Dynasty Wealth Management LLC Acquires New Shares in Uber Technologies, Inc. (NYSE:UBER)

Dynasty Wealth Management LLC bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 16,760 shares of the ride-sharing company’s stock, valued at approximately $1,011,000.

A number of other large investors have also recently made changes to their positions in the stock. AMF Tjanstepension AB purchased a new stake in shares of Uber Technologies in the third quarter worth about $163,468,000. Financial Advocates Investment Management lifted its stake in Uber Technologies by 7.3% in the 3rd quarter. Financial Advocates Investment Management now owns 15,419 shares of the ride-sharing company’s stock worth $1,159,000 after purchasing an additional 1,054 shares in the last quarter. Goldstone Financial Group LLC bought a new position in Uber Technologies in the 3rd quarter valued at $235,000. HM Payson & Co. boosted its holdings in Uber Technologies by 42.9% in the 3rd quarter. HM Payson & Co. now owns 1,215 shares of the ride-sharing company’s stock valued at $91,000 after purchasing an additional 365 shares during the period. Finally, Hills Bank & Trust Co increased its holdings in shares of Uber Technologies by 42.4% in the third quarter. Hills Bank & Trust Co now owns 3,358 shares of the ride-sharing company’s stock worth $252,000 after purchasing an additional 1,000 shares during the period. 80.24% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 31,000 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 86,973 shares of the company’s stock, valued at $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

UBER has been the topic of a number of recent analyst reports. UBS Group reissued a “buy” rating on shares of Uber Technologies in a research note on Friday, February 21st. The Goldman Sachs Group reiterated a “buy” rating and set a $96.00 price target on shares of Uber Technologies in a research report on Thursday, January 2nd. Truist Financial decreased their price objective on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. Finally, Citigroup cut their price target on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.94.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $76.07 on Friday. The business has a 50 day moving average of $69.53 and a 200 day moving average of $71.53. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The company has a market cap of $158.90 billion, a PE ratio of 16.68, a P/E/G ratio of 0.89 and a beta of 1.39. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping the consensus estimate 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 research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share 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.