Inlight Wealth Management LLC Buys New Position in Uber Technologies, Inc. (NYSE:UBER)

Inlight Wealth Management LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 78,642 shares of the ride-sharing company's stock, valued at approximately $4,744,000. Uber Technologies comprises approximately 1.5% of Inlight Wealth Management LLC's investment portfolio, making the stock its 15th biggest position.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Avion Wealth boosted its position in shares of Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after buying an additional 218 shares during the period. Runnymede Capital Advisors Inc. acquired a new position in shares of Uber Technologies during the 4th quarter worth about $28,000. GHP Investment Advisors Inc. grew its holdings in shares of Uber Technologies by 85.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock valued at $29,000 after acquiring an additional 223 shares in the last quarter. Kieckhefer Group LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at about $33,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Uber Technologies during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Buying and Selling

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the transaction, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. The trade was a 11.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $1,644,599.08. Following the completion of the transaction, the insider now directly owns 114,241 shares of the company's stock, valued at $8,027,715.07. The trade was a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 77,154 shares of company stock valued at $5,793,869. 3.84% of the stock is owned by insiders.

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Analyst Ratings Changes

A number of brokerages have recently issued reports on UBER. JPMorgan Chase & Co. dropped their target price on shares of Uber Technologies from $90.00 to $80.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. JMP Securities restated a "market perform" rating on shares of Uber Technologies in a report on Thursday, February 6th. Wolfe Research increased their target price on Uber Technologies from $90.00 to $92.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Citizens Jmp downgraded Uber Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Finally, Benchmark reiterated a "hold" rating on shares of Uber Technologies in a research report on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $89.97.

Uber Technologies Stock Performance

Shares of NYSE UBER traded up $0.84 during mid-day trading on Monday, reaching $73.12. 12,463,451 shares of the company's stock were exchanged, compared to its average volume of 20,348,345. The firm has a market capitalization of $152.95 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The firm has a 50-day moving average price of $73.94 and a two-hundred day moving average price of $71.44. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.