Tower View Wealth Management LLC Invests $1.45 Million in Uber Technologies, Inc. (NYSE:UBER)

Tower View Wealth Management LLC bought a new position in Uber Technologies, Inc. (NYSE:UBER) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 23,969 shares of the ride-sharing company’s stock, valued at approximately $1,446,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jmac Enterprises LLC boosted its stake in Uber Technologies by 2.1% in the 3rd quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company’s stock worth $552,000 after purchasing an additional 150 shares in the last quarter. Canopy Partners LLC boosted its stake in Uber Technologies by 2.2% in the 3rd quarter. Canopy Partners LLC now owns 6,958 shares of the ride-sharing company’s stock worth $523,000 after purchasing an additional 151 shares in the last quarter. Drive Wealth Management LLC boosted its stake in Uber Technologies by 3.1% in the 4th quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company’s stock worth $312,000 after purchasing an additional 155 shares in the last quarter. Institute for Wealth Management LLC. boosted its stake in Uber Technologies by 2.4% in the 4th quarter. Institute for Wealth Management LLC. now owns 6,606 shares of the ride-sharing company’s stock worth $398,000 after purchasing an additional 155 shares in the last quarter. Finally, AlphaCore Capital LLC boosted its stake in Uber Technologies by 1.4% in the 3rd quarter. AlphaCore Capital LLC now owns 12,231 shares of the ride-sharing company’s stock worth $919,000 after purchasing an additional 169 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Trading Up 2.5 %

Shares of UBER opened at $76.07 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The company has a 50 day simple moving average of $69.53 and a two-hundred day simple moving average of $71.54. The firm has a market cap of $158.90 billion, a P/E ratio of 16.68, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. On average, equities analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the sale, the insider now directly owns 86,973 shares of the company’s stock, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on UBER shares. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research note on Friday, January 31st. Evercore ISI lowered their target price on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Arete Research upgraded shares of Uber Technologies to a “hold” rating in a research note on Tuesday, February 18th. Wells Fargo & Company lowered their target price on shares of Uber Technologies from $90.00 to $87.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Finally, Wolfe Research upped their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Eight analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.94.

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.