Atticus Wealth Management LLC Increases Stake in Uber Technologies, Inc. (NYSE:UBER)

Atticus Wealth Management LLC raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 23.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,229 shares of the ride-sharing company’s stock after buying an additional 426 shares during the period. Atticus Wealth Management LLC’s holdings in Uber Technologies were worth $134,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Ascent Wealth Partners LLC purchased a new stake in Uber Technologies during the 3rd quarter valued at $2,087,000. Teachers Retirement System of The State of Kentucky raised its stake in shares of Uber Technologies by 4.4% during the third 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 acquiring an additional 13,433 shares during the last quarter. Aviso Wealth Management purchased a new stake in shares of Uber Technologies during the third quarter worth about $2,302,000. Polianta Ltd bought a new stake in shares of Uber Technologies in the fourth quarter worth about $1,206,000. Finally, Brophy Wealth Management LLC purchased a new position in Uber Technologies during the 3rd quarter valued at about $1,041,000. 80.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on UBER. Bank of America boosted their price target on shares of Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. KeyCorp decreased their target price on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Jefferies Financial Group lifted their price target on Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. DA Davidson upped their price objective on shares of Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research report on Friday, November 1st. Seven equities 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 stock has an average rating of “Moderate Buy” and a consensus target price of $91.53.

Uber Technologies Trading Up 0.4 %

UBER opened at $68.59 on Monday. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market cap of $144.42 billion, a price-to-earnings ratio of 34.12, a P/E/G ratio of 0.77 and a beta of 1.36. The stock’s 50 day moving average price is $65.86 and its 200-day moving average price is $70.26.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. The firm had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 earnings per share. On average, equities analysts forecast that Uber Technologies, Inc. will post 1.86 EPS for the current year.

Insider Activity at Uber Technologies

In other Uber Technologies 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 value of $2,025,162.00. Following the completion of the sale, the insider now directly owns 107,289 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.84% of the stock is currently owned by corporate insiders.

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.