Larson Financial Group LLC Raises Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Posted by on Apr 24th, 2023

Larson Financial Group LLC grew its position in Uber Technologies, Inc. (NYSE:UBER – Get Rating) by 28.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,588 shares of the ride-sharing company’s stock after acquiring an additional 576 shares during the quarter. Larson Financial Group LLC’s holdings in Uber Technologies were worth $64,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Transcend Capital Advisors LLC boosted its holdings in shares of Uber Technologies by 0.6% during the fourth quarter. Transcend Capital Advisors LLC now owns 59,149 shares of the ride-sharing company’s stock worth $1,463,000 after purchasing an additional 379 shares during the last quarter. Hudson Value Partners LLC raised its position in Uber Technologies by 1.4% in the third quarter. Hudson Value Partners LLC now owns 29,800 shares of the ride-sharing company’s stock valued at $790,000 after purchasing an additional 400 shares during the period. Pinnacle Wealth Management LLC raised its position in Uber Technologies by 0.7% in the third quarter. Pinnacle Wealth Management LLC now owns 61,866 shares of the ride-sharing company’s stock valued at $1,639,000 after purchasing an additional 402 shares during the period. Lincoln National Corp raised its position in Uber Technologies by 1.6% in the third quarter. Lincoln National Corp now owns 27,062 shares of the ride-sharing company’s stock valued at $717,000 after purchasing an additional 426 shares during the period. Finally, Parkside Financial Bank & Trust increased its position in shares of Uber Technologies by 56.9% during the first quarter. Parkside Financial Bank & Trust now owns 1,180 shares of the ride-sharing company’s stock worth $42,000 after acquiring an additional 428 shares during the last quarter. Hedge funds and other institutional investors own 71.83% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Tony West sold 4,167 shares of Uber Technologies stock in a transaction that occurred on 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 directly owns 166,973 shares in the company, valued at $5,433,301.42. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.84% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on UBER shares. Roth Capital reaffirmed a “buy” rating on shares of Uber Technologies in a research report on Thursday, February 9th. The Goldman Sachs Group boosted their price objective on Uber Technologies from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, February 8th. Raymond James upped their price target on Uber Technologies from $38.00 to $41.00 and gave the company an “outperform” rating in a report on Thursday, February 9th. Citigroup upped their price target on Uber Technologies from $48.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, February 9th. Finally, Susquehanna lifted their price objective on shares of Uber Technologies from $32.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, February 9th. Two research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $47.55.

Uber Technologies Trading Down 2.1 %

UBER opened at $30.83 on Monday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.15. The firm has a 50-day moving average price of $32.48 and a 200-day moving average price of $29.71. Uber Technologies, Inc. has a twelve month low of $19.90 and a twelve month high of $37.58.

Uber Technologies (NYSE:UBER – Get Rating) last issued its quarterly earnings data on Wednesday, February 8th. The ride-sharing company reported $0.29 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.50. The company had revenue of $8.61 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 49.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.44 earnings per share. As a group, analysts predict that Uber Technologies, Inc. will post -0.12 EPS for the current year.

Uber Technologies 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.

Further Reading

Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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