Soltis Investment Advisors LLC Grows Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Soltis Investment Advisors LLC raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 8.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,254 shares of the ride-sharing company’s stock after acquiring an additional 342 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Uber Technologies were worth $257,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of UBER. GHP Investment Advisors Inc. lifted its holdings in Uber Technologies by 85.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 223 shares in the last quarter. Kieckhefer Group LLC acquired a new stake in Uber Technologies during the fourth quarter worth approximately $33,000. Retirement Wealth Solutions LLC acquired a new stake in Uber Technologies during the fourth quarter worth approximately $35,000. Financial Management Professionals Inc. grew its stake in Uber Technologies by 104.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock worth $37,000 after acquiring an additional 252 shares during the period. Finally, Transcendent Capital Group LLC raised its holdings in Uber Technologies by 3,928.6% in the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock valued at $42,000 after acquiring an additional 550 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was 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 $7,821,368.10. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.84% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on UBER shares. Citizens Jmp downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. KeyCorp lowered their price objective on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. Piper Sandler cut their price objective on Uber Technologies from $82.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Jefferies Financial Group boosted their target price on Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, Tigress Financial raised their price target on shares of Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a report on Monday, November 25th. Seven investment analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $90.70.

Uber Technologies Stock Down 2.2 %

NYSE:UBER opened at $76.90 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The stock has a 50-day simple moving average of $65.45 and a 200 day simple moving average of $70.26. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The company has a market capitalization of $161.93 billion, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 0.81 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Sell-side analysts predict that Uber Technologies, Inc. will post 2.4 EPS for the current fiscal year.

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.