Valeo Financial Advisors LLC Acquires 13,872 Shares of Uber Technologies, Inc. (NYSE:UBER)

Valeo Financial Advisors LLC grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 54.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 39,507 shares of the ride-sharing company’s stock after acquiring an additional 13,872 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Uber Technologies were worth $2,383,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. AMF Tjanstepension AB bought a new stake in shares of Uber Technologies in the 3rd quarter valued at approximately $163,468,000. Exchange Traded Concepts LLC lifted its position in Uber Technologies by 395.8% in the third quarter. Exchange Traded Concepts LLC now owns 4,908 shares of the ride-sharing company’s stock worth $369,000 after buying an additional 3,918 shares during the last quarter. Creative Planning increased its position in Uber Technologies by 34.0% during the third quarter. Creative Planning now owns 195,163 shares of the ride-sharing company’s stock valued at $14,668,000 after acquiring an additional 49,491 shares during the last quarter. Cornerstone Wealth Management LLC raised its stake in shares of Uber Technologies by 11.6% in the third quarter. Cornerstone Wealth Management LLC now owns 3,793 shares of the ride-sharing company’s stock valued at $285,000 after acquiring an additional 393 shares during the period. Finally, nVerses Capital LLC raised its stake in shares of Uber Technologies by 7.7% in the third quarter. nVerses Capital LLC now owns 4,200 shares of the ride-sharing company’s stock valued at $316,000 after acquiring an additional 300 shares during the period. Institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction on 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 owns 107,289 shares in the company, valued at $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Trading Down 1.2 %

Shares of Uber Technologies stock opened at $79.31 on Friday. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The firm’s 50 day simple moving average is $66.27 and its two-hundred day simple moving average is $70.64. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $167.00 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 0.81 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Analysts predict that Uber Technologies, Inc. will post 2.4 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on UBER. Wolfe Research upped their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Citizens Jmp downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. DA Davidson dropped their price objective on Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research note on Friday, January 31st. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $80.00 target price on shares of Uber Technologies in a research note on Thursday, February 6th. Seven analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $90.70.

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.