Wilbanks Smith & Thomas Asset Management LLC Buys 382 Shares of Uber Technologies, Inc. (NYSE:UBER)

Wilbanks Smith & Thomas Asset Management LLC lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 6.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,672 shares of the ride-sharing company’s stock after buying an additional 382 shares during the quarter. Wilbanks Smith & Thomas Asset Management LLC’s holdings in Uber Technologies were worth $411,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. increased its position in Uber Technologies by 19.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 219,766 shares of the ride-sharing company’s stock worth $10,107,000 after acquiring an additional 36,163 shares during the period. Pinnacle Associates Ltd. increased its holdings in shares of Uber Technologies by 29.5% during the third quarter. Pinnacle Associates Ltd. now owns 40,422 shares of the ride-sharing company’s stock worth $1,859,000 after purchasing an additional 9,200 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of Uber Technologies by 12.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 456,422 shares of the ride-sharing company’s stock valued at $20,991,000 after buying an additional 52,324 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of Uber Technologies by 22.7% in the third quarter. Stratos Wealth Partners LTD. now owns 63,309 shares of the ride-sharing company’s stock valued at $2,912,000 after buying an additional 11,715 shares during the period. Finally, Independent Advisor Alliance grew its position in Uber Technologies by 8.1% during the third quarter. Independent Advisor Alliance now owns 29,438 shares of the ride-sharing company’s stock worth $1,354,000 after buying an additional 2,198 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Price Performance

Shares of UBER opened at $69.23 on Friday. The business has a 50-day moving average of $75.33 and a 200-day moving average of $65.13. Uber Technologies, Inc. has a 1 year low of $36.69 and a 1 year high of $82.14. The company has a market capitalization of $144.09 billion, a price-to-earnings ratio of 80.50, a price-to-earnings-growth ratio of 1.08 and a beta of 1.39. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.50. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The firm 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 company earned $0.29 EPS. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. As a group, equities research analysts anticipate that Uber Technologies, Inc. will post 1.23 earnings per share for the current year.

Insider Activity at Uber Technologies

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

Analyst Ratings Changes

A number of analysts have recently weighed in on UBER shares. Wells Fargo & Company upped their target price on Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $85.00 target price on shares of Uber Technologies in a report on Thursday, February 15th. The Goldman Sachs Group upped their price target on shares of Uber Technologies from $59.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Friday, April 5th. Finally, UBS Group upped their target price on Uber Technologies from $94.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Two research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $81.65.

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.