Retirement Planning Co of New England Inc. Invests $218,000 in Uber Technologies, Inc. (NYSE:UBER)

Retirement Planning Co of New England Inc. bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,618 shares of the ride-sharing company’s stock, valued at approximately $218,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in UBER. Welch & Forbes LLC increased its holdings in Uber Technologies by 3.9% in the fourth quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company’s stock valued at $237,000 after purchasing an additional 148 shares during the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC increased its holdings in Uber Technologies by 3.5% in the fourth quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company’s stock valued at $282,000 after purchasing an additional 150 shares during the last quarter. Canopy Partners LLC increased its holdings in Uber Technologies by 2.2% in the third quarter. Canopy Partners LLC now owns 6,958 shares of the ride-sharing company’s stock valued at $523,000 after purchasing an additional 151 shares during the last quarter. Drive Wealth Management LLC increased its holdings in Uber Technologies by 3.1% in the fourth quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company’s stock valued at $312,000 after purchasing an additional 155 shares during the last quarter. Finally, Institute for Wealth Management LLC. increased its holdings in Uber Technologies by 2.4% in the fourth quarter. Institute for Wealth Management LLC. now owns 6,606 shares of the ride-sharing company’s stock valued at $398,000 after purchasing an additional 155 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

Uber Technologies stock opened at $71.54 on Wednesday. The stock’s fifty day moving average price is $72.09 and its two-hundred day moving average price is $71.55. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The firm has a market cap of $149.45 billion, a PE ratio of 15.69, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 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, research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In related news, insider Tony West sold 23,404 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the sale, the insider now owns 114,241 shares of the company’s stock, valued at $8,027,715.07. This trade represents a 17.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the sale, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 74,404 shares of company stock valued at $5,587,619. 3.84% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

UBER has been the subject of a number of recent analyst reports. Citizens Jmp downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. Fox Advisors downgraded Uber Technologies from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 11th. Evercore ISI lowered their price target on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Finally, JMP Securities restated a “market perform” rating on shares of Uber Technologies in a report on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $90.31.

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.