Empirical Financial Services LLC d.b.a. Empirical Wealth Management Makes New $681,000 Investment in Uber Technologies, Inc. (NYSE:UBER)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the 4th quarter, Holdings Channel.com reports. The firm bought 11,055 shares of the ride-sharing company’s stock, valued at approximately $681,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Drive Wealth Management LLC boosted its stake in shares of Uber Technologies by 3.6% in the fourth quarter. Drive Wealth Management LLC now owns 4,691 shares of the ride-sharing company’s stock valued at $289,000 after purchasing an additional 163 shares during the period. Blue Bell Private Wealth Management LLC grew its stake in shares of Uber Technologies by 49.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock valued at $32,000 after acquiring an additional 174 shares in the last quarter. Cigna Investments Inc. New grew its stake in shares of Uber Technologies by 0.9% during the fourth quarter. Cigna Investments Inc. New now owns 20,743 shares of the ride-sharing company’s stock valued at $1,277,000 after acquiring an additional 178 shares in the last quarter. Procyon Advisors LLC lifted its stake in shares of Uber Technologies by 3.6% in the fourth quarter. Procyon Advisors LLC now owns 5,258 shares of the ride-sharing company’s stock worth $324,000 after acquiring an additional 182 shares in the last quarter. Finally, Harbour Capital Advisors LLC boosted its holdings in Uber Technologies by 2.1% in the fourth quarter. Harbour Capital Advisors LLC now owns 9,920 shares of the ride-sharing company’s stock valued at $578,000 after purchasing an additional 200 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the transaction, the insider now directly owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction dated 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 owns 185,566 shares in the company, valued at approximately $13,004,465.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies 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 transaction, the insider now directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. Insiders own 3.80% of the company’s stock.

Analyst Ratings Changes

UBER has been the subject of several research analyst reports. Oppenheimer reiterated an “outperform” rating and set a $90.00 target price on shares of Uber Technologies in a research note on Monday, April 29th. TheStreet raised shares of Uber Technologies from a “c” rating to a “b-” rating in a research report on Wednesday, February 7th. BMO Capital Markets increased their price target on shares of Uber Technologies from $82.00 to $92.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Truist Financial boosted their price objective on Uber Technologies from $90.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Finally, BTIG Research increased their target price on Uber Technologies from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Two equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $83.00.

Uber Technologies Trading Down 5.7 %

Uber Technologies stock opened at $66.40 on Thursday. Uber Technologies, Inc. has a 12-month low of $37.07 and a 12-month high of $82.14. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market capitalization of $138.20 billion, a PE ratio of 77.21, a price-to-earnings-growth ratio of 1.09 and a beta of 1.39. The firm has a 50 day simple moving average of $74.80 and a 200-day simple moving average of $65.83.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.50. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The firm 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 posted $0.29 EPS. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. As a group, equities research analysts expect that Uber Technologies, Inc. will post 1.23 EPS for the current fiscal year.

Uber Technologies 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.