Modus Advisors LLC Acquires 3,178 Shares of Uber Technologies, Inc. (NYSE:UBER)

Modus Advisors LLC raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 5.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,841 shares of the ride-sharing company’s stock after purchasing an additional 3,178 shares during the quarter. Modus Advisors LLC’s holdings in Uber Technologies were worth $3,851,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. CENTRAL TRUST Co lifted its stake in Uber Technologies by 12.3% during the 3rd quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company’s stock valued at $87,000 after acquiring an additional 127 shares in the last quarter. Procyon Advisors LLC increased its stake in Uber Technologies by 2.1% in the 3rd quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company’s stock valued at $476,000 after buying an additional 131 shares during the last quarter. DT Investment Partners LLC lifted its position in shares of Uber Technologies by 21.4% during the 3rd quarter. DT Investment Partners LLC now owns 821 shares of the ride-sharing company’s stock worth $62,000 after buying an additional 145 shares in the last quarter. Jmac Enterprises LLC boosted its position in Uber Technologies by 2.1% in the third quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company’s stock worth $552,000 after purchasing an additional 150 shares during the last quarter. Finally, Wealthspire Advisors LLC grew its stake in Uber Technologies by 0.6% in the 2nd quarter. Wealthspire Advisors LLC now owns 24,893 shares of the ride-sharing company’s stock valued at $1,809,000 after purchasing an additional 151 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the company’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 sale, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.84% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on UBER. Tigress Financial raised their price target on shares of Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Oppenheimer increased their price target on Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. BMO Capital Markets restated an “outperform” rating and issued a $92.00 price objective on shares of Uber Technologies in a research note on Friday, October 11th. Raymond James initiated coverage on shares of Uber Technologies in a report on Tuesday, September 24th. They issued a “strong-buy” rating and a $90.00 price objective for the company. Finally, Daiwa America cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Six 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, the company has an average rating of “Moderate Buy” and a consensus price target of $91.53.

Uber Technologies Stock Performance

Shares of NYSE:UBER traded up $0.75 on Friday, reaching $63.92. The company’s stock had a trading volume of 6,844,892 shares, compared to its average volume of 15,302,163. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The stock’s 50-day moving average is $68.24 and its two-hundred day moving average is $70.73. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market capitalization of $134.60 billion, a P/E ratio of 31.80, a PEG ratio of 0.75 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data 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. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. 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 firm posted $0.10 earnings per share. Uber Technologies’s revenue was up 20.4% on a year-over-year basis. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 1.89 EPS for the current 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.