Congress Wealth Management LLC DE Purchases 11,466 Shares of Uber Technologies, Inc. (NYSE:UBER)

Congress Wealth Management LLC DE grew its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 65.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,999 shares of the ride-sharing company's stock after acquiring an additional 11,466 shares during the quarter. Congress Wealth Management LLC DE's holdings in Uber Technologies were worth $1,749,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of UBER. Welch & Forbes LLC raised its holdings in Uber Technologies by 3.9% in the 4th quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company's stock valued at $237,000 after acquiring an additional 148 shares in the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC increased its position in shares of 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 worth $282,000 after purchasing an additional 150 shares during the period. Drive Wealth Management LLC raised its stake 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 in the last quarter. Institute for Wealth Management LLC. lifted its position in Uber Technologies by 2.4% during the fourth quarter. Institute for Wealth Management LLC. now owns 6,606 shares of the ride-sharing company's stock worth $398,000 after purchasing an additional 155 shares during the period. Finally, Fairfield Financial Advisors LTD increased its holdings in Uber Technologies by 34.0% in the 4th quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company's stock valued at $40,000 after buying an additional 170 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling

In related news, insider Tony West sold 23,404 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the sale, the insider now owns 114,241 shares in the company, valued at $8,027,715.07. This represents a 17.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the transaction, the chief financial officer now owns 22,162 shares of the company's stock, valued at $1,662,150. This trade represents a 11.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,154 shares of company stock worth $5,793,869 in the last ninety days. Corporate insiders own 3.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. DA Davidson cut their price target on shares of Uber Technologies from $84.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Wells Fargo & Company cut their target price on Uber Technologies from $90.00 to $87.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. KGI Securities reiterated a "neutral" rating and issued a $78.00 price target on shares of Uber Technologies in a research note on Tuesday, March 11th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $96.00 price objective on shares of Uber Technologies in a research note on Thursday, January 2nd. Finally, JPMorgan Chase & Co. lowered their target price on Uber Technologies from $95.00 to $90.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. Ten investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Uber Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $90.31.

Uber Technologies Stock Down 2.9 %

Shares of NYSE UBER traded down $2.15 during trading on Friday, hitting $72.71. 11,255,568 shares of the company traded hands, compared to its average volume of 20,097,389. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The business's fifty day moving average is $73.44 and its 200 day moving average is $71.75. The firm has a market capitalization of $152.09 billion, a price-to-earnings ratio of 15.94, a P/E/G ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly 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 predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

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.