Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by RMR Wealth Builders

RMR Wealth Builders boosted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 13.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,482 shares of the ride-sharing company’s stock after acquiring an additional 1,869 shares during the period. RMR Wealth Builders’ holdings in Uber Technologies were worth $934,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. raised its position in shares of Uber Technologies by 58.0% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 1,299 shares of the ride-sharing company’s stock worth $94,000 after purchasing an additional 477 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Uber Technologies by 13.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,798,884 shares of the ride-sharing company’s stock valued at $203,401,000 after acquiring an additional 341,312 shares during the last quarter. One Capital Management LLC boosted its stake in shares of Uber Technologies by 26.2% during the 2nd quarter. One Capital Management LLC now owns 3,489 shares of the ride-sharing company’s stock worth $254,000 after purchasing an additional 725 shares during the last quarter. Stock Yards Bank & Trust Co. grew its holdings in shares of Uber Technologies by 9.3% during the second quarter. Stock Yards Bank & Trust Co. now owns 3,530 shares of the ride-sharing company’s stock worth $257,000 after buying an additional 300 shares in the last quarter. Finally, Axxcess Wealth Management LLC raised its position in shares of Uber Technologies by 50.3% in the second quarter. Axxcess Wealth Management LLC now owns 18,449 shares of the ride-sharing company’s stock valued at $1,341,000 after buying an additional 6,171 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Stock Up 3.4 %

Shares of NYSE:UBER opened at $67.06 on Thursday. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The company’s fifty day moving average is $66.43 and its two-hundred day moving average is $70.41. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market capitalization of $141.21 billion, a price-to-earnings ratio of 33.36, a price-to-earnings-growth ratio of 0.71 and a beta of 1.36.

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

Insider Buying and Selling

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 transaction of $2,025,162.00. Following the sale, the insider now owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on UBER shares. Raymond James began coverage on Uber Technologies in a research note on Tuesday, September 24th. They issued a “strong-buy” rating and a $90.00 price target on the stock. Daiwa Capital Markets downgraded shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price target on the stock. in a research note on Thursday, October 17th. Citizens Jmp cut shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $92.00 target price on shares of Uber Technologies in a research report on Friday, October 11th. Finally, Truist Financial lowered their price target on Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Seven equities research 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.