Power Wealth Management LLC Acquires New Position in Uber Technologies, Inc. (NYSE:UBER)

Power Wealth Management LLC bought a new position in Uber Technologies, Inc. (NYSE:UBER) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,375 shares of the ride-sharing company’s stock, valued at approximately $516,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Brown Advisory Inc. boosted its stake in Uber Technologies by 1,108.6% during the 3rd quarter. Brown Advisory Inc. now owns 15,683,867 shares of the ride-sharing company’s stock valued at $721,301,000 after purchasing an additional 14,386,205 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in shares of Uber Technologies during the third quarter worth approximately $272,625,000. Jericho Capital Asset Management L.P. acquired a new position in shares of Uber Technologies during the third quarter worth approximately $187,111,000. Winslow Capital Management LLC grew its holdings in Uber Technologies by 33.6% in the 3rd quarter. Winslow Capital Management LLC now owns 9,062,836 shares of the ride-sharing company’s stock worth $416,800,000 after buying an additional 2,278,252 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Uber Technologies by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 124,353,537 shares of the ride-sharing company’s stock valued at $5,719,019,000 after acquiring an additional 2,067,098 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Up 1.0 %

Shares of NYSE:UBER traded up $0.66 during trading on Friday, reaching $69.23. 15,557,671 shares of the company traded hands, compared to its average volume of 18,839,496. The firm has a fifty day simple moving average of $75.33 and a 200 day simple moving average of $65.27. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. Uber Technologies, Inc. has a 1-year low of $36.69 and a 1-year high of $82.14. The firm has a market cap of $144.09 billion, a P/E ratio of 80.50, a price-to-earnings-growth ratio of 1.09 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.50. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The business had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.76 billion. During the same period last year, the company earned $0.29 earnings per share. Uber Technologies’s quarterly revenue was up 15.4% compared to the same quarter last year. Analysts anticipate that Uber Technologies, Inc. will post 1.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

UBER has been the topic of a number of research analyst reports. BTIG Research raised their price target on Uber Technologies from $80.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. TheStreet raised shares of Uber Technologies from a “c” rating to a “b-” rating in a research note on Wednesday, February 7th. Argus upped their price target on shares of Uber Technologies from $69.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Moffett Nathanson reiterated a “buy” rating and set a $92.00 price objective on shares of Uber Technologies in a research note on Thursday, April 11th. Finally, JMP Securities restated a “market outperform” rating and issued a $85.00 target price on shares of Uber Technologies in a research report on Thursday, March 28th. Two analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.65.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the transaction, the insider now directly owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the sale, the insider now owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the transaction, the insider now directly owns 185,566 shares in the company, valued at approximately $13,004,465.28. The disclosure for this sale can be found here. 3.84% of the stock is owned by company insiders.

Uber Technologies Company Profile

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.