Integrated Wealth Concepts LLC Boosts Holdings in Uber Technologies, Inc. (NYSE:UBER)

Integrated Wealth Concepts LLC grew its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 33.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 48,516 shares of the ride-sharing company's stock after buying an additional 12,163 shares during the period. Integrated Wealth Concepts LLC's holdings in Uber Technologies were worth $2,927,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UBER. Avion Wealth grew its stake in shares of Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after buying an additional 218 shares in the last quarter. Transce3nd LLC acquired a new stake in Uber Technologies in the fourth quarter valued at $27,000. Runnymede Capital Advisors Inc. bought a new position in shares of Uber Technologies in the 4th quarter valued at about $28,000. GHP Investment Advisors Inc. increased its stake in shares of Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock worth $29,000 after purchasing an additional 223 shares during the last quarter. Finally, Kieckhefer Group LLC bought a new stake in shares of Uber Technologies in the 4th quarter valued at about $33,000. 80.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on UBER. Cantor Fitzgerald reissued an "overweight" rating and set a $80.00 price target on shares of Uber Technologies in a research report on Wednesday, April 16th. Truist Financial increased their price target on Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $82.00 price objective on shares of Uber Technologies in a research report on Thursday, February 6th. DA Davidson dropped their price objective on shares of Uber Technologies from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Finally, Citigroup cut their target price on shares of Uber Technologies from $98.00 to $92.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $89.81.

Insiders Place Their Bets

In related news, insider Tony West sold 23,404 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the insider now owns 114,241 shares in the company, valued at $8,027,715.07. This represents a 17.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Nikki Krishnamurthy sold 20,000 shares of Uber Technologies stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the transaction, the senior vice president now directly owns 361,908 shares of the company's stock, valued at approximately $25,901,755.56. This trade represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 77,154 shares of company stock worth $5,793,869 in the last quarter. 3.84% of the stock is owned by company insiders.

Uber Technologies Price Performance

Shares of UBER traded up $0.61 during trading hours on Monday, reaching $78.36. The stock had a trading volume of 13,319,159 shares, compared to its average volume of 20,308,824. The stock has a market capitalization of $163.91 billion, a PE ratio of 17.18, a PEG ratio of 0.89 and a beta of 1.37. The company's 50-day moving average is $73.60 and its two-hundred day moving average is $71.41. 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 12 month low of $54.84 and a 12 month high of $87.00.

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