Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by StrongBox Wealth LLC

StrongBox Wealth LLC boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 50.2% in the 4th quarter, Holdings Channel reports. The firm owned 4,809 shares of the ride-sharing company’s stock after buying an additional 1,608 shares during the period. StrongBox Wealth LLC’s holdings in Uber Technologies were worth $290,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in UBER. Smith Thornton Advisors LLC purchased a new stake in shares of Uber Technologies in the 4th quarter valued at approximately $355,000. RMR Wealth Builders lifted its position in shares of Uber Technologies by 13.7% in the 4th quarter. RMR Wealth Builders now owns 15,482 shares of the ride-sharing company’s stock valued at $934,000 after acquiring an additional 1,869 shares in the last quarter. Essex Savings Bank lifted its position in shares of Uber Technologies by 23.8% in the 4th quarter. Essex Savings Bank now owns 7,721 shares of the ride-sharing company’s stock valued at $466,000 after acquiring an additional 1,485 shares in the last quarter. BluePath Capital Management LLC lifted its position in shares of Uber Technologies by 25.3% in the 4th quarter. BluePath Capital Management LLC now owns 15,653 shares of the ride-sharing company’s stock valued at $1,028,000 after acquiring an additional 3,158 shares in the last quarter. Finally, Sendero Wealth Management LLC lifted its position in shares of Uber Technologies by 28.4% in the 4th quarter. Sendero Wealth Management LLC now owns 55,141 shares of the ride-sharing company’s stock valued at $3,326,000 after acquiring an additional 12,185 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on UBER shares. Bank of America upped their price target on shares of Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. DA Davidson upped their price target on shares of Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Loop Capital upped their price objective on shares of Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research note on Friday, November 1st. Finally, Citizens Jmp lowered shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Seven investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.53.

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 dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the transaction, the insider now directly owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.80% of the company’s stock.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $67.06 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The firm has a fifty day moving average price of $66.43 and a two-hundred day moving average price of $70.41. The company has a market cap of $141.21 billion, a PE ratio of 33.36, a price-to-earnings-growth ratio of 0.71 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same period in the prior year, the firm earned $0.10 EPS. The business’s revenue was up 20.4% on a year-over-year basis. Analysts expect that Uber Technologies, Inc. will post 1.9 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.