Whitaker Myers Wealth Managers LTD. Buys New Holdings in Uber Technologies, Inc. (NYSE:UBER)

Whitaker Myers Wealth Managers LTD. acquired a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 9,444 shares of the ride-sharing company's stock, valued at approximately $570,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kieckhefer Group LLC bought a new stake in Uber Technologies in the fourth quarter valued at approximately $33,000. Retirement Wealth Solutions LLC bought a new position in shares of Uber Technologies during the fourth quarter valued at approximately $35,000. Financial Management Professionals Inc. raised its holdings in shares of Uber Technologies by 104.1% during the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company's stock valued at $37,000 after acquiring an additional 252 shares in the last quarter. Transcendent Capital Group LLC raised its holdings in shares of 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 valued at $42,000 after acquiring an additional 550 shares in the last quarter. Finally, Fortitude Family Office LLC raised its holdings in shares of Uber Technologies by 84.7% during the third quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company's stock valued at $45,000 after acquiring an additional 276 shares in the last quarter. Institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Performance

NYSE:UBER traded down $1.28 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 stock has a market cap of $141.71 billion, a price-to-earnings ratio of 33.48, a price-to-earnings-growth ratio of 0.71 and a beta of 1.36. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The business'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 52-week low of $54.84 and a 52-week high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.79. The business had revenue of $11.19 billion for the quarter, compared to analysts' expectations of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business's revenue for the quarter was up 20.4% on a year-over-year basis. During the same period last year, the firm posted $0.10 earnings per share. As a group, research analysts predict that Uber Technologies, Inc. will post 1.9 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 27,780 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the transaction, the insider now owns 107,289 shares of the company's stock, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.80% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Gordon Haskett upgraded Uber Technologies from a "hold" rating to a "buy" rating and set a $85.00 target price for the company in a report on Thursday, October 31st. Daiwa America downgraded Uber Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 17th. Truist Financial decreased their target price on Uber Technologies from $99.00 to $95.00 and set a "buy" rating for the company in a report on Friday, November 1st. The Goldman Sachs Group restated a "buy" rating and set a $96.00 target price on shares of Uber Technologies in a report on Thursday, January 2nd. Finally, Evercore ISI upped their target price on Uber Technologies from $90.00 to $120.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. Seven equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Uber Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $91.53.

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.