Brighton Jones LLC Increases Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Brighton Jones LLC raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 3.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 74,460 shares of the ride-sharing company’s stock after buying an additional 2,474 shares during the period. Brighton Jones LLC’s holdings in Uber Technologies were worth $4,491,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kieckhefer Group LLC acquired a new stake in shares of Uber Technologies in the 4th quarter valued at about $33,000. Retirement Wealth Solutions LLC bought a new position in Uber Technologies during the fourth quarter worth $35,000. Financial Management Professionals Inc. boosted its holdings in shares of Uber Technologies by 104.1% in 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 during the period. Transcendent Capital Group LLC grew its holdings 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 purchasing an additional 550 shares during the last quarter. Finally, Fortitude Family Office LLC lifted its stake in Uber Technologies by 84.7% in the third quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company’s stock valued at $45,000 after buying an additional 276 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Insider Activity

In related news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction dated 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 in the company, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.84% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on UBER shares. DA Davidson raised their target price on shares of Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Evercore ISI increased their target price on shares of Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Jefferies Financial Group upped their price target on Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. BMO Capital Markets reaffirmed an “outperform” rating and set a $92.00 price target on shares of Uber Technologies in a research note on Friday, October 11th. Finally, JMP Securities downgraded shares of Uber Technologies from an “outperform” rating to a “market perform” rating and set a $95.00 target price for the company. in a research note on Thursday, January 2nd. 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $91.53.

Uber Technologies Stock Up 0.7 %

UBER stock opened at $68.28 on Friday. The company’s 50 day moving average is $66.02 and its 200 day moving average is $70.29. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. 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 stock has a market cap of $143.77 billion, a price-to-earnings ratio of 33.97, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.79. The business had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. Uber Technologies’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period last year, the company earned $0.10 EPS. Sell-side analysts predict that Uber Technologies, Inc. will post 1.86 EPS for the current fiscal year.

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.