Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Vance Wealth LLC

Vance Wealth LLC increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 29.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,483 shares of the ride-sharing company’s stock after purchasing an additional 2,370 shares during the period. Vance Wealth LLC’s holdings in Uber Technologies were worth $632,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Welch & Forbes LLC raised its holdings in shares of Uber Technologies by 3.9% during the fourth quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company’s stock valued at $237,000 after acquiring an additional 148 shares during the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC raised its stake in Uber Technologies by 3.5% in the 4th quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company’s stock valued at $282,000 after purchasing an additional 150 shares during the last quarter. Drive Wealth Management LLC raised its position in shares of Uber Technologies by 3.1% in the fourth quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company’s stock valued at $312,000 after buying an additional 155 shares during the last quarter. Institute for Wealth Management LLC. raised its holdings in Uber Technologies by 2.4% in the 4th quarter. Institute for Wealth Management LLC. now owns 6,606 shares of the ride-sharing company’s stock valued at $398,000 after acquiring an additional 155 shares during the last quarter. Finally, Fairfield Financial Advisors LTD raised its holdings in Uber Technologies by 34.0% in the 4th quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company’s stock valued at $40,000 after acquiring an additional 170 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the sale, the chief financial officer now owns 22,162 shares of the company’s stock, valued at $1,662,150. The trade was a 11.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tony West sold 23,404 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the sale, the insider now owns 114,241 shares in the company, valued at approximately $8,027,715.07. The trade was a 17.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 83,788 shares of company stock valued at $6,517,070. 3.84% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on UBER shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a report on Wednesday, May 7th. JPMorgan Chase & Co. raised their target price on Uber Technologies from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. KGI Securities reaffirmed a “neutral” rating and issued a $78.00 target price on shares of Uber Technologies in a research note on Tuesday, March 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $82.00 target price on shares of Uber Technologies in a report on Monday, May 5th. Finally, Raymond James boosted their target price on shares of Uber Technologies from $95.00 to $100.00 and gave the company a “strong-buy” rating in a report on Thursday, May 8th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $92.69.

Uber Technologies Trading Up 0.7%

UBER opened at $92.41 on Tuesday. The business’s 50 day moving average is $76.76 and its two-hundred day moving average is $72.07. The firm has a market cap of $193.24 billion, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $94.17. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.33. The firm had revenue of $11.53 billion for the quarter, compared to analysts’ expectations of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.32) EPS. On average, research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Uber Technologies Company 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.