IFP Advisors Inc Raises Holdings in Uber Technologies, Inc. (NYSE:UBER)

IFP Advisors Inc lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 35.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 34,477 shares of the ride-sharing company’s stock after acquiring an additional 9,061 shares during the period. IFP Advisors Inc’s holdings in Uber Technologies were worth $2,080,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Hardman Johnston Global Advisors LLC purchased a new stake in shares of Uber Technologies during the fourth quarter worth about $4,495,000. Dover Advisors LLC grew its stake in shares of Uber Technologies by 28.7% during the fourth quarter. Dover Advisors LLC now owns 21,917 shares of the ride-sharing company’s stock worth $1,322,000 after acquiring an additional 4,887 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Uber Technologies during the fourth quarter worth about $3,629,000. MONECO Advisors LLC grew its stake in shares of Uber Technologies by 10.6% during the fourth quarter. MONECO Advisors LLC now owns 5,357 shares of the ride-sharing company’s stock worth $323,000 after acquiring an additional 513 shares during the last quarter. Finally, Howard Capital Management Inc. boosted its position in Uber Technologies by 6.4% in the fourth quarter. Howard Capital Management Inc. now owns 12,611 shares of the ride-sharing company’s stock valued at $761,000 after buying an additional 757 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, February 5th. Loop Capital upped their target price on Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Citizens Jmp lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Evercore ISI dropped their target price on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $82.00 price target on shares of Uber Technologies in a report on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.94.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 owns 86,973 shares of the company’s stock, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.80% of the company’s stock.

Uber Technologies Price Performance

NYSE:UBER opened at $74.97 on Wednesday. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The stock has a market cap of $156.61 billion, a PE ratio of 16.44, a P/E/G ratio of 0.89 and a beta of 1.39. The stock has a 50 day moving average price of $68.37 and a 200 day moving average price of $71.39.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal 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.