Ritholtz Wealth Management Grows Position in Uber Technologies, Inc. (NYSE:UBER)

Ritholtz Wealth Management grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 3.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 36,776 shares of the ride-sharing company’s stock after acquiring an additional 1,331 shares during the period. Ritholtz Wealth Management’s holdings in Uber Technologies were worth $2,218,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Financial Management Professionals Inc. grew its position in Uber Technologies by 104.1% during the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock worth $37,000 after buying an additional 252 shares during the period. Kieckhefer Group LLC acquired a new stake in shares of Uber Technologies in the 4th quarter worth approximately $33,000. Transcendent Capital Group LLC increased its stake in Uber Technologies by 3,928.6% in the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock valued at $42,000 after purchasing an additional 550 shares in the last quarter. Fortitude Family Office LLC raised its holdings in Uber Technologies by 84.7% during the third quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company’s stock worth $45,000 after purchasing an additional 276 shares during the last quarter. Finally, ORG Partners LLC boosted its position in Uber Technologies by 142.9% during the third quarter. ORG Partners LLC now owns 651 shares of the ride-sharing company’s stock worth $49,000 after purchasing an additional 383 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Tigress Financial raised their price target on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Gordon Haskett upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Thursday, October 31st. DA Davidson increased their price target on shares of Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Royal Bank of Canada raised 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. Finally, JMP Securities lowered Uber Technologies from an “outperform” rating to a “market perform” rating and set a $95.00 target price on the stock. in a research note on Thursday, January 2nd. Seven investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $91.53.

Uber Technologies Stock Down 1.9 %

Shares of NYSE:UBER opened at $67.30 on Friday. The stock has a 50-day simple moving average of $66.24 and a 200-day simple moving average of $70.37. The stock has a market capitalization of $141.71 billion, a P/E ratio of 33.48, a PEG ratio of 0.71 and a beta of 1.36. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41.

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

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction dated 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 in the company, valued at $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.84% of the stock is owned by insiders.

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.