Retirement Wealth Solutions LLC Invests $35,000 in Uber Technologies, Inc. (NYSE:UBER)

Retirement Wealth Solutions LLC bought a new position in Uber Technologies, Inc. (NYSE:UBER) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 527 shares of the ride-sharing company’s stock, valued at approximately $35,000.

A number of other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in shares of Uber Technologies by 13.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,798,884 shares of the ride-sharing company’s stock valued at $203,401,000 after purchasing an additional 341,312 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in Uber Technologies by 5.3% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 182,332 shares of the ride-sharing company’s stock valued at $13,252,000 after buying an additional 9,230 shares during the period. Waterloo Capital L.P. bought a new stake in shares of Uber Technologies in the second quarter worth about $309,000. WCG Wealth Advisors LLC purchased a new position in shares of Uber Technologies during the second quarter valued at approximately $861,000. Finally, Intech Investment Management LLC raised its holdings in Uber Technologies by 138.7% in the 2nd quarter. Intech Investment Management LLC now owns 108,598 shares of the ride-sharing company’s stock worth $7,893,000 after purchasing an additional 63,093 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of NYSE:UBER opened at $67.30 on Friday. 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 12 month low of $54.84 and a 12 month high of $87.00. The company has a market capitalization of $141.71 billion, a price-to-earnings ratio of 33.48, a PEG ratio of 0.71 and a beta of 1.36. The firm’s 50-day moving average is $66.24 and its 200 day moving average is $70.37.

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

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction 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 transaction, the insider now owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on UBER. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a report on Thursday, October 31st. BMO Capital Markets reaffirmed an “outperform” rating and set a $92.00 price target on shares of Uber Technologies in a report on Friday, October 11th. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a report on Friday, November 1st. Daiwa Capital Markets downgraded Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price target for the company. in a research note on Thursday, October 17th. Finally, Royal Bank of Canada increased their price objective on shares of Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $91.53.

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.