Good Life Advisors LLC Increases Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Good Life Advisors LLC lifted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 113.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 17,910 shares of the ride-sharing company’s stock after acquiring an additional 9,534 shares during the quarter. Good Life Advisors LLC’s holdings in Uber Technologies were worth $1,080,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. AMF Tjanstepension AB purchased a new stake in Uber Technologies in the third quarter worth about $163,468,000. Stratos Wealth Advisors LLC boosted its position in shares of Uber Technologies by 3.9% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 5,327 shares of the ride-sharing company’s stock worth $400,000 after purchasing an additional 202 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Uber Technologies by 25.1% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,161 shares of the ride-sharing company’s stock worth $238,000 after buying an additional 635 shares during the last quarter. Raleigh Capital Management Inc. increased its position in Uber Technologies by 95.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 3,133 shares of the ride-sharing company’s stock valued at $235,000 after buying an additional 1,533 shares in the last quarter. Finally, Foundations Investment Advisors LLC raised its stake in Uber Technologies by 34.0% during the third quarter. Foundations Investment Advisors LLC now owns 8,392 shares of the ride-sharing company’s stock valued at $631,000 after buying an additional 2,130 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

UBER has been the subject of several analyst reports. Wolfe Research raised their price target on Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Bank of America lifted their target price on shares of Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. JMP Securities reiterated a “market perform” rating on shares of Uber Technologies in a report on Thursday, February 6th. Cantor Fitzgerald restated an “overweight” rating and issued a $80.00 price objective on shares of Uber Technologies in a report on Thursday, February 6th. Finally, Citigroup cut their target price on Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Seven equities research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.91.

Uber Technologies Trading Down 0.4 %

Shares of UBER stock opened at $81.17 on Thursday. The stock has a fifty day simple moving average of $67.27 and a two-hundred day simple moving average of $71.04. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The firm has a market capitalization of $170.93 billion, a PE ratio of 17.80, a PEG ratio of 0.87 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping 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%. On average, analysts predict that Uber Technologies, Inc. will post 2.52 EPS for the current fiscal year.

Insider Activity

In related news, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 86,973 shares of the company’s stock, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company 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.