Hemington Wealth Management Grows Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Hemington Wealth Management grew its position in Uber Technologies, Inc. (NYSE:UBER) by 14.8% during the 4th quarter, HoldingsChannel reports. The fund owned 1,740 shares of the ride-sharing company’s stock after purchasing an additional 224 shares during the period. Hemington Wealth Management’s holdings in Uber Technologies were worth $104,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UBER. AMF Tjanstepension AB purchased a new position in shares of Uber Technologies during the third quarter worth approximately $163,468,000. Exchange Traded Concepts LLC increased its holdings in shares of Uber Technologies by 395.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 4,908 shares of the ride-sharing company’s stock valued at $369,000 after acquiring an additional 3,918 shares during the period. Procyon Advisors LLC increased its holdings in shares of Uber Technologies by 2.1% in the 3rd quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company’s stock valued at $476,000 after acquiring an additional 131 shares during the period. ORG Partners LLC grew its stake in Uber Technologies by 142.9% in the third quarter. ORG Partners LLC now owns 651 shares of the ride-sharing company’s stock valued at $49,000 after purchasing an additional 383 shares during the last quarter. Finally, Wedge Capital Management L L P NC purchased a new position in Uber Technologies during the 3rd quarter worth $277,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Performance

NYSE:UBER opened at $79.45 on Thursday. The firm’s fifty day simple moving average is $65.56 and its 200 day simple moving average is $70.34. The firm has a market capitalization of $167.30 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 0.81 and a beta of 1.39. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month 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 quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. As a group, equities research analysts expect that Uber Technologies, Inc. will post 2.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on UBER shares. JPMorgan Chase & Co. dropped their target price on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Daiwa America downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. 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. Citizens Jmp cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $82.00 target price on shares of Uber Technologies in a research report on Thursday, February 6th. Seven analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $90.70.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the company’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 of the company’s stock, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.84% of the company’s stock.

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.