Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 8.7% in the fourth quarter, HoldingsChannel reports. The fund owned 4,254 shares of the ride-sharing company’s stock after buying an additional 342 shares during the period. Soltis Investment Advisors LLC’s holdings in Uber Technologies were worth $257,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of UBER. Silicon Valley Capital Partners lifted its position in Uber Technologies by 9.7% in the fourth quarter. Silicon Valley Capital Partners now owns 35,183 shares of the ride-sharing company’s stock worth $2,122,000 after purchasing an additional 3,111 shares during the period. Comprehensive Financial Planning Inc. PA bought a new position in Uber Technologies during the fourth quarter valued at about $90,000. Savant Capital LLC grew its holdings in Uber Technologies by 6,074.5% during the fourth quarter. Savant Capital LLC now owns 685,679 shares of the ride-sharing company’s stock worth $41,360,000 after acquiring an additional 674,574 shares during the period. Canvas Wealth Advisors LLC raised its position in Uber Technologies by 13.8% in the fourth quarter. Canvas Wealth Advisors LLC now owns 173,264 shares of the ride-sharing company’s stock worth $10,451,000 after acquiring an additional 21,043 shares in the last quarter. Finally, Focused Wealth Management Inc acquired a new stake in Uber Technologies in the 4th quarter valued at about $217,000. Institutional investors own 80.24% of the company’s stock.

Insider Activity

In related news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 107,289 shares in the company, valued at $7,821,368.10. This represents a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.84% of the stock is owned by company insiders.

Uber Technologies Stock Performance

NYSE:UBER opened at $76.90 on Wednesday. The firm has a market capitalization of $161.93 billion, a PE ratio of 16.86, a PEG ratio of 0.81 and a beta of 1.39. The firm’s fifty day simple moving average is $65.45 and its 200 day simple moving average is $70.26. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share 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%. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.4 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on UBER shares. Gordon Haskett upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Thursday, October 31st. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a report on Wednesday, February 5th. Truist Financial cut 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. Loop Capital raised their price objective on shares of Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Evercore ISI reduced their target price on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Seven investment analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $90.70.

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.