Centricity Wealth Management LLC Takes Position in Uber Technologies, Inc. (NYSE:UBER)

Centricity Wealth Management LLC bought a new position in Uber Technologies, Inc. (NYSE:UBER) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,510 shares of the ride-sharing company’s stock, valued at approximately $91,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Legacy Capital Group California Inc. purchased a new position in shares of Uber Technologies in the fourth quarter worth approximately $897,000. Bray Capital Advisors boosted its stake in Uber Technologies by 1.0% in the 4th quarter. Bray Capital Advisors now owns 31,879 shares of the ride-sharing company’s stock worth $1,923,000 after purchasing an additional 308 shares during the period. ING Groep NV grew its position in Uber Technologies by 1.0% during the 4th quarter. ING Groep NV now owns 329,337 shares of the ride-sharing company’s stock worth $19,866,000 after purchasing an additional 3,260 shares in the last quarter. Flossbach Von Storch SE raised its stake in Uber Technologies by 61.5% during the 4th quarter. Flossbach Von Storch SE now owns 1,274,740 shares of the ride-sharing company’s stock valued at $76,892,000 after purchasing an additional 485,496 shares during the period. Finally, Citizens National Bank Trust Department raised its stake in Uber Technologies by 56.6% during the 4th quarter. Citizens National Bank Trust Department now owns 15,369 shares of the ride-sharing company’s stock valued at $927,000 after purchasing an additional 5,554 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the firm’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 transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.84% of the stock is owned by insiders.

Uber Technologies Stock Performance

NYSE:UBER opened at $78.89 on Friday. The firm’s 50-day moving average is $67.67 and its 200-day moving average is $71.11. The company has a market cap of $164.79 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share 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%. Equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on UBER. JMP Securities reiterated a “market perform” rating on shares of Uber Technologies in a report on Thursday, February 6th. Arete Research raised Uber Technologies to a “hold” rating in a research note on Tuesday. UBS Group dropped their target price on Uber Technologies from $114.00 to $107.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Cantor Fitzgerald restated an “overweight” rating and set a $80.00 price target on shares of Uber Technologies in a report on Thursday, February 6th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, February 5th. Eight analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $90.91.

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.