Warther Private Wealth LLC Acquires 95,935 Shares of Uber Technologies, Inc. (NYSE:UBER)

Warther Private Wealth LLC grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 158.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,408 shares of the ride-sharing company’s stock after buying an additional 95,935 shares during the quarter. Uber Technologies makes up 3.2% of Warther Private Wealth LLC’s portfolio, making the stock its 15th largest position. Warther Private Wealth LLC’s holdings in Uber Technologies were worth $9,435,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. AMF Tjanstepension AB acquired a new stake in Uber Technologies in the third quarter valued at $163,468,000. Carnegie Investment Counsel acquired a new stake in Uber Technologies in the 3rd quarter valued at about $742,000. Exchange Traded Concepts LLC grew its holdings in Uber Technologies by 395.8% during the third quarter. Exchange Traded Concepts LLC now owns 4,908 shares of the ride-sharing company’s stock worth $369,000 after purchasing an additional 3,918 shares during the period. CHICAGO TRUST Co NA bought a new position in Uber Technologies during the third quarter worth about $237,000. Finally, Redhawk Wealth Advisors Inc. increased its position in Uber Technologies by 7.2% during the third quarter. Redhawk Wealth Advisors Inc. now owns 13,200 shares of the ride-sharing company’s stock worth $992,000 after buying an additional 892 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on UBER. DA Davidson reduced their target price on Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Piper Sandler cut their price target on Uber Technologies from $82.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Tigress Financial upped their price objective on shares of Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a report on Monday, November 25th. JMP Securities restated a “market perform” rating on shares of Uber Technologies in a research note on Thursday, February 6th. Finally, Bank of America lifted their target price on shares of Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Seven investment 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 company has an average rating of “Moderate Buy” and an average price target of $90.70.

Uber Technologies Price Performance

Shares of UBER stock opened at $76.90 on Wednesday. The business has a fifty day simple moving average of $65.45 and a 200 day simple moving average of $70.26. The company has a market cap of $161.93 billion, a P/E ratio of 16.86, 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, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00.

Uber Technologies (NYSE:UBER) last posted its earnings results 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 net margin of 22.41% and a return on equity of 62.60%. On average, sell-side analysts forecast that Uber Technologies, Inc. will post 2.4 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company 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.