23,948 Shares in Uber Technologies, Inc. (NYSE:UBER) Acquired by Palacios Wealth Management LLC

Palacios Wealth Management LLC purchased a new position in Uber Technologies, Inc. (NYSE:UBER) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 23,948 shares of the ride-sharing company’s stock, valued at approximately $1,593,000. Uber Technologies accounts for approximately 1.7% of Palacios Wealth Management LLC’s holdings, making the stock its 14th biggest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Geode Capital Management LLC increased its holdings in Uber Technologies by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 42,500,359 shares of the ride-sharing company’s stock worth $3,184,013,000 after buying an additional 893,652 shares during the period. Edgewood Management LLC increased its holdings in Uber Technologies by 10.5% in the 3rd 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 period. Jennison Associates LLC boosted its position in 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 worth $1,596,086,000 after purchasing an additional 7,137,512 shares in the last quarter. Janus Henderson Group PLC boosted its position in Uber Technologies by 18.3% in the 3rd quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company’s stock worth $998,767,000 after purchasing an additional 2,056,273 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Uber Technologies by 14.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,498,209 shares of the ride-sharing company’s stock worth $939,365,000 after purchasing an additional 1,601,747 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Up 1.2 %

Shares of UBER opened at $80.34 on Friday. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The company has a market capitalization of $169.16 billion, a PE ratio of 17.62, a price-to-earnings-growth ratio of 0.81 and a beta of 1.39. The stock has a fifty day simple moving average of $65.71 and a two-hundred day simple moving average of $70.41. 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 earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) 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%. As a group, equities analysts forecast that Uber Technologies, Inc. will post 2.4 EPS for the current year.

Analyst Upgrades and Downgrades

UBER has been the topic of several recent research reports. Citigroup lowered their price objective on Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. DA Davidson lowered their price objective on Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. KeyCorp lowered their price objective on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Daiwa America lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Finally, Daiwa Capital Markets lowered Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective on the stock. in a research report on Thursday, October 17th. Seven analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $90.70.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 27,780 shares of the firm’s 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 sale, the insider now directly owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.