Fairvoy Private Wealth LLC Takes $2.98 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Fairvoy Private Wealth LLC purchased a new stake in Uber Technologies, Inc. (NYSE:UBER) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 49,452 shares of the ride-sharing company’s stock, valued at approximately $2,983,000.

Other hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Uber Technologies by 8.3% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 245,680 shares of the ride-sharing company’s stock worth $14,819,000 after buying an additional 18,920 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in Uber Technologies by 3.4% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,949,375 shares of the ride-sharing company’s stock worth $358,866,000 after buying an additional 196,904 shares during the period. Strategic Financial Concepts LLC acquired a new stake in Uber Technologies during the 4th quarter worth approximately $4,136,000. Leo Wealth LLC boosted its position in Uber Technologies by 540.3% during the 4th quarter. Leo Wealth LLC now owns 19,874 shares of the ride-sharing company’s stock worth $1,199,000 after buying an additional 16,770 shares during the period. Finally, GHP Investment Advisors Inc. boosted its position in Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 223 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UBER has been the topic of several recent research reports. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. JMP Securities restated a “market perform” rating on shares of Uber Technologies in a research report on Thursday. UBS Group dropped their price target on shares of Uber Technologies from $114.00 to $107.00 and set a “buy” rating on the stock in a research report on Monday. Daiwa America downgraded shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Finally, Jefferies Financial Group boosted their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Seven research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.19.

Uber Technologies Stock Performance

NYSE UBER opened at $70.04 on Friday. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market cap of $147.47 billion, a price-to-earnings ratio of 34.84, a PEG ratio of 0.77 and a beta of 1.39. The company has a fifty day moving average price of $65.31 and a 200-day moving average price of $70.07.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. As a group, equities research analysts predict that Uber Technologies, Inc. will post 1.89 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the transaction, the insider now owns 107,289 shares in the company, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.80% of the stock is owned by company insiders.

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.