Sterling Investment Counsel LLC Raises Position in Uber Technologies, Inc. (NYSE:UBER)

Sterling Investment Counsel LLC boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 107.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 7,195 shares of the ride-sharing company’s stock after acquiring an additional 3,720 shares during the period. Sterling Investment Counsel LLC’s holdings in Uber Technologies were worth $434,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Kieckhefer Group LLC acquired a new stake in shares of Uber Technologies in the 4th quarter valued at about $33,000. Retirement Wealth Solutions LLC acquired a new position in shares of Uber Technologies in the 4th quarter worth approximately $35,000. Financial Management Professionals Inc. increased its holdings in shares of 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 acquiring an additional 252 shares during the last quarter. Transcendent Capital Group LLC lifted its stake in Uber Technologies by 3,928.6% during the third quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock worth $42,000 after purchasing an additional 550 shares during the last quarter. Finally, Fortitude Family Office LLC increased its stake in Uber Technologies by 84.7% during the third 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 during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the transaction, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. The trade was a 20.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.84% of the stock is owned by insiders.

Uber Technologies Stock Up 0.3 %

Shares of Uber Technologies stock opened at $68.74 on Tuesday. The stock has a 50 day moving average price of $65.86 and a two-hundred day moving average price of $70.26. 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 12-month low of $54.84 and a 12-month high of $87.00. The stock has a market capitalization of $144.74 billion, a P/E ratio of 34.20, a PEG ratio of 0.77 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last announced its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter last year, the firm posted $0.10 EPS. The business’s quarterly revenue was up 20.4% on a year-over-year basis. Equities analysts expect that Uber Technologies, Inc. will post 1.86 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. JMP Securities lowered shares of Uber Technologies from an “outperform” rating to a “market perform” rating and set a $95.00 price objective on the stock. in a research note on Thursday, January 2nd. Citizens Jmp lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a research report on Monday. Wolfe Research increased their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, Tigress Financial lifted their target price on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Seven investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.53.

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.