Signature Estate & Investment Advisors LLC Raises Stake in Uber Technologies, Inc. (NYSE:UBER)

Signature Estate & Investment Advisors LLC lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 18.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 956,139 shares of the ride-sharing company's stock after acquiring an additional 151,307 shares during the quarter. Uber Technologies accounts for about 1.4% of Signature Estate & Investment Advisors LLC's holdings, making the stock its 22nd largest position. Signature Estate & Investment Advisors LLC's holdings in Uber Technologies were worth $57,674,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in UBER. Welch & Forbes LLC raised its stake 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 during the period. Carlton Hofferkamp & Jenks Wealth Management LLC raised 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 valued at $282,000 after purchasing an additional 150 shares during the period. Drive Wealth Management LLC lifted its stake in shares of Uber Technologies by 3.1% during the 4th quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company's stock valued at $312,000 after buying an additional 155 shares in the last quarter. Institute for Wealth Management LLC. boosted its holdings in Uber Technologies by 2.4% in the 4th quarter. Institute for Wealth Management LLC. now owns 6,606 shares of the ride-sharing company's stock worth $398,000 after buying an additional 155 shares during the period. Finally, Fairfield Financial Advisors LTD grew its stake 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 in the last quarter. 80.24% of the stock is currently owned by institutional investors.

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Uber Technologies Trading Down 3.1 %

Shares of UBER stock traded down $2.34 during mid-day trading on Friday, reaching $72.52. The stock had a trading volume of 7,369,359 shares, compared to its average volume of 20,056,332. The firm has a market capitalization of $151.49 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The stock's 50-day moving average price is $73.33 and its two-hundred day moving average price is $71.71. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. 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 results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating 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 analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

UBER has been the topic of several recent research reports. DA Davidson dropped their target price on Uber Technologies from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Citigroup reduced their target price on Uber Technologies from $98.00 to $92.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Wolfe Research increased their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a research note on Thursday, February 6th. Finally, Wells Fargo & Company decreased their target price on Uber Technologies from $90.00 to $87.00 and set an "overweight" rating on the stock 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $90.31.

Insider Activity at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was 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 owns 22,162 shares of the company's stock, valued at approximately $1,662,150. This represents a 11.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tony West sold 23,404 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. The trade was a 17.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,154 shares of company stock worth $5,793,869 over the last quarter. 3.84% of the stock is owned by corporate insiders.

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.