Trajan Wealth LLC Purchases 7,829 Shares of Uber Technologies, Inc. (NYSE:UBER)

Trajan Wealth LLC lifted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 4.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 193,668 shares of the ride-sharing company’s stock after purchasing an additional 7,829 shares during the period. Trajan Wealth LLC’s holdings in Uber Technologies were worth $11,682,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. M&T Bank Corp grew its position in shares of Uber Technologies by 4.8% in the 3rd quarter. M&T Bank Corp now owns 175,104 shares of the ride-sharing company’s stock worth $13,161,000 after buying an additional 7,968 shares during the last quarter. Invst LLC raised its position in Uber Technologies by 5.0% during the third quarter. Invst LLC now owns 4,108 shares of the ride-sharing company’s stock valued at $309,000 after acquiring an additional 197 shares in the last quarter. Advisory Resource Group increased its holdings in Uber Technologies by 1.6% in the third quarter. Advisory Resource Group now owns 13,993 shares of the ride-sharing company’s stock valued at $1,052,000 after buying an additional 222 shares in the last quarter. Virtu Financial LLC acquired a new stake in Uber Technologies in the third quarter valued at approximately $1,328,000. Finally, SkyView Investment Advisors LLC increased its holdings in Uber Technologies by 3.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 30,280 shares of the ride-sharing company’s stock worth $2,276,000 after acquiring an additional 875 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on UBER shares. KGI Securities reaffirmed a “neutral” rating and set a $78.00 target price on shares of Uber Technologies in a report on Tuesday, March 11th. Arete Research raised Uber Technologies to a “hold” rating in a research note on Tuesday, February 18th. The Goldman Sachs Group reissued a “buy” rating and issued a $96.00 price target on shares of Uber Technologies in a research note on Thursday, January 2nd. DA Davidson cut their price objective on Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, UBS Group reiterated a “buy” rating on shares of Uber Technologies in a report on Friday, February 21st. Ten analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $89.81.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $75.28 on Friday. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The company has a market cap of $157.47 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 0.89 and a beta of 1.37. The business has a 50 day moving average price of $74.06 and a 200 day moving average price of $71.45.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping 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%. Research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the sale, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This 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 accessible through this link. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the sale, the senior vice president now directly owns 361,908 shares in the company, valued at $25,901,755.56. This trade represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 77,154 shares of company stock worth $5,793,869 over the last three months. Company insiders own 3.84% of the company’s stock.

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.