TrueWealth Advisors LLC Takes Position in Uber Technologies, Inc. (NYSE:UBER)

TrueWealth Advisors LLC purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 8,469 shares of the ride-sharing company’s stock, valued at approximately $511,000.

Several other large investors have also added to or reduced their stakes in the company. Retirement Wealth Solutions LLC acquired a new position in Uber Technologies in the 4th quarter worth approximately $35,000. Brooklyn Investment Group raised its holdings in shares of Uber Technologies by 19.5% during the fourth quarter. Brooklyn Investment Group now owns 8,634 shares of the ride-sharing company’s stock worth $521,000 after purchasing an additional 1,411 shares during the last quarter. Sax Wealth Advisors LLC lifted its position in Uber Technologies by 53.0% during the fourth quarter. Sax Wealth Advisors LLC now owns 5,635 shares of the ride-sharing company’s stock valued at $340,000 after purchasing an additional 1,952 shares during the period. Merit Financial Group LLC boosted its holdings in Uber Technologies by 1,462.9% in the fourth quarter. Merit Financial Group LLC now owns 57,138 shares of the ride-sharing company’s stock valued at $3,447,000 after purchasing an additional 53,482 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its stake in shares of Uber Technologies by 6.5% during the 4th quarter. Wedge Capital Management L L P NC now owns 3,923 shares of the ride-sharing company’s stock valued at $237,000 after buying an additional 241 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Down 1.9 %

Shares of NYSE UBER opened at $67.30 on Friday. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The stock has a market cap of $141.71 billion, a P/E ratio of 33.48, a PEG ratio of 0.71 and a beta of 1.36. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The business’s fifty day simple moving average is $66.24 and its 200-day simple moving average is $70.37.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data 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. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. During the same quarter last year, the business posted $0.10 EPS. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. As a group, equities analysts predict that Uber Technologies, Inc. will post 1.9 EPS for the current fiscal year.

Insider Buying and Selling 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.80% of the company’s stock.

Wall Street Analyst Weigh In

UBER has been the subject of a number of analyst reports. Loop Capital boosted their price target on Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Citizens Jmp downgraded shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Evercore ISI lifted their price objective on shares of Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Tigress Financial raised their target price on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, DA Davidson upped their price target on Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Seven investment 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.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $91.53.

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.