Principle Wealth Partners LLC Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

Principle Wealth Partners LLC bought a new position in Uber Technologies, Inc. (NYSE:UBER) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 6,195 shares of the ride-sharing company’s stock, valued at approximately $374,000.

Several other large investors have also added to or reduced their stakes in UBER. Ascent Wealth Partners LLC bought a new stake in shares of Uber Technologies during the 3rd quarter valued at about $2,087,000. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Uber Technologies by 4.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock valued at $24,180,000 after buying an additional 13,433 shares in the last quarter. Aviso Wealth Management purchased a new position in shares of Uber Technologies during the 3rd quarter valued at about $2,302,000. Polianta Ltd purchased a new position in shares of Uber Technologies during the 4th quarter valued at about $1,206,000. Finally, Brophy Wealth Management LLC purchased a new position in shares of Uber Technologies during the 3rd quarter valued at about $1,041,000. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

Shares of UBER stock opened at $76.90 on Wednesday. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The stock has a market cap of $161.93 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 0.81 and a beta of 1.39. The business’s fifty day moving average is $65.45 and its 200 day moving average is $70.26. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Research analysts expect that Uber Technologies, Inc. will post 2.4 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In related 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 sale, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.84% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on UBER shares. Piper Sandler decreased their price objective on Uber Technologies from $82.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Evercore ISI decreased their price objective on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $80.00 price target on shares of Uber Technologies in a research note on Thursday, February 6th. Wolfe Research lifted their price target on Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Finally, Tigress Financial lifted their price target on Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Seven research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.70.

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.