ZWJ Investment Counsel Inc. Buys 190,003 Shares of Uber Technologies, Inc. (NYSE:UBER)

ZWJ Investment Counsel Inc. grew its stake in Uber Technologies, Inc. (NYSE:UBER) by 213.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 279,177 shares of the ride-sharing company’s stock after purchasing an additional 190,003 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in Uber Technologies were worth $16,840,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Financial Management Professionals Inc. lifted its stake in Uber Technologies by 104.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after acquiring an additional 252 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new stake in shares of Uber Technologies in the fourth quarter valued at about $35,000. Kieckhefer Group LLC bought a new position in shares of Uber Technologies during the fourth quarter valued at about $33,000. Transcendent Capital Group LLC boosted its holdings in Uber Technologies by 3,928.6% during the third quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock worth $42,000 after purchasing an additional 550 shares during the last quarter. Finally, Fortitude Family Office LLC grew its position in Uber Technologies by 84.7% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of research analyst reports. Truist Financial cut their target price on Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Raymond James began coverage on Uber Technologies in a research report on Tuesday, September 24th. They issued a “strong-buy” rating and a $90.00 price objective on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $96.00 target price on shares of Uber Technologies in a research report on Thursday, January 2nd. DA Davidson boosted their price target on shares of Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Wolfe Research raised their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Seven investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $91.53.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the firm’s 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 transaction, the insider now directly owns 107,289 shares in the company, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.80% of the company’s stock.

Uber Technologies Stock Down 1.9 %

Shares of NYSE UBER opened at $67.30 on Tuesday. The stock has a market capitalization of $141.71 billion, a P/E ratio of 33.48, a PEG ratio of 0.72 and a beta of 1.36. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The firm’s 50 day simple moving average is $66.16 and its two-hundred day simple moving average is $70.33. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41.

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 the consensus estimate of $0.41 by $0.79. The company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.10 EPS. As a group, analysts expect that Uber Technologies, Inc. will post 1.91 EPS for the current fiscal year.

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.