Spire Wealth Management Buys 23,563 Shares of Uber Technologies, Inc. (NYSE:UBER)

Spire Wealth Management lifted its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 14.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 187,482 shares of the ride-sharing company's stock after acquiring an additional 23,563 shares during the quarter. Spire Wealth Management's holdings in Uber Technologies were worth $11,309,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. CENTRAL TRUST Co increased its position in shares of Uber Technologies by 12.3% in the third quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company's stock valued at $87,000 after acquiring an additional 127 shares during the last quarter. Procyon Advisors LLC increased its position in shares of Uber Technologies by 2.1% in the third quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company's stock valued at $476,000 after acquiring an additional 131 shares during the last quarter. DT Investment Partners LLC increased its position in shares of Uber Technologies by 21.4% in the third quarter. DT Investment Partners LLC now owns 821 shares of the ride-sharing company's stock valued at $62,000 after acquiring an additional 145 shares during the last quarter. Jmac Enterprises LLC increased its position in shares of Uber Technologies by 2.1% in the third quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company's stock valued at $552,000 after acquiring an additional 150 shares during the last quarter. Finally, Canopy Partners LLC increased its position in shares of Uber Technologies by 2.2% in the third quarter. Canopy Partners LLC now owns 6,958 shares of the ride-sharing company's stock valued at $523,000 after acquiring an additional 151 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Activity

In other news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the transaction, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.84% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

UBER has been the topic of a number of recent research reports. Cantor Fitzgerald lifted their target price on Uber Technologies from $75.00 to $80.00 and gave the company an "overweight" rating in a research report on Tuesday, January 28th. Jefferies Financial Group boosted their price target on Uber Technologies from $100.00 to $105.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Citizens Jmp downgraded Uber Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. Gordon Haskett raised Uber Technologies from a "hold" rating to a "buy" rating and set a $85.00 price target on the stock in a research report on Thursday, October 31st. Finally, Royal Bank of Canada boosted their price target on Uber Technologies from $80.00 to $82.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Seven research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $91.08.

Uber Technologies Price Performance

NYSE UBER traded up $0.27 on Friday, hitting $66.86. 19,772,917 shares of the company's stock were exchanged, compared to its average volume of 22,567,078. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The stock has a market cap of $140.79 billion, a price-to-earnings ratio of 33.26, a P/E/G ratio of 0.77 and a beta of 1.36. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The stock has a 50-day moving average of $65.61 and a 200-day moving average of $70.08.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company had revenue of $11.19 billion during the quarter, compared to analysts' expectations of $10.99 billion. During the same period in the prior year, the company earned $0.10 EPS. Uber Technologies's revenue was up 20.4% compared to the same quarter last year. Analysts expect that Uber Technologies, Inc. will post 1.85 earnings per share 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.