Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Jamison Private Wealth Management Inc.

Jamison Private Wealth Management Inc. grew its holdings in Uber Technologies, Inc. (NYSE:UBER) by 94.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,417 shares of the ride-sharing company’s stock after buying an additional 2,150 shares during the period. Jamison Private Wealth Management Inc.’s holdings in Uber Technologies were worth $266,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. The Manufacturers Life Insurance Company raised its position in Uber Technologies by 3.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,294,878 shares of the ride-sharing company’s stock worth $94,098,000 after buying an additional 39,791 shares during the last quarter. SkyView Investment Advisors LLC increased its stake in shares of Uber Technologies by 6.6% during the second quarter. SkyView Investment Advisors LLC now owns 29,405 shares of the ride-sharing company’s stock worth $2,137,000 after acquiring an additional 1,810 shares during the period. Ascent Group LLC raised its holdings in Uber Technologies by 8.1% during the second quarter. Ascent Group LLC now owns 20,654 shares of the ride-sharing company’s stock worth $1,501,000 after purchasing an additional 1,546 shares in the last quarter. Creative Planning lifted its position in Uber Technologies by 3.3% in the second quarter. Creative Planning now owns 145,672 shares of the ride-sharing company’s stock valued at $10,587,000 after purchasing an additional 4,600 shares during the period. Finally, Nemes Rush Group LLC boosted its holdings in Uber Technologies by 7.5% in the 2nd quarter. Nemes Rush Group LLC now owns 20,441 shares of the ride-sharing company’s stock valued at $1,486,000 after purchasing an additional 1,434 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies 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 sale, the insider now 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.84% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on UBER shares. JMP Securities cut Uber Technologies from an “outperform” rating to a “market perform” rating and set a $95.00 price target for the company. in a report on Thursday, January 2nd. Royal Bank of Canada raised their target price on Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Truist Financial cut their price target on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a report on Friday, November 1st. Citizens Jmp downgraded shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Finally, Jefferies Financial Group increased their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Seven research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $91.53.

Uber Technologies Price Performance

Uber Technologies stock opened at $68.59 on Monday. The firm has a fifty day moving average of $65.86 and a 200-day moving average of $70.26. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $144.42 billion, a P/E ratio of 34.12, a PEG ratio of 0.77 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating 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 company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. During the same period last year, the company posted $0.10 earnings per share. The firm’s revenue was up 20.4% compared to the same quarter last year. As a group, analysts predict that Uber Technologies, Inc. will post 1.86 EPS for the current 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.