Modera Wealth Management LLC Purchases 422 Shares of Uber Technologies, Inc. (NYSE:UBER)

Modera Wealth Management LLC boosted its stake in Uber Technologies, Inc. (NYSE:UBER) by 8.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,579 shares of the ride-sharing company’s stock after purchasing an additional 422 shares during the quarter. Modera Wealth Management LLC’s holdings in Uber Technologies were worth $337,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Ascent Wealth Partners LLC purchased a new stake in Uber Technologies in the 3rd quarter worth $2,087,000. Teachers Retirement System of The State of Kentucky lifted its stake in Uber Technologies by 4.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock worth $24,180,000 after purchasing an additional 13,433 shares in the last quarter. Aviso Wealth Management purchased a new stake in Uber Technologies in the 3rd quarter worth $2,302,000. Polianta Ltd purchased a new stake in Uber Technologies in the 4th quarter worth $1,206,000. Finally, Allworth Financial LP lifted its stake in Uber Technologies by 8.9% in the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock worth $1,229,000 after purchasing an additional 1,663 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

UBER has been the topic of several research analyst reports. Tigress Financial boosted their price target on shares of Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. DA Davidson decreased their target price on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Benchmark restated a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. Needham & Company LLC restated a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating, twenty-six have issued 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 a consensus target price of $90.81.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the sale, the insider now directly owns 86,973 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

Shares of UBER stock opened at $75.33 on Wednesday. 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 company’s 50-day simple moving average is $70.05 and its two-hundred day simple moving average is $71.57. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The company has a market capitalization of $157.37 billion, a P/E ratio of 16.52, a P/E/G ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data 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%. As a group, equities 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.