TrueWealth Advisors LLC Buys Shares of 8,469 Uber Technologies, Inc. (NYSE:UBER)

TrueWealth Advisors LLC acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,469 shares of the ride-sharing company's stock, valued at approximately $511,000.

Several other institutional investors and hedge funds also recently made changes to their positions in UBER. Geode Capital Management LLC raised its position in Uber Technologies by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 42,500,359 shares of the ride-sharing company's stock valued at $3,184,013,000 after purchasing an additional 893,652 shares during the last quarter. Edgewood Management LLC grew its holdings in Uber Technologies by 10.5% during the 3rd quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company's stock worth $2,070,813,000 after acquiring an additional 2,627,768 shares during the last quarter. Legal & General Group Plc increased its position in Uber Technologies by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 15,238,477 shares of the ride-sharing company's stock valued at $1,107,529,000 after acquiring an additional 237,976 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Uber Technologies by 18.3% in the third quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company's stock worth $998,767,000 after acquiring an additional 2,056,273 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Uber Technologies by 14.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 12,498,209 shares of the ride-sharing company's stock worth $939,365,000 after purchasing an additional 1,601,747 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Analyst Upgrades and Downgrades

UBER has been the subject of several research analyst reports. Gordon Haskett upgraded shares of Uber Technologies from a "hold" rating to a "buy" rating and set a $85.00 price objective for the company in a research report on Thursday, October 31st. Truist Financial dropped their target price on Uber Technologies from $99.00 to $95.00 and set a "buy" rating for the company in a research report on Friday, November 1st. Wolfe Research raised their price target on Uber Technologies from $90.00 to $92.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Benchmark reissued a "hold" rating on shares of Uber Technologies in a report on Friday, November 1st. Finally, Royal Bank of Canada raised their target price on shares of Uber Technologies from $80.00 to $82.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Seven investment 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 stock. According to MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and an average target price of $91.53.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction dated 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 completion of the sale, the insider now owns 107,289 shares in the company, valued at $7,821,368.10. The trade was a 20.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.80% of the stock is currently owned by insiders.

Uber Technologies Stock Performance

NYSE:UBER traded down $1.28 during mid-day trading on Friday, hitting $67.30. The stock had a trading volume of 27,057,083 shares, compared to its average volume of 22,576,684. The company's 50 day simple moving average is $66.24 and its 200 day simple moving average is $70.36. The stock has a market cap of $141.71 billion, a price-to-earnings ratio of 33.48, a PEG ratio of 0.71 and a beta of 1.36. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share 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 business had revenue of $11.19 billion for the quarter, compared to analysts' expectations of $10.99 billion. During the same quarter in the prior year, the business earned $0.10 EPS. The firm's revenue for the quarter was up 20.4% on a year-over-year basis. On average, equities research analysts forecast that Uber Technologies, Inc. will post 1.9 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.