Bogart Wealth LLC Has $8.31 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Bogart Wealth LLC raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 13.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 137,715 shares of the ride-sharing company’s stock after acquiring an additional 16,185 shares during the quarter. Bogart Wealth LLC’s holdings in Uber Technologies were worth $8,307,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Asset Management One Co. Ltd. lifted its position in Uber Technologies by 3.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 777,585 shares of the ride-sharing company’s stock worth $47,534,000 after buying an additional 24,157 shares in the last quarter. Aljian Capital Management LLC raised its holdings in Uber Technologies by 2.0% during the fourth quarter. Aljian Capital Management LLC now owns 16,479 shares of the ride-sharing company’s stock worth $994,000 after acquiring an additional 325 shares in the last quarter. Hemington Wealth Management boosted its position in Uber Technologies by 14.8% during the fourth quarter. Hemington Wealth Management now owns 1,740 shares of the ride-sharing company’s stock valued at $104,000 after purchasing an additional 224 shares during the last quarter. MFG Wealth Management Inc. bought a new position in Uber Technologies in the fourth quarter valued at approximately $1,997,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Uber Technologies during the 4th quarter worth approximately $114,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Jefferies Financial Group raised their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Piper Sandler lowered their price objective on shares of Uber Technologies from $82.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. KeyCorp cut their target price on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. Royal Bank of Canada reissued an “outperform” rating and set a $82.00 price target on shares of Uber Technologies in a research report on Thursday, February 6th. Finally, Citizens Jmp cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Seven investment analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $90.70.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction that occurred on 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 sale, the insider now directly owns 107,289 shares in the company, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Up 1.2 %

Shares of NYSE UBER opened at $80.34 on Friday. The company has a market cap of $169.16 billion, a price-to-earnings ratio of 17.62, a PEG ratio of 0.81 and a beta of 1.39. 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 stock has a 50-day moving average price of $65.71 and a two-hundred day moving average price of $70.41. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share 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, analysts forecast that Uber Technologies, Inc. will post 2.4 earnings per share 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.