Trajan Wealth LLC Increases Stake in Uber Technologies, Inc. (NYSE:UBER)

Trajan Wealth LLC raised its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 193,668 shares of the ride-sharing company's stock after purchasing an additional 7,829 shares during the quarter. Trajan Wealth LLC's holdings in Uber Technologies were worth $11,682,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Welch & Forbes LLC raised its stake in shares of Uber Technologies by 3.9% during the fourth quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company's stock worth $237,000 after buying an additional 148 shares during the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC lifted its stake in shares of Uber Technologies by 3.5% in the 4th 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 boosted its position in shares of Uber Technologies by 3.1% in the 4th quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company's stock worth $312,000 after purchasing an additional 155 shares during the last quarter. Institute for Wealth Management LLC. grew its stake in shares of Uber Technologies by 2.4% during the fourth quarter. Institute for Wealth Management LLC. now owns 6,606 shares of the ride-sharing company's stock worth $398,000 after purchasing an additional 155 shares during the period. Finally, Fairfield Financial Advisors LTD boosted its holdings in Uber Technologies by 34.0% during the fourth quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company's stock worth $40,000 after buying an additional 170 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Activity

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's 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 transaction, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. This represents a 11.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the transaction, the insider now directly owns 86,973 shares in the company, valued at $7,046,552.46. The trade was a 26.28 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 77,154 shares of company stock worth $5,793,869. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Stock Performance

NYSE:UBER traded down $0.62 during trading hours on Wednesday, reaching $73.82. The stock had a trading volume of 22,734,939 shares, compared to its average volume of 20,329,442. The stock has a market cap of $154.42 billion, a P/E ratio of 16.19, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The stock has a 50 day simple moving average of $73.81 and a 200 day simple moving average of $71.45. 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 quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. On average, research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on UBER shares. Wolfe Research increased 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. Cantor Fitzgerald reissued an "overweight" rating and issued a $80.00 price target on shares of Uber Technologies in a report on Wednesday, April 16th. Citizens Jmp cut shares of Uber Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. Benchmark reissued a "hold" rating on shares of Uber Technologies in a research note on Friday, January 31st. Finally, DA Davidson dropped their price target 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. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $89.81.

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.