Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC boosted its stake in Uber Technologies, Inc. (NYSE:UBER) by 53.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,635 shares of the ride-sharing company’s stock after buying an additional 1,952 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Uber Technologies were worth $340,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of UBER. Kieckhefer Group LLC purchased a new position in shares of Uber Technologies in the fourth quarter valued at approximately $33,000. Financial Management Professionals Inc. raised 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 valued at $37,000 after purchasing an additional 252 shares during the last quarter. Transcendent Capital Group LLC raised its stake 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 purchasing an additional 550 shares during the last quarter. Fortitude Family Office LLC lifted its holdings in Uber Technologies by 84.7% in the 3rd quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company’s stock valued at $45,000 after purchasing an additional 276 shares in the last quarter. Finally, ORG Partners LLC boosted its stake in Uber Technologies by 142.9% during the 3rd quarter. ORG Partners LLC now owns 651 shares of the ride-sharing company’s stock worth $49,000 after purchasing an additional 383 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction that occurred on 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. KeyCorp decreased their price target on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. JMP Securities lowered shares of Uber Technologies from an “outperform” rating to a “market perform” rating and set a $95.00 target price on the stock. in a research note on Thursday, January 2nd. Needham & Company LLC restated a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a research report on Thursday, October 31st. Wolfe Research lifted their price objective on Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Finally, Jefferies Financial Group upped their target price on Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Seven analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and a consensus price target of $91.53.

Uber Technologies Stock Performance

Shares of UBER stock opened at $67.30 on Friday. The firm has a 50 day moving average of $66.24 and a two-hundred day moving average of $70.36. The stock has a market capitalization of $141.71 billion, a PE ratio of 33.48, a P/E/G ratio of 0.71 and a beta of 1.36. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00.

Uber Technologies (NYSE:UBER) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. During the same period last year, the business posted $0.10 earnings per share. Uber Technologies’s revenue was up 20.4% compared to the same quarter last year. On average, research analysts predict that Uber Technologies, Inc. will post 1.9 EPS for the current fiscal 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.