Naviter Wealth LLC Raises Holdings in Uber Technologies, Inc. (NYSE:UBER)

Naviter Wealth LLC lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 109.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 20,056 shares of the ride-sharing company’s stock after acquiring an additional 10,473 shares during the quarter. Naviter Wealth LLC’s holdings in Uber Technologies were worth $1,210,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in UBER. Fiera Capital Corp raised its holdings in Uber Technologies by 9.1% during the 3rd quarter. Fiera Capital Corp now owns 97,912 shares of the ride-sharing company’s stock valued at $7,359,000 after acquiring an additional 8,200 shares during the period. Leavell Investment Management Inc. grew its position in shares of Uber Technologies by 42.2% in the third quarter. Leavell Investment Management Inc. now owns 20,748 shares of the ride-sharing company’s stock valued at $1,559,000 after purchasing an additional 6,155 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc raised its stake in shares of Uber Technologies by 1.0% during the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 353,448 shares of the ride-sharing company’s stock valued at $26,572,000 after purchasing an additional 3,570 shares during the period. CWA Asset Management Group LLC purchased a new stake in Uber Technologies during the 3rd quarter worth about $586,000. Finally, Galvin Gaustad & Stein LLC boosted its stake in Uber Technologies by 1,292.5% in the 3rd quarter. Galvin Gaustad & Stein LLC now owns 221,108 shares of the ride-sharing company’s stock worth $16,618,000 after purchasing an additional 205,229 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

NYSE:UBER opened at $76.38 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. 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 market cap of $159.55 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The business has a 50 day moving average price of $70.92 and a 200-day moving average price of $71.63.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the sale, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.84% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on UBER shares. Citigroup decreased their price target on Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Tigress Financial upped their target price on shares of Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Wolfe Research raised their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Arete Research upgraded shares of Uber Technologies to a “hold” rating in a research report on Tuesday, February 18th. Finally, UBS Group reiterated a “buy” rating on shares of Uber Technologies in a research report on Friday, February 21st. Eight equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $90.71.

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.