Aviso Wealth Management Increases Position in Uber Technologies, Inc. (NYSE:UBER)

Aviso Wealth Management increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 33.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,726 shares of the ride-sharing company’s stock after buying an additional 10,103 shares during the period. Uber Technologies comprises 1.3% of Aviso Wealth Management’s portfolio, making the stock its 14th largest holding. Aviso Wealth Management’s holdings in Uber Technologies were worth $2,457,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Avion Wealth increased its position in shares of Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after buying an additional 218 shares in the last quarter. Runnymede Capital Advisors Inc. acquired a new position in Uber Technologies during the fourth quarter worth about $28,000. GHP Investment Advisors Inc. lifted its holdings in shares of Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 223 shares in the last quarter. Kieckhefer Group LLC purchased a new position in shares of Uber Technologies during the 4th quarter worth approximately $33,000. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Uber Technologies during the 4th quarter worth approximately $35,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. KGI Securities reissued a “neutral” rating and set a $78.00 price target on shares of Uber Technologies in a research report on Tuesday, March 11th. The Goldman Sachs Group reissued a “buy” rating and issued a $96.00 target price on shares of Uber Technologies in a research note on Thursday, January 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $82.00 price target on shares of Uber Technologies in a research note on Thursday, February 6th. Wells Fargo & Company reduced their price objective on shares of Uber Technologies from $90.00 to $87.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Finally, Wolfe Research raised their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $90.31.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the company’s 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 directly owns 86,973 shares in the company, valued at $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the transaction, the insider now owns 114,241 shares in the company, valued at approximately $8,027,715.07. This trade represents a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,154 shares of company stock valued at $5,793,869. 3.84% of the stock is currently owned by insiders.

Uber Technologies Stock Down 1.2 %

Shares of NYSE UBER opened at $75.59 on Wednesday. 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 1 year low of $54.84 and a 1 year high of $87.00. The stock’s 50-day simple moving average is $73.06 and its 200-day simple moving average is $71.67. The firm has a market cap of $157.91 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 0.89 and a beta of 1.39.

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

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.