Udine Wealth Management Inc. Boosts Position in Uber Technologies, Inc. (NYSE:UBER)

Udine Wealth Management Inc. raised its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 31.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,857 shares of the ride-sharing company's stock after acquiring an additional 8,020 shares during the quarter. Uber Technologies makes up about 1.3% of Udine Wealth Management Inc.'s holdings, making the stock its 19th largest holding. Udine Wealth Management Inc.'s holdings in Uber Technologies were worth $2,042,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Kieckhefer Group LLC purchased a new stake in Uber Technologies during the 4th quarter valued at about $33,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $35,000. Financial Management Professionals Inc. increased its holdings in shares of Uber Technologies by 104.1% in the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company's stock valued at $37,000 after purchasing an additional 252 shares during the last quarter. Transcendent Capital Group LLC lifted its position in Uber Technologies by 3,928.6% during the third quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company's stock worth $42,000 after buying an additional 550 shares in the last quarter. Finally, Fortitude Family Office LLC boosted its stake in Uber Technologies by 84.7% during the third quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company's stock worth $45,000 after buying an additional 276 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Performance

Uber Technologies stock traded down $1.28 during mid-day trading on Friday, reaching $67.30. 27,057,083 shares of the company were exchanged, compared to its average volume of 22,576,684. The firm's 50-day simple moving average is $66.24 and its two-hundred day simple moving average is $70.36. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The firm has a market cap of $141.71 billion, a PE ratio of 33.48, a price-to-earnings-growth 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 (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) 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 company had revenue of $11.19 billion for the quarter, compared to analysts' expectations of $10.99 billion. During the same period in the previous year, the company posted $0.10 EPS. Uber Technologies's revenue was up 20.4% compared to the same quarter last year. Equities analysts predict that Uber Technologies, Inc. will post 1.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Uber Technologies 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 transaction of $2,025,162.00. Following the sale, the insider now directly owns 107,289 shares in the company, valued at approximately $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 accessible through the SEC website. 3.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Loop Capital lifted their price target on Uber Technologies from $84.00 to $86.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. DA Davidson boosted their target price on shares of Uber Technologies from $82.00 to $84.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Daiwa America cut shares of Uber Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 17th. Truist Financial decreased their price objective on Uber Technologies from $99.00 to $95.00 and set a "buy" rating on the stock in a report on Friday, November 1st. Finally, Citizens Jmp cut Uber Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Seven research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.