Uniting Wealth Partners LLC Takes $241,000 Position in Uber Technologies, Inc. (NYSE:UBER)

Uniting Wealth Partners LLC bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 4,000 shares of the ride-sharing company's stock, valued at approximately $241,000.

A number of other large investors have also modified their holdings of UBER. Edgestream Partners L.P. purchased a new position in Uber Technologies in the third quarter valued at about $760,000. Benjamin Edwards Inc. increased its stake in Uber Technologies by 4,968.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 37,506 shares of the ride-sharing company's stock valued at $2,819,000 after purchasing an additional 36,766 shares in the last quarter. Hilltop Holdings Inc. raised its holdings in Uber Technologies by 380.2% during the third quarter. Hilltop Holdings Inc. now owns 28,339 shares of the ride-sharing company's stock worth $2,130,000 after purchasing an additional 22,438 shares during the last quarter. IHT Wealth Management LLC boosted its position in Uber Technologies by 29.4% during the third quarter. IHT Wealth Management LLC now owns 32,849 shares of the ride-sharing company's stock worth $2,461,000 after purchasing an additional 7,467 shares in the last quarter. Finally, Motley Fool Asset Management LLC grew its holdings in Uber Technologies by 4.1% in the third quarter. Motley Fool Asset Management LLC now owns 84,543 shares of the ride-sharing company's stock valued at $6,276,000 after purchasing an additional 3,354 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Uber Technologies news, insider Tony West sold 23,404 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the sale, the insider now directly owns 114,241 shares of the company's stock, valued at $8,027,715.07. This trade represents a 17.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jill Hazelbaker sold 31,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the sale, the insider now 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 quarter, insiders sold 77,154 shares of company stock worth $5,793,869. Insiders own 3.84% of the company's stock.

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Uber Technologies Stock Down 6.2 %

UBER traded down $4.62 during trading hours on Thursday, reaching $69.88. 23,256,579 shares of the stock traded hands, compared to its average volume of 20,109,335. 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 market cap of $146.17 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The firm's fifty day simple moving average is $73.83 and its two-hundred day simple moving average is $71.81.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. As a group, analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on UBER shares. Arete Research raised shares of Uber Technologies to a "hold" rating in a research note on Tuesday, February 18th. Evercore ISI decreased their price objective on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. Benchmark reissued a "hold" rating on shares of Uber Technologies in a research note on Friday, January 31st. Royal Bank of Canada restated an "outperform" rating and issued a $82.00 target price on shares of Uber Technologies in a report on Thursday, February 6th. Finally, DA Davidson lowered their price target on shares of Uber Technologies from $84.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of "Moderate Buy" and an average price target of $90.41.

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.