Stratos Wealth Advisors LLC Purchases 3,026 Shares of Uber Technologies, Inc. (NYSE:UBER)

Stratos Wealth Advisors LLC lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 56.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,353 shares of the ride-sharing company’s stock after purchasing an additional 3,026 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Uber Technologies were worth $504,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Financial Management Professionals Inc. raised its stake in Uber Technologies by 104.1% during the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after buying an additional 252 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new stake in Uber Technologies during the fourth quarter valued at $35,000. Kieckhefer Group LLC purchased a new stake in Uber Technologies during the fourth quarter valued at $33,000. Transcendent Capital Group LLC increased its position in Uber Technologies by 3,928.6% during the third quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock valued at $42,000 after acquiring an additional 550 shares during the last quarter. Finally, Fortitude Family Office LLC increased its position in Uber Technologies by 84.7% during the third quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company’s stock valued at $45,000 after acquiring an additional 276 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Stock Up 6.8 %

Shares of NYSE:UBER opened at $74.76 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The stock has a market cap of $157.43 billion, a P/E ratio of 37.20, a price-to-earnings-growth ratio of 0.77 and a beta of 1.39. The business’s 50 day moving average is $65.28 and its 200 day moving average is $70.07. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. Sell-side analysts predict that Uber Technologies, Inc. will post 1.89 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on UBER shares. Citigroup cut their price target on Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a report on Thursday. Piper Sandler cut their price target on Uber Technologies from $82.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday. Wolfe Research boosted their price target on Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Gordon Haskett raised Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a report on Thursday, October 31st. Finally, Evercore ISI dropped their price objective on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a research note on Thursday. Seven investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $90.19.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was 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 owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.80% 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.