Roberts Wealth Advisors LLC Raises Holdings in Uber Technologies, Inc. (NYSE:UBER)

Roberts Wealth Advisors LLC increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 7.6% during the 4th quarter, Holdings Channel reports. The fund owned 7,449 shares of the ride-sharing company’s stock after purchasing an additional 525 shares during the quarter. Roberts Wealth Advisors LLC’s holdings in Uber Technologies were worth $499,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Fidelis Capital Partners LLC increased its holdings in shares of Uber Technologies by 20.3% during the 2nd quarter. Fidelis Capital Partners LLC now owns 5,063 shares of the ride-sharing company’s stock valued at $368,000 after purchasing an additional 853 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Uber Technologies by 52.1% during the second quarter. EverSource Wealth Advisors LLC now owns 11,189 shares of the ride-sharing company’s stock valued at $813,000 after buying an additional 3,835 shares during the period. Samlyn Capital LLC purchased a new position in Uber Technologies in the second quarter valued at $134,987,000. Gateway Advisory LLC raised its position in shares of Uber Technologies by 5.7% in the second quarter. Gateway Advisory LLC now owns 9,107 shares of the ride-sharing company’s stock worth $662,000 after acquiring an additional 490 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Uber Technologies by 61.7% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 358,834 shares of the ride-sharing company’s stock worth $26,080,000 after acquiring an additional 136,966 shares during the period. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction that occurred 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 directly owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.80% of the stock is currently owned by insiders.

Uber Technologies Trading Up 0.6 %

Shares of Uber Technologies stock opened at $67.75 on Wednesday. The stock has a 50 day moving average of $66.16 and a 200 day moving average of $70.33. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market capitalization of $142.66 billion, a price-to-earnings ratio of 33.71, a PEG ratio of 0.72 and a beta of 1.36. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. The business had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company’s revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.10 EPS. As a group, research analysts predict that Uber Technologies, Inc. will post 1.91 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on UBER. Jefferies Financial Group raised their target price on Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Bank of America raised their price objective on Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Loop Capital upped their target price on Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Gordon Haskett upgraded Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Thursday, October 31st. Finally, KeyCorp cut their price target on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Seven research 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 stock. According to data from MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.53.

About Uber Technologies

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.