Fairvoy Private Wealth LLC Acquires Shares of 49,452 Uber Technologies, Inc. (NYSE:UBER)

Fairvoy Private Wealth LLC acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 49,452 shares of the ride-sharing company’s stock, valued at approximately $2,983,000.

Several other institutional investors have also added to or reduced their stakes in the business. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Uber Technologies by 8.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 245,680 shares of the ride-sharing company’s stock valued at $14,819,000 after purchasing an additional 18,920 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Uber Technologies by 3.4% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,949,375 shares of the ride-sharing company’s stock valued at $358,866,000 after purchasing an additional 196,904 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in Uber Technologies during the fourth quarter valued at about $4,136,000. Leo Wealth LLC lifted its holdings in shares of Uber Technologies by 540.3% in the fourth quarter. Leo Wealth LLC now owns 19,874 shares of the ride-sharing company’s stock worth $1,199,000 after buying an additional 16,770 shares in the last quarter. Finally, 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 worth $29,000 after buying an additional 223 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was 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 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 legal filing with the SEC, which is available through this link. 3.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

UBER has been the topic of a number of recent analyst reports. KeyCorp lowered their price target on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. Truist Financial lowered their price target on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Daiwa America downgraded shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Bank of America increased their price target on shares of Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, UBS Group lowered their price target on shares of Uber Technologies from $114.00 to $107.00 and set a “buy” rating on the stock in a report on Monday. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.19.

Uber Technologies Stock Up 8.6 %

Shares of Uber Technologies stock opened at $70.04 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. 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’s 50 day moving average price is $65.31 and its 200-day moving average price is $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%. Equities research analysts forecast that Uber Technologies, Inc. will post 1.89 EPS for the current year.

Uber Technologies 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.