Great Valley Advisor Group Inc. Boosts Stock Position in Uber Technologies, Inc. (NYSE:UBER) – Defense World
Posted by admin on Jul 2nd, 2022 
Great Valley Advisor Group Inc. raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER – Get Rating) by 31.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,320 shares of the ride-sharing company’s stock after acquiring an additional 4,585 shares during the period. Great Valley Advisor Group Inc.’s holdings in Uber Technologies were worth $695,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Ahrens Investment Partners LLC purchased a new stake in Uber Technologies during the 4th quarter valued at approximately $25,000. Whittier Trust Co. of Nevada Inc. raised its stake in Uber Technologies by 222.3% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 606 shares of the ride-sharing company’s stock valued at $25,000 after acquiring an additional 418 shares during the last quarter. Centerpoint Advisors LLC purchased a new stake in Uber Technologies during the 4th quarter valued at approximately $27,000. Dixon Hughes Goodman Wealth Advisors LLC purchased a new stake in Uber Technologies during the 4th quarter valued at approximately $27,000. Finally, Toth Financial Advisory Corp increased its position in Uber Technologies by 84.4% during the 4th quarter. Toth Financial Advisory Corp now owns 721 shares of the ride-sharing company’s stock worth $30,000 after purchasing an additional 330 shares during the period. 72.58% of the stock is owned by hedge funds and other institutional investors.
Shares of Uber Technologies stock opened at $21.34 on Friday. Uber Technologies, Inc. has a fifty-two week low of $19.90 and a fifty-two week high of $52.03. The firm has a market cap of $41.90 billion, a PE ratio of -6.47 and a beta of 1.33. The business’s fifty day moving average is $24.34 and its two-hundred day moving average is $32.11. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.96.
Uber Technologies (NYSE:UBER – Get Rating) last issued its earnings results on Wednesday, May 4th. The ride-sharing company reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.09. Uber Technologies had a positive return on equity of 9.68% and a negative net margin of 29.51%. The business had revenue of $6.85 billion for the quarter, compared to analyst estimates of $6.10 billion. During the same period last year, the company posted ($0.57) EPS. The business’s quarterly revenue was up 136.3% on a year-over-year basis. Equities research analysts anticipate that Uber Technologies, Inc. will post -3.58 EPS for the current year.
In other news, CEO Dara Khosrowshahi purchased 200,000 shares of the firm’s stock in a transaction that occurred on Friday, May 6th. The stock was acquired at an average cost of $26.73 per share, for a total transaction of $5,346,000.00. Following the completion of the purchase, the chief executive officer now owns 1,420,968 shares of the company’s stock, valued at $37,982,474.64. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.92% of the stock is owned by company insiders.
Several equities analysts have issued reports on UBER shares. Stifel Nicolaus dropped their target price on Uber Technologies from $48.00 to $40.00 in a research report on Wednesday, May 4th. MKM Partners dropped their target price on Uber Technologies from $65.00 to $41.00 and set a “buy” rating on the stock in a research report on Thursday, May 5th. Cowen dropped their target price on Uber Technologies from $80.00 to $72.00 in a research report on Thursday, May 5th. Needham & Company LLC dropped their target price on Uber Technologies from $68.00 to $50.00 in a research report on Thursday, May 5th. Finally, Wedbush reiterated an “outperform” rating and set a $38.00 target price on shares of Uber Technologies in a research report on Wednesday. Twenty-nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $54.77.
Uber Technologies Profile (Get Rating)
Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services; and connects riders and other consumers with restaurants, grocers, and other stores with delivery service providers for meal preparation, grocery, and other delivery services.
See Also
Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER – Get Rating).
Receive News & Ratings for Uber Technologies Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Uber Technologies and related companies with MarketBeat.com’s FREE daily email newsletter.
Xponance Inc. Sells 11,028 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)
Great Valley Advisor Group Inc. Purchases New Shares in VanEck Oil Services ETF (NYSEARCA:OIH)