Koshinski Asset Management Inc. Has $215,000 Position in Uber Technologies, Inc. (NYSE:UBER)

Posted by Defense World Staff on Apr 7th, 2023

Koshinski Asset Management Inc. reduced its holdings in Uber Technologies, Inc. (NYSE:UBER – Get Rating) by 70.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,713 shares of the ride-sharing company’s stock after selling 20,875 shares during the period. Koshinski Asset Management Inc.’s holdings in Uber Technologies were worth $215,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. McElhenny Sheffield Capital Management LLC acquired a new stake in Uber Technologies in the fourth quarter worth $99,000. Parkside Financial Bank & Trust raised its holdings in Uber Technologies by 56.9% in the first quarter. Parkside Financial Bank & Trust now owns 1,180 shares of the ride-sharing company’s stock worth $42,000 after purchasing an additional 428 shares during the period. Center for Financial Planning Inc. raised its holdings in Uber Technologies by 13,000.0% in the third quarter. Center for Financial Planning Inc. now owns 1,310 shares of the ride-sharing company’s stock worth $35,000 after purchasing an additional 1,300 shares during the period. Motco acquired a new stake in Uber Technologies in the third quarter worth $35,000. Finally, American National Bank acquired a new stake in Uber Technologies in the third quarter worth $40,000. 71.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Tony West sold 4,167 shares of Uber Technologies stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $32.54, for a total transaction of $135,594.18. Following the completion of the sale, the insider now owns 166,973 shares of the company’s stock, valued at approximately $5,433,301.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.84% of the stock is currently owned by insiders.

Uber Technologies Trading Up 0.2 %

Shares of UBER opened at $31.18 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a 50-day moving average of $32.85 and a 200-day moving average of $29.47. Uber Technologies, Inc. has a one year low of $19.90 and a one year high of $37.58.

Uber Technologies (NYSE:UBER – Get Rating) last announced its earnings results on Wednesday, February 8th. The ride-sharing company reported $0.29 EPS for the quarter, topping the consensus estimate of ($0.21) by $0.50. The business had revenue of $8.61 billion during the quarter, compared to the consensus estimate of $8.51 billion. Uber Technologies had a negative net margin of 28.68% and a negative return on equity of 114.18%. Uber Technologies’s revenue was up 49.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 EPS. Sell-side analysts anticipate that Uber Technologies, Inc. will post -0.13 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on UBER shares. JMP Securities reiterated a “market outperform” rating and issued a $55.00 target price on shares of Uber Technologies in a report on Friday, March 10th. JPMorgan Chase & Co. restated an “overweight” rating and set a $52.00 price objective on shares of Uber Technologies in a report on Thursday, February 9th. Piper Sandler raised their price objective on shares of Uber Technologies to $41.00 in a report on Wednesday, February 8th. Wells Fargo & Company raised their price objective on shares of Uber Technologies from $46.00 to $53.00 and gave the stock an “overweight” rating in a report on Thursday, February 9th. Finally, Wedbush restated an “outperform” rating and set a $38.00 price objective on shares of Uber Technologies in a report on Wednesday, February 8th. Two research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $47.19.

Uber Technologies Company Profile

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Uber Technologies, Inc is a technology platform, which engages in the development and operation of technology applications, network, and product to power movement from point A to point B. The firm offers ride services and merchants delivery service providers for meal preparation, grocery and other delivery services.