Strategic Financial Concepts LLC Acquires New Holdings in Uber Technologies, Inc. (NYSE:UBER)

Strategic Financial Concepts LLC bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 68,563 shares of the ride-sharing company’s stock, valued at approximately $4,136,000.

Other institutional investors have also recently bought and sold shares of the company. AMF Tjanstepension AB bought a new position in shares of Uber Technologies during the third quarter worth about $163,468,000. Livforsakringsbolaget Skandia Omsesidigt boosted its position in Uber Technologies by 327.3% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 14,166 shares of the ride-sharing company’s stock worth $1,065,000 after acquiring an additional 10,851 shares during the last quarter. Ritholtz Wealth Management grew its stake in shares of Uber Technologies by 53.9% during the 3rd quarter. Ritholtz Wealth Management now owns 35,445 shares of the ride-sharing company’s stock worth $2,664,000 after acquiring an additional 12,419 shares in the last quarter. CRA Financial Services LLC raised its holdings in shares of Uber Technologies by 5.5% in the third quarter. CRA Financial Services LLC now owns 3,386 shares of the ride-sharing company’s stock valued at $254,000 after purchasing an additional 175 shares during the last quarter. Finally, Carnegie Investment Counsel bought a new stake in shares of Uber Technologies in the third quarter worth $742,000. Institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on UBER shares. Wolfe Research lifted their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Daiwa Capital Markets downgraded Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price on the stock. in a research report on Thursday, October 17th. Citigroup reduced their price target on Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a research report on Thursday. Gordon Haskett raised 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. Finally, JMP Securities reissued a “market perform” rating on shares of Uber Technologies in a report on Thursday. Seven analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $90.70.

Uber Technologies Stock Performance

NYSE UBER opened at $74.76 on Monday. The firm has a 50-day moving average price of $65.34 and a two-hundred day moving average price of $70.14. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The company has a market capitalization of $157.43 billion, a P/E ratio of 16.40, a P/E/G ratio of 0.81 and a beta of 1.39. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Analysts anticipate that Uber Technologies, Inc. will post 2.4 earnings per share for the current year.

Insider Activity

In related 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 transaction of $2,025,162.00. Following the completion of the sale, the insider now owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 3.84% of the company’s stock.

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.