Stratos Wealth Partners LTD. Buys 1,271 Shares of Uber Technologies, Inc. (NYSE:UBER)

Stratos Wealth Partners LTD. lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 73,752 shares of the ride-sharing company’s stock after acquiring an additional 1,271 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Uber Technologies were worth $4,449,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Retirement Systems of Alabama raised its holdings in Uber Technologies by 2.4% during the fourth quarter. Retirement Systems of Alabama now owns 1,107,558 shares of the ride-sharing company’s stock valued at $66,808,000 after acquiring an additional 25,756 shares during the period. Sargent Investment Group LLC purchased a new stake in shares of Uber Technologies during the fourth quarter worth about $550,000. Redwood Wealth Management Group LLC lifted its holdings in Uber Technologies by 6.3% in the 4th quarter. Redwood Wealth Management Group LLC now owns 8,955 shares of the ride-sharing company’s stock worth $540,000 after purchasing an additional 530 shares in the last quarter. Greenwood Capital Associates LLC boosted its stake in Uber Technologies by 6.4% in the 4th quarter. Greenwood Capital Associates LLC now owns 84,658 shares of the ride-sharing company’s stock worth $5,107,000 after purchasing an additional 5,095 shares during the period. Finally, Mather Group LLC. grew its holdings in Uber Technologies by 12.2% during the 4th quarter. Mather Group LLC. now owns 6,010 shares of the ride-sharing company’s stock valued at $362,000 after buying an additional 653 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Jill Hazelbaker sold 27,780 shares of the firm’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 sale, the insider now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $82.00 target price on shares of Uber Technologies in a report on Thursday. KeyCorp dropped their price objective on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Wolfe Research lifted their target price on Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Wells Fargo & Company decreased their target price on Uber Technologies from $90.00 to $87.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Daiwa Capital Markets cut Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price target for the company. in a report on Thursday, October 17th. Seven equities research 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. According to MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $90.19.

Uber Technologies Price Performance

Shares of UBER stock opened at $70.04 on Friday. The stock has a market capitalization of $147.47 billion, a price-to-earnings ratio of 34.84, a P/E/G ratio of 0.77 and a beta of 1.39. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The stock has a fifty day simple moving average of $65.31 and a two-hundred day simple moving average of $70.07.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. On average, analysts predict that Uber Technologies, Inc. will post 1.89 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.