Allegiance Financial Group Advisory Services LLC Buys New Stake in Uber Technologies, Inc. (NYSE:UBER)

Allegiance Financial Group Advisory Services LLC bought a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 31,686 shares of the ride-sharing company’s stock, valued at approximately $1,911,000. Uber Technologies makes up 0.6% of Allegiance Financial Group Advisory Services LLC’s portfolio, making the stock its 29th biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Avion Wealth raised its stake in shares of Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after purchasing an additional 218 shares in the last quarter. GHP Investment Advisors Inc. grew its position in shares of Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 223 shares during the last quarter. Retirement Wealth Solutions LLC bought a new position in Uber Technologies in the 4th quarter worth about $35,000. Kieckhefer Group LLC acquired a new stake in shares of Uber Technologies in the 4th quarter worth approximately $33,000. Finally, Transcendent Capital Group LLC lifted its stake in shares of Uber Technologies by 3,928.6% in the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock worth $42,000 after acquiring an additional 550 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Price Performance

Shares of UBER stock opened at $75.85 on Thursday. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The stock has a market capitalization of $158.46 billion, a price-to-earnings ratio of 16.63, a P/E/G ratio of 0.89 and a beta of 1.39. The stock has a fifty day simple moving average of $68.94 and a two-hundred day simple moving average of $71.47. The company has a current ratio of 1.07, a quick ratio of 1.41 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. On average, analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction dated 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 completion of the sale, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently commented on UBER. Wells Fargo & Company reduced their price target on shares of Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Piper Sandler reissued an “overweight” rating and issued a $87.00 price target (up from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Royal Bank of Canada reiterated an “outperform” rating and set a $82.00 target price on shares of Uber Technologies in a research report on Thursday, February 6th. Loop Capital boosted their target price on shares of Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Truist Financial dropped their price target on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Eight analysts have rated the stock with a hold rating, twenty-seven 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 stock currently has a consensus rating of “Moderate Buy” and an average target price of $90.94.

Uber Technologies Company 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.