Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Modus Advisors LLC

Modus Advisors LLC increased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 5.2% during the fourth quarter, Holdings Channel reports. The fund owned 63,841 shares of the ride-sharing company’s stock after acquiring an additional 3,178 shares during the quarter. Modus Advisors LLC’s holdings in Uber Technologies were worth $3,851,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. CENTRAL TRUST Co raised its holdings in Uber Technologies by 12.3% in the 3rd quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company’s stock valued at $87,000 after acquiring an additional 127 shares in the last quarter. Procyon Advisors LLC increased its position in Uber Technologies by 2.1% in the third quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company’s stock worth $476,000 after purchasing an additional 131 shares during the period. DT Investment Partners LLC raised its position in shares of Uber Technologies by 21.4% during the 3rd quarter. DT Investment Partners LLC now owns 821 shares of the ride-sharing company’s stock valued at $62,000 after acquiring an additional 145 shares during the last quarter. Jmac Enterprises LLC increased its stake in shares of Uber Technologies by 2.1% in the 3rd quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company’s stock valued at $552,000 after acquiring an additional 150 shares during the last quarter. Finally, Wealthspire Advisors LLC increased its position in shares of Uber Technologies by 0.6% in the 2nd quarter. Wealthspire Advisors LLC now owns 24,893 shares of the ride-sharing company’s stock valued at $1,809,000 after buying an additional 151 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the transaction, the insider now owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.84% of the company’s stock.

Uber Technologies Trading Up 1.2 %

Shares of NYSE:UBER traded up $0.75 during trading on Friday, reaching $63.92. The stock had a trading volume of 6,844,892 shares, compared to its average volume of 15,302,163. The firm’s fifty day moving average is $68.24 and its 200 day moving average is $70.73. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market cap of $134.60 billion, a price-to-earnings ratio of 31.80, a P/E/G ratio of 0.75 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.79. The firm had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company’s revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.10 earnings per share. As a group, equities analysts forecast that Uber Technologies, Inc. will post 1.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

UBER has been the topic of several research reports. DA Davidson boosted their target price on Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Wells Fargo & Company lowered their price target on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. The Goldman Sachs Group reiterated a “buy” rating and issued a $96.00 price target on shares of Uber Technologies in a research note on Thursday. Gordon Haskett raised Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Thursday, October 31st. Finally, Evercore ISI boosted their price target on Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Six 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $91.53.

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.