Smith Thornton Advisors LLC Invests $355,000 in Uber Technologies, Inc. (NYSE:UBER)

Smith Thornton Advisors LLC acquired a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,887 shares of the ride-sharing company's stock, valued at approximately $355,000.

Several other institutional investors have also added to or reduced their stakes in UBER. Kieckhefer Group LLC bought a new position in Uber Technologies in the 4th quarter worth $33,000. Financial Management Professionals Inc. raised its holdings in Uber Technologies by 104.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company's stock worth $37,000 after purchasing an additional 252 shares in the last quarter. Transcendent Capital Group LLC raised its holdings in Uber Technologies by 3,928.6% in the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company's stock worth $42,000 after purchasing an additional 550 shares in the last quarter. Fortitude Family Office LLC raised its holdings in Uber Technologies by 84.7% in the 3rd quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company's stock worth $45,000 after purchasing an additional 276 shares in the last quarter. Finally, ORG Partners LLC raised its holdings in Uber Technologies by 142.9% in the 3rd quarter. ORG Partners LLC now owns 651 shares of the ride-sharing company's stock worth $49,000 after purchasing an additional 383 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the transaction, the insider now owns 107,289 shares of the company's stock, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.80% of the company's stock.

Uber Technologies Stock Performance

Shares of UBER traded up $1.56 on Thursday, reaching $68.58. The company's stock had a trading volume of 28,925,666 shares, compared to its average volume of 27,921,229. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market capitalization of $144.41 billion, a P/E ratio of 34.12, a PEG ratio of 0.71 and a beta of 1.36. The stock's 50 day simple moving average is $66.43 and its two-hundred day simple moving average is $70.41. 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 issued its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter in the previous year, the firm earned $0.10 earnings per share. The company's revenue for the quarter was up 20.4% on a year-over-year basis. Research analysts forecast that Uber Technologies, Inc. will post 1.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on UBER shares. Cantor Fitzgerald reiterated an "overweight" rating and issued a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, December 18th. DA Davidson lifted their price target on shares of Uber Technologies from $82.00 to $84.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Wolfe Research lifted their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. UBS Group lifted their price target on shares of Uber Technologies from $102.00 to $114.00 and gave the company a "buy" rating in a research report on Friday, October 18th. Finally, Jefferies Financial Group lifted their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Seven analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $91.53.

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.