Sendero Wealth Management LLC Purchases 12,185 Shares of Uber Technologies, Inc. (NYSE:UBER)

Sendero Wealth Management LLC increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 28.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 55,141 shares of the ride-sharing company's stock after buying an additional 12,185 shares during the quarter. Sendero Wealth Management LLC's holdings in Uber Technologies were worth $3,326,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. boosted its stake 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 during the period. Kieckhefer Group LLC bought a new stake in shares of Uber Technologies in the fourth quarter valued at about $33,000. Transcendent Capital Group LLC boosted its position in Uber Technologies by 3,928.6% during the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company's stock worth $42,000 after acquiring an additional 550 shares during the last quarter. Fortitude Family Office LLC grew its position in Uber Technologies by 84.7% in the third quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company's stock valued at $45,000 after purchasing an additional 276 shares in the last quarter. Finally, ORG Partners LLC increased its position in shares of Uber Technologies by 142.9% in the third quarter. ORG Partners LLC now owns 651 shares of the ride-sharing company's stock valued at $49,000 after acquiring an additional 383 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Jill Hazelbaker sold 27,780 shares of the firm'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 completion of the transaction, the insider now owns 107,289 shares of the company's stock, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.80% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on UBER. Loop Capital increased their price target on Uber Technologies from $84.00 to $86.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. 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. Raymond James initiated coverage on shares of Uber Technologies in a research report on Tuesday, September 24th. They set a "strong-buy" rating and a $90.00 price target on the stock. The Goldman Sachs Group reissued a "buy" rating and issued a $96.00 price objective on shares of Uber Technologies in a research report on Thursday, January 2nd. Finally, Daiwa Capital Markets lowered Uber Technologies from an "outperform" rating to a "neutral" rating and set a $84.00 target price on the stock. in a report on Thursday, October 17th. Seven research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $91.53.

Uber Technologies Price Performance

Uber Technologies stock traded up $1.56 during mid-day trading on Thursday, reaching $68.58. The company had a trading volume of 28,985,604 shares, compared to its average volume of 27,941,891. The business has a fifty day simple moving average of $66.34 and a 200 day simple moving average of $70.39. The company has a market cap of $144.41 billion, a P/E ratio of 34.12, a P/E/G ratio of 0.71 and a beta of 1.36. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data 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 return on equity of 33.46% and a net margin of 10.49%. The company had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter last year, the business posted $0.10 EPS. Uber Technologies's revenue for the quarter was up 20.4% on a year-over-year basis. On average, equities research analysts predict 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.