Wealthcare Advisory Partners LLC Buys 5,275 Shares of Uber Technologies, Inc. (NYSE:UBER)

Wealthcare Advisory Partners LLC increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 32.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,522 shares of the ride-sharing company’s stock after buying an additional 5,275 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Uber Technologies were worth $1,298,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Procyon Advisors LLC boosted its stake in shares of Uber Technologies by 13.5% in the 4th quarter. Procyon Advisors LLC now owns 7,177 shares of the ride-sharing company’s stock valued at $433,000 after purchasing an additional 851 shares in the last quarter. Goldstone Financial Group LLC lifted its holdings in Uber Technologies by 17.1% during the 4th quarter. Goldstone Financial Group LLC now owns 3,664 shares of the ride-sharing company’s stock valued at $221,000 after purchasing an additional 536 shares during the last quarter. Yarbrough Capital LLC boosted its position in Uber Technologies by 358.0% in the fourth quarter. Yarbrough Capital LLC now owns 20,994 shares of the ride-sharing company’s stock valued at $1,266,000 after buying an additional 16,410 shares in the last quarter. StoneCrest Wealth Management Inc. grew its stake in Uber Technologies by 19.7% during the fourth quarter. StoneCrest Wealth Management Inc. now owns 12,500 shares of the ride-sharing company’s stock worth $754,000 after buying an additional 2,056 shares during the last quarter. Finally, Empirical Asset Management LLC acquired a new stake in shares of Uber Technologies during the fourth quarter worth approximately $704,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the transaction, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.80% of the stock is currently owned by company insiders.

Uber Technologies Stock Down 1.9 %

Shares of Uber Technologies stock opened at $67.30 on Friday. The company has a market capitalization of $141.71 billion, a P/E ratio of 33.48, a price-to-earnings-growth ratio of 0.71 and a beta of 1.36. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The business has a 50-day moving average of $66.24 and a two-hundred day moving average of $70.36. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00.

Uber Technologies (NYSE:UBER) last posted its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. During the same period in the prior year, the business earned $0.10 EPS. Uber Technologies’s revenue for the quarter was up 20.4% compared to the same quarter last year. As a group, equities analysts predict that Uber Technologies, Inc. will post 1.9 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Truist Financial reduced their target price on Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Tigress Financial boosted their price objective on Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Royal Bank of Canada raised their target price on Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a research report on Thursday, October 31st. Finally, Loop Capital increased their price objective on shares of Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.