Canvas Wealth Advisors LLC Raises Holdings in Uber Technologies, Inc. (NYSE:UBER)

Canvas Wealth Advisors LLC boosted its stake in Uber Technologies, Inc. (NYSE:UBER) by 13.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 173,264 shares of the ride-sharing company’s stock after purchasing an additional 21,043 shares during the period. Uber Technologies comprises 2.6% of Canvas Wealth Advisors LLC’s investment portfolio, making the stock its 14th largest position. Canvas Wealth Advisors LLC’s holdings in Uber Technologies were worth $10,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ascent Wealth Partners LLC bought a new stake in Uber Technologies during the 3rd quarter valued at $2,087,000. Teachers Retirement System of The State of Kentucky raised its stake in shares of Uber Technologies by 4.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock valued at $24,180,000 after acquiring an additional 13,433 shares during the last quarter. Aviso Wealth Management bought a new position in shares of Uber Technologies during the third quarter valued at about $2,302,000. Polianta Ltd purchased a new stake in shares of Uber Technologies during the fourth quarter worth about $1,206,000. Finally, Brophy Wealth Management LLC bought a new stake in shares of Uber Technologies in the third quarter worth about $1,041,000. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Up 6.8 %

Uber Technologies stock opened at $74.76 on Monday. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The business’s fifty day moving average is $65.34 and its 200 day moving average is $70.14. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The stock has a market capitalization of $157.43 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 0.81 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results 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, sell-side analysts predict that Uber Technologies, Inc. will post 2.4 EPS for the current year.

Wall Street Analyst Weigh In

UBER has been the subject of several research analyst reports. 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 report on Thursday. Daiwa America cut shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Loop Capital boosted their price objective on shares of Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. UBS Group dropped their target price on shares of Uber Technologies from $114.00 to $107.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $96.00 price target on shares of Uber Technologies in a research report on Thursday, January 2nd. Seven analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.70.

Insiders Place Their Bets

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 stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the sale, the insider now directly owns 107,289 shares in the company, valued at $7,821,368.10. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.84% of the stock is currently owned by insiders.

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.