Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by DeDora Capital Inc.

DeDora Capital Inc. boosted its position in Uber Technologies, Inc. (NYSE:UBER) by 1.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,134 shares of the ride-sharing company’s stock after purchasing an additional 274 shares during the period. DeDora Capital Inc.’s holdings in Uber Technologies were worth $913,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in UBER. AMF Tjanstepension AB acquired a new stake in shares of Uber Technologies during the 3rd quarter valued at $163,468,000. Exchange Traded Concepts LLC lifted its position in shares of Uber Technologies by 395.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 4,908 shares of the ride-sharing company’s stock valued at $369,000 after acquiring an additional 3,918 shares during the last quarter. Wedge Capital Management L L P NC acquired a new stake in shares of Uber Technologies during the 3rd quarter valued at $277,000. Creative Planning lifted its position in shares of Uber Technologies by 34.0% during the 3rd quarter. Creative Planning now owns 195,163 shares of the ride-sharing company’s stock valued at $14,668,000 after acquiring an additional 49,491 shares during the last quarter. Finally, Cornerstone Wealth Management LLC lifted its holdings in shares of Uber Technologies by 11.6% in the third quarter. Cornerstone Wealth Management LLC now owns 3,793 shares of the ride-sharing company’s stock valued at $285,000 after purchasing an additional 393 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UBER has been the topic of a number of research analyst reports. JMP Securities reiterated a “market perform” rating on shares of Uber Technologies in a report on Thursday, February 6th. KeyCorp lowered their target price on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Wells Fargo & Company reduced their price target on shares of Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Loop Capital boosted their price objective on shares of Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $82.00 price objective on shares of Uber Technologies in a research note on Thursday, February 6th. Seven equities research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $90.70.

Uber Technologies Stock Down 1.2 %

Uber Technologies stock opened at $79.31 on Friday. The firm has a market cap of $167.00 billion, a price-to-earnings ratio of 17.39, a P/E/G ratio of 0.81 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The firm has a fifty day moving average price of $66.01 and a two-hundred day moving average price of $70.48.

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

Insider Activity

In other news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.84% of the stock is owned by company 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.