Secure Asset Management LLC Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

Secure Asset Management LLC acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,781 shares of the ride-sharing company’s stock, valued at approximately $288,000.

Several other large investors have also modified their holdings of the stock. Galvin Gaustad & Stein LLC raised its stake in Uber Technologies by 34.6% during the fourth quarter. Galvin Gaustad & Stein LLC now owns 297,545 shares of the ride-sharing company’s stock worth $17,948,000 after purchasing an additional 76,437 shares during the period. Avior Wealth Management LLC raised its position in shares of Uber Technologies by 3,154.4% in the 4th quarter. Avior Wealth Management LLC now owns 22,032 shares of the ride-sharing company’s stock worth $1,329,000 after buying an additional 21,355 shares during the period. Teamwork Financial Advisors LLC boosted its holdings in Uber Technologies by 1,907.1% in the fourth quarter. Teamwork Financial Advisors LLC now owns 140,032 shares of the ride-sharing company’s stock valued at $8,447,000 after acquiring an additional 133,055 shares during the last quarter. Raleigh Capital Management Inc. grew its position in Uber Technologies by 116.8% during the fourth quarter. Raleigh Capital Management Inc. now owns 6,791 shares of the ride-sharing company’s stock valued at $410,000 after acquiring an additional 3,658 shares during the period. Finally, Wesbanco Bank Inc. increased its stake in Uber Technologies by 2.1% during the fourth quarter. Wesbanco Bank Inc. now owns 159,495 shares of the ride-sharing company’s stock worth $9,621,000 after acquiring an additional 3,337 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the sale, the insider now directly owns 107,289 shares in the company, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.84% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on UBER. Loop Capital lifted their price objective on Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Royal Bank of Canada boosted their price objective on shares of Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Truist Financial cut their target price on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Bank of America upped their price target on shares of Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Daiwa Capital Markets lowered Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective on the stock. in a research 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.53.

Uber Technologies Trading Up 0.4 %

NYSE UBER opened at $68.59 on Friday. The firm has a market capitalization of $144.42 billion, a PE ratio of 34.12, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The company has a 50-day simple moving average of $65.86 and a 200-day simple moving average of $70.25. 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) last issued its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. The company had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. Uber Technologies’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 earnings per share. On average, equities analysts forecast that Uber Technologies, Inc. will post 1.86 earnings per share 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.