Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its position in Uber Technologies, Inc. (NYSE:UBER) by 16.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,777 shares of the ride-sharing company’s stock after acquiring an additional 4,482 shares during the quarter. Ritholtz Wealth Management’s holdings in Uber Technologies were worth $1,957,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new position in shares of Uber Technologies during the 3rd quarter valued at $26,000. Ritter Daniher Financial Advisory LLC DE raised its holdings in shares of Uber Technologies by 2,545.5% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock valued at $27,000 after buying an additional 560 shares during the period. Householder Group Estate & Retirement Specialist LLC acquired a new position in Uber Technologies during the 3rd quarter worth approximately $28,000. JFS Wealth Advisors LLC boosted its holdings in Uber Technologies by 319.4% in the 3rd quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company’s stock worth $30,000 after acquiring an additional 495 shares during the period. Finally, CVA Family Office LLC purchased a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Activity

In other news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the sale, the insider now owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Tony West sold 18,750 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the sale, the insider now owns 185,566 shares in the company, valued at $13,004,465.28. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the transaction, the insider now owns 107,290 shares in the company, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Stock Down 1.5 %

Shares of Uber Technologies stock traded down $1.14 during trading on Thursday, reaching $76.97. The stock had a trading volume of 13,416,887 shares, compared to its average volume of 20,295,779. The company has a market capitalization of $159.83 billion, a price-to-earnings ratio of 89.50, a P/E/G ratio of 1.26 and a beta of 1.37. The stock has a fifty day moving average price of $74.50 and a two-hundred day moving average price of $60.36. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79. Uber Technologies, Inc. has a 52 week low of $29.22 and a 52 week high of $82.14.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.50. The business had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.76 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 earnings per share. Sell-side analysts predict that Uber Technologies, Inc. will post 1.19 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. UBS Group upped their target price on shares of Uber Technologies from $94.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Argus boosted their price target on Uber Technologies from $69.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. BMO Capital Markets raised their price objective on Uber Technologies from $82.00 to $92.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Barclays increased their target price on Uber Technologies from $63.00 to $86.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a report on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $75.41.

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.