Ritholtz Wealth Management Raises Stake in Uber Technologies, Inc. (NYSE:UBER)

Ritholtz Wealth Management boosted its stake in Uber Technologies, Inc. (NYSE:UBER) by 16.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,777 shares of the ride-sharing company’s stock after acquiring an additional 4,482 shares during the period. Ritholtz Wealth Management’s holdings in Uber Technologies were worth $1,957,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Treasurer of the State of North Carolina lifted its holdings in Uber Technologies by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 877,589 shares of the ride-sharing company’s stock valued at $40,360,000 after purchasing an additional 3,530 shares during the last quarter. Compagnie Lombard Odier SCmA boosted its holdings in Uber Technologies by 73.0% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 33,535 shares of the ride-sharing company’s stock worth $2,065,000 after buying an additional 14,153 shares during the period. NewEdge Wealth LLC grew its stake in Uber Technologies by 6.8% in the 3rd quarter. NewEdge Wealth LLC now owns 329,341 shares of the ride-sharing company’s stock valued at $15,146,000 after buying an additional 21,042 shares in the last quarter. Greycroft LP bought a new stake in Uber Technologies during the 3rd quarter valued at $483,000. Finally, Chilton Investment Co. Inc. purchased a new stake in shares of Uber Technologies during the second quarter worth $209,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of recent research reports. Royal Bank of Canada reissued an “outperform” rating and set a $85.00 price objective on shares of Uber Technologies in a report on Thursday, February 15th. Truist Financial increased their target price on shares of Uber Technologies from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday. Gordon Haskett lowered shares of Uber Technologies from a “buy” rating to a “hold” rating and set a $66.00 price target for the company. in a research report on Wednesday, January 24th. Roth Mkm increased their price objective on Uber Technologies from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Finally, Argus boosted their target price on Uber Technologies from $69.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Two analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $75.41.

Uber Technologies Trading Down 1.5 %

Shares of UBER stock traded down $1.14 during mid-day trading on Thursday, reaching $76.97. The stock had a trading volume of 13,416,887 shares, compared to its average volume of 20,295,779. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79. The stock’s 50-day moving average price is $74.50 and its two-hundred day moving average price is $60.36. The firm has a market capitalization of $159.83 billion, a PE ratio of 89.50, a price-to-earnings-growth ratio of 1.26 and a beta of 1.37. Uber Technologies, Inc. has a 52-week low of $29.22 and a 52-week high of $82.14.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.50. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The company had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.76 billion. During the same quarter in the previous year, the business earned $0.29 EPS. Uber Technologies’s revenue was up 15.4% compared to the same quarter last year. Equities analysts expect that Uber Technologies, Inc. will post 1.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the sale, the insider now directly owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Tony West sold 18,750 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the sale, the insider now directly owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the transaction, the insider now owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by insiders.

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.