Stratos Wealth Advisors LLC Acquires 3,026 Shares of Uber Technologies, Inc. (NYSE:UBER)

Stratos Wealth Advisors LLC grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 56.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,353 shares of the ride-sharing company’s stock after buying an additional 3,026 shares during the period. Stratos Wealth Advisors LLC’s holdings in Uber Technologies were worth $504,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Geode Capital Management LLC raised its position in shares of Uber Technologies by 2.1% during the third quarter. Geode Capital Management LLC now owns 42,500,359 shares of the ride-sharing company’s stock worth $3,184,013,000 after purchasing an additional 893,652 shares during the period. Edgewood Management LLC raised its position in shares of Uber Technologies by 10.5% during the third quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock worth $2,070,813,000 after purchasing an additional 2,627,768 shares during the period. Jennison Associates LLC raised its position in shares of Uber Technologies by 36.9% during the fourth quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company’s stock worth $1,596,086,000 after purchasing an additional 7,137,512 shares during the period. Janus Henderson Group PLC raised its position in shares of Uber Technologies by 18.3% during the third quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company’s stock worth $998,767,000 after purchasing an additional 2,056,273 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Uber Technologies by 14.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 12,498,209 shares of the ride-sharing company’s stock worth $939,365,000 after purchasing an additional 1,601,747 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. KeyCorp lowered their price target on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Daiwa America lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a research report on Wednesday. Cantor Fitzgerald reissued an “overweight” rating and issued a $80.00 price target on shares of Uber Technologies in a research report on Thursday. Finally, Wells Fargo & Company lowered their price target on Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $90.19.

Insider Transactions at Uber Technologies

In other 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 sale, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.80% of the company’s stock.

Uber Technologies Stock Performance

Shares of NYSE UBER opened at $74.76 on Friday. The stock has a market cap of $157.43 billion, a price-to-earnings ratio of 37.20, a P/E/G ratio of 0.77 and a beta of 1.39. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The stock’s 50-day moving average is $65.28 and its 200 day moving average is $70.07.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 1.89 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.