FLC Capital Advisors Purchases 1,050 Shares of Uber Technologies, Inc. (NYSE:UBER)

FLC Capital Advisors grew its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 9.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,170 shares of the ride-sharing company’s stock after buying an additional 1,050 shares during the period. FLC Capital Advisors’ holdings in Uber Technologies were worth $734,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Financial Management Professionals Inc. raised its position in shares of Uber Technologies by 104.1% in the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after buying an additional 252 shares in the last quarter. Retirement Wealth Solutions LLC bought a new position in Uber Technologies during the 4th quarter worth $35,000. Kieckhefer Group LLC acquired a new position in Uber Technologies in the 4th quarter valued at $33,000. Transcendent Capital Group LLC lifted its position in shares of Uber Technologies by 3,928.6% during the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock valued at $42,000 after acquiring an additional 550 shares during the period. Finally, Fortitude Family Office LLC grew its holdings in shares of Uber Technologies by 84.7% during the 3rd quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company’s stock worth $45,000 after purchasing an additional 276 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER stock opened at $67.30 on Monday. The firm has a 50 day moving average of $66.24 and a 200-day moving average of $70.36. The company has a market cap of $141.71 billion, a price-to-earnings ratio of 33.48, a price-to-earnings-growth ratio of 0.71 and a beta of 1.36. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping 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 business had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. During the same period last year, the company posted $0.10 earnings per share. The business’s quarterly revenue was up 20.4% on a year-over-year basis. On average, equities analysts forecast that Uber Technologies, Inc. will post 1.9 earnings per share for the current year.

Insider Activity

In related news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on UBER. Bank of America boosted their price target on Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Truist Financial cut their price target on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a report on Friday, November 1st. Jefferies Financial Group increased their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Citizens Jmp downgraded shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $96.00 target price on shares of Uber Technologies in a report on Thursday, January 2nd. Seven equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $91.53.

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.