Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Udine Wealth Management Inc.

Udine Wealth Management Inc. raised its holdings in Uber Technologies, Inc. (NYSE:UBER) by 31.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,857 shares of the ride-sharing company’s stock after buying an additional 8,020 shares during the quarter. Uber Technologies makes up approximately 1.3% of Udine Wealth Management Inc.’s holdings, making the stock its 19th largest holding. Udine Wealth Management Inc.’s holdings in Uber Technologies were worth $2,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Intech Investment Management LLC increased its position in Uber Technologies by 138.7% during the 2nd quarter. Intech Investment Management LLC now owns 108,598 shares of the ride-sharing company’s stock worth $7,893,000 after purchasing an additional 63,093 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in Uber Technologies by 6.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 28,236 shares of the ride-sharing company’s stock worth $2,052,000 after buying an additional 1,717 shares during the period. Hollencrest Capital Management increased its position in shares of Uber Technologies by 31.0% in the second quarter. Hollencrest Capital Management now owns 2,809 shares of the ride-sharing company’s stock worth $204,000 after acquiring an additional 665 shares in the last quarter. AE Wealth Management LLC raised its stake in shares of Uber Technologies by 25.8% in the 2nd quarter. AE Wealth Management LLC now owns 125,435 shares of the ride-sharing company’s stock valued at $9,117,000 after acquiring an additional 25,692 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Uber Technologies by 3.8% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 381,485 shares of the ride-sharing company’s stock valued at $27,772,000 after acquiring an additional 14,121 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on UBER shares. UBS Group increased their price target on Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a report on Friday, October 18th. Loop Capital raised their target price on Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Cantor Fitzgerald reissued an “overweight” rating and set a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, December 18th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $92.00 price objective on shares of Uber Technologies in a research report on Friday, October 11th. Finally, Citizens Jmp cut shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Seven analysts have rated the stock with a hold rating, thirty-one 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 presently has a consensus rating of “Moderate Buy” and an average price target of $91.53.

Uber Technologies Trading Down 1.9 %

NYSE:UBER opened at $67.30 on Friday. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The business has a fifty day moving average of $66.24 and a 200-day moving average of $70.36. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market cap of $141.71 billion, a price-to-earnings ratio of 33.48, a PEG ratio of 0.71 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.41 by $0.79. The firm had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. Uber Technologies’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the company earned $0.10 EPS. Equities analysts predict that Uber Technologies, Inc. will post 1.9 earnings per share 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.