologies were worth $5,448,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Aptus Capital Advisors LLC increased its stake in Uber Technologies by 17.1% in the second quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock valued at $688,000 after acquiring an additional 1,383 shares during the last quarter. Samlyn Capital LLC bought a new position in shares of Uber Technologies in the 2nd quarter valued at $134,987,000. Brookstone Capital Management lifted its position in shares of Uber Technologies by 19.0% during the 2nd quarter. Brookstone Capital Management now owns 161,494 shares of the ride-sharing company’s stock worth $11,082,000 after buying an additional 25,814 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its stake in Uber Technologies by 26.4% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 41,254 shares of the ride-sharing company’s stock valued at $2,998,000 after buying an additional 8,614 shares in the last quarter. Finally, DSM Capital Partners LLC grew its position in Uber Technologies by 2.2% in the second quarter. DSM Capital Partners LLC now owns 2,253,377 shares of the ride-sharing company’s stock valued at $163,775,000 after acquiring an additional 47,824 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 research analyst reports. DA Davidson restated a “buy” rating and issued a $82.00 price target on shares of Uber Technologies in a research note on Thursday. Royal Bank of Canada restated an “outperform” rating and issued a $80.00 target price on shares of Uber Technologies in a research report on Wednesday, August 7th. Evercore ISI upped their price target on shares of Uber Technologies from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. UBS Group raised their price objective on Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a report on Friday. Finally, Morgan Stanley upped their target price on Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Six investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $88.51.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the sale, the insider now owns 127,352 shares in the company, valued at approximately $9,169,344. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $79.16 on Monday. Uber Technologies, Inc. has a 52 week low of $40.09 and a 52 week high of $87.00. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. The business has a 50 day moving average price of $74.30 and a 200-day moving average price of $70.63. The company has a market cap of $166.31 billion, a PE ratio of 86.99, a price-to-earnings-growth ratio of 1.37 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, beating 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 business had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.57 billion. During the same period last year, the business earned $0.18 EPS. The business’s revenue was up 15.9% on a year-over-year basis. Equities analysts anticipate that Uber Technologies, Inc. will post 1.08 earnings per share for the current fiscal year.

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.