TrueWealth Advisors LLC Purchases New Shares in Uber Technologies, Inc. (NYSE:UBER)

TrueWealth Advisors LLC acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the 4th quarter, Holdings Channel.com reports. The fund acquired 8,469 shares of the ride-sharing company’s stock, valued at approximately $511,000.

A number of other institutional investors also recently bought and sold shares of UBER. Ascent Wealth Partners LLC purchased a new stake in shares of Uber Technologies during the third quarter worth approximately $2,087,000. Teachers Retirement System of The State of Kentucky increased its stake in Uber Technologies by 4.4% in 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 during the period. Aviso Wealth Management purchased a new position in Uber Technologies during the 3rd quarter worth $2,302,000. Brophy Wealth Management LLC acquired a new stake in shares of Uber Technologies in the 3rd quarter worth $1,041,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Uber Technologies by 9.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,752,471 shares of the ride-sharing company’s stock worth $432,356,000 after acquiring an additional 512,591 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now owns 107,289 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.80% of the company’s stock.

Uber Technologies Stock Down 1.9 %

Shares of NYSE UBER opened at $67.30 on Friday. The stock has a fifty day moving average price of $66.24 and a 200 day moving average price of $70.37. The company has a market cap of $141.71 billion, a P/E ratio of 33.48, a P/E/G ratio of 0.71 and a beta of 1.36. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. 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 (NYSE:UBER) last released its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. During the same period in the previous year, the company posted $0.10 EPS. Uber Technologies’s revenue for the quarter was up 20.4% on a year-over-year basis. Research analysts anticipate that Uber Technologies, Inc. will post 1.9 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on UBER. Bank of America lifted their price objective on Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Royal Bank of Canada lifted their price target on Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, December 18th. DA Davidson boosted their target price on shares of Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $96.00 price target on shares of Uber Technologies in a report on Thursday, January 2nd. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $91.53.

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.