Rockline Wealth Management LLC Acquires 2,568 Shares of Uber Technologies, Inc. (NYSE:UBER)

Rockline Wealth Management LLC raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 19.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,765 shares of the ride-sharing company’s stock after acquiring an additional 2,568 shares during the quarter. Rockline Wealth Management LLC’s holdings in Uber Technologies were worth $951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Kieckhefer Group LLC purchased a new position in shares of Uber Technologies during the 4th quarter valued at $33,000. Retirement Wealth Solutions LLC purchased a new position in Uber Technologies in the 4th quarter worth approximately $35,000. Financial Management Professionals Inc. grew its holdings in Uber Technologies by 104.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after buying an additional 252 shares in the last quarter. Transcendent Capital Group LLC raised its position 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 buying an additional 550 shares during the last quarter. Finally, Crews Bank & Trust purchased a new position in shares of Uber Technologies in the fourth quarter worth $42,000. Institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wells Fargo & Company dropped their price objective on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Citizens Jmp downgraded shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Evercore ISI upped their price objective on Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. JMP Securities reissued a “market perform” rating on shares of Uber Technologies in a research report on Friday. Finally, UBS Group dropped their price objective on shares of Uber Technologies from $114.00 to $107.00 and set a “buy” rating for the company in a research note on Monday. Seven investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $90.89.

Uber Technologies Stock Up 0.7 %

UBER stock opened at $67.33 on Tuesday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The stock has a market capitalization of $141.78 billion, a PE ratio of 33.50, a price-to-earnings-growth ratio of 0.77 and a beta of 1.39. The firm has a 50 day moving average of $65.61 and a 200 day moving average of $70.09.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now owns 107,289 shares in the company, valued at $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.80% of the company’s stock.

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.