Redwood Wealth Management Group LLC Buys 530 Shares of Uber Technologies, Inc. (NYSE:UBER)

Redwood Wealth Management Group LLC boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 6.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,955 shares of the ride-sharing company’s stock after acquiring an additional 530 shares during the quarter. Redwood Wealth Management Group LLC’s holdings in Uber Technologies were worth $540,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in UBER. Jennison Associates LLC boosted its stake in shares of Uber Technologies by 36.9% in the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company’s stock valued at $1,596,086,000 after purchasing an additional 7,137,512 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Uber Technologies by 670.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company’s stock valued at $398,809,000 after acquiring an additional 5,753,637 shares during the period. Montrusco Bolton Investments Inc. acquired a new position in Uber Technologies during the fourth quarter worth $166,072,000. Edgewood Management LLC raised its holdings in Uber Technologies by 10.5% during the third quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock worth $2,070,813,000 after buying an additional 2,627,768 shares during the last quarter. Finally, AMF Tjanstepension AB acquired a new position in Uber Technologies during the third quarter worth $163,468,000. 80.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

UBER has been the topic of a number of recent analyst reports. Gordon Haskett raised shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Thursday, October 31st. Piper Sandler decreased their price objective on shares of Uber Technologies from $98.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. Truist Financial reduced their target price 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. DA Davidson raised their price objective on shares of Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $96.00 price objective on shares of Uber Technologies in a research report on Thursday, January 2nd. Seven investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average price target of $90.89.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction dated 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 $7,821,368.10. This represents a 20.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.80% of the company’s stock.

Uber Technologies Stock Up 3.6 %

Shares of Uber Technologies stock opened at $69.71 on Wednesday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The company’s fifty day simple moving average is $65.49 and its two-hundred day simple moving average is $70.09. The company has a market cap of $146.79 billion, a P/E ratio of 34.68, a PEG ratio of 0.77 and a beta of 1.39. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00.

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.