Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Westwood Wealth Management

Westwood Wealth Management increased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,575 shares of the ride-sharing company’s stock after purchasing an additional 300 shares during the period. Uber Technologies accounts for about 0.9% of Westwood Wealth Management’s investment portfolio, making the stock its 16th largest holding. Westwood Wealth Management’s holdings in Uber Technologies were worth $2,508,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Quarry LP grew its position in Uber Technologies by 137.2% in the third quarter. Quarry LP now owns 1,499 shares of the ride-sharing company’s stock worth $113,000 after buying an additional 867 shares during the last quarter. Weiss Asset Management LP bought a new stake in shares of Uber Technologies during the 3rd quarter worth $6,586,000. Kovitz Investment Group Partners LLC grew its holdings in shares of Uber Technologies by 28.4% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 61,044 shares of the ride-sharing company’s stock worth $4,588,000 after acquiring an additional 13,517 shares during the last quarter. EP Wealth Advisors LLC raised its position in shares of Uber Technologies by 10.9% during the third quarter. EP Wealth Advisors LLC now owns 87,650 shares of the ride-sharing company’s stock worth $6,588,000 after purchasing an additional 8,580 shares during the period. Finally, iA Global Asset Management Inc. lifted its holdings in shares of Uber Technologies by 15.8% during the third quarter. iA Global Asset Management Inc. now owns 203,193 shares of the ride-sharing company’s stock valued at $15,272,000 after purchasing an additional 27,743 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. DA Davidson dropped their price target on Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Royal Bank of Canada restated an “outperform” rating and set a $82.00 price target on shares of Uber Technologies in a report on Thursday, February 6th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $96.00 price objective on shares of Uber Technologies in a research note on Thursday, January 2nd. Cantor Fitzgerald restated an “overweight” rating and issued a $80.00 target price on shares of Uber Technologies in a report on Thursday, February 6th. Finally, Truist Financial upped their price target on Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, March 6th. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $90.41.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tony West sold 23,404 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the sale, the insider now directly owns 114,241 shares in the company, valued at $8,027,715.07. This trade represents a 17.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,154 shares of company stock worth $5,793,869 in the last ninety days. Insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

NYSE UBER opened at $64.50 on Friday. The stock has a market capitalization of $134.92 billion, a PE ratio of 14.14, a P/E/G ratio of 0.89 and a beta of 1.37. The stock has a 50-day simple moving average of $73.75 and a 200 day simple moving average of $71.75. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data 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%. Research analysts anticipate that Uber Technologies, Inc. will post 2.54 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.