World Investment Advisors Grows Stock Position in Uber Technologies, Inc. (NYSE:UBER)

World Investment Advisors boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 76.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,824 shares of the ride-sharing company's stock after purchasing an additional 9,051 shares during the period. World Investment Advisors' holdings in Uber Technologies were worth $1,256,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Welch & Forbes LLC boosted its position in Uber Technologies by 3.9% in the fourth quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company's stock valued at $237,000 after buying an additional 148 shares during the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC boosted its holdings in shares of Uber Technologies by 3.5% in the 4th quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company's stock valued at $282,000 after acquiring an additional 150 shares during the last quarter. Drive Wealth Management LLC increased its stake in shares of Uber Technologies by 3.1% in the fourth quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company's stock worth $312,000 after acquiring an additional 155 shares during the period. Institute for Wealth Management LLC. raised its holdings in shares of Uber Technologies by 2.4% during the fourth quarter. Institute for Wealth Management LLC. now owns 6,606 shares of the ride-sharing company's stock worth $398,000 after purchasing an additional 155 shares during the last quarter. Finally, Fairfield Financial Advisors LTD lifted its position in Uber Technologies by 34.0% during the fourth quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company's stock valued at $40,000 after purchasing an additional 170 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Remove Ads

Analysts Set New Price Targets

Several brokerages have weighed in on UBER. UBS Group reaffirmed a "buy" rating on shares of Uber Technologies in a research report on Friday, February 21st. Wolfe Research raised their target price on Uber Technologies from $90.00 to $92.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Royal Bank of Canada restated an "outperform" rating and issued a $82.00 price objective on shares of Uber Technologies in a research report on Thursday, February 6th. JPMorgan Chase & Co. dropped their target price on Uber Technologies from $95.00 to $90.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. Finally, Citigroup reduced their price objective on shares of Uber Technologies from $98.00 to $92.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Uber Technologies currently has an average rating of "Moderate Buy" and an average price target of $90.41.

Insider Buying and Selling

In related news, SVP Nikki Krishnamurthy sold 20,000 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the transaction, the senior vice president now owns 361,908 shares of the company's stock, valued at approximately $25,901,755.56. This represents a 5.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the transaction, the insider now directly owns 86,973 shares of the company's stock, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,154 shares of company stock valued at $5,793,869. Company insiders own 3.84% of the company's stock.

Uber Technologies Trading Up 1.5 %

Shares of Uber Technologies stock traded up $0.98 during trading hours on Monday, hitting $65.60. The company's stock had a trading volume of 32,786,202 shares, compared to its average volume of 20,224,957. The firm has a fifty day moving average of $73.75 and a 200-day moving average of $71.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The stock has a market cap of $137.21 billion, a price-to-earnings ratio of 14.38, a P/E/G ratio of 0.89 and a beta of 1.37. 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 earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

About Uber Technologies

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.