RMR Wealth Builders Boosts Position in Uber Technologies, Inc. (NYSE:UBER)

RMR Wealth Builders raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 13.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,482 shares of the ride-sharing company’s stock after purchasing an additional 1,869 shares during the period. RMR Wealth Builders’ holdings in Uber Technologies were worth $934,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harbor Capital Advisors Inc. bought a new stake in Uber Technologies in the 4th quarter worth approximately $638,000. ST Germain D J Co. Inc. increased its holdings in shares of Uber Technologies by 4.4% during the fourth quarter. ST Germain D J Co. Inc. now owns 302,861 shares of the ride-sharing company’s stock valued at $18,269,000 after acquiring an additional 12,688 shares in the last quarter. Fortitude Family Office LLC increased its holdings in shares of Uber Technologies by 32.1% in the fourth quarter. Fortitude Family Office LLC now owns 795 shares of the ride-sharing company’s stock valued at $48,000 after purchasing an additional 193 shares during the period. Watts Gwilliam & Co. LLC grew its position in Uber Technologies by 537.1% during the 4th quarter. Watts Gwilliam & Co. LLC now owns 72,943 shares of the ride-sharing company’s stock worth $4,825,000 after purchasing an additional 61,494 shares during the period. Finally, Farmers Trust Co. boosted its holdings in Uber Technologies by 1.8% during the fourth quarter. Farmers Trust Co. now owns 45,323 shares of the ride-sharing company’s stock worth $2,734,000 after buying an additional 799 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Stock Up 1.6 %

Shares of UBER stock traded up $1.05 during midday trading on Friday, reaching $65.96. 30,655,728 shares of the stock were exchanged, compared to its average volume of 29,644,311. The firm has a market cap of $138.89 billion, a PE ratio of 32.82, a price-to-earnings-growth ratio of 0.75 and a beta of 1.36. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The company’s 50 day moving average is $67.06 and its two-hundred day moving average is $70.56. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. During the same period in the previous year, the company earned $0.10 earnings per share. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. On average, equities research analysts predict that Uber Technologies, Inc. will post 1.89 EPS for the current year.

Wall Street Analysts Forecast Growth

UBER has been the topic of several analyst reports. Tigress Financial lifted their price target on shares of Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Wells Fargo & Company decreased their target price on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. Jefferies Financial Group lifted their price target on Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Bank of America raised their price objective on shares of Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada increased their price objective on shares of Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $91.53.

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.