Miracle Mile Advisors LLC Acquires 5,633 Shares of Uber Technologies, Inc. (NYSE:UBER)

Miracle Mile Advisors LLC boosted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 18.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 35,867 shares of the ride-sharing company’s stock after purchasing an additional 5,633 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Uber Technologies were worth $2,163,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GHP Investment Advisors Inc. raised its stake in Uber Technologies by 222.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after buying an additional 245 shares during the period. Financial Management Professionals Inc. increased its holdings in shares of Uber Technologies by 104.1% during the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after acquiring an additional 252 shares in the last quarter. Fairfield Financial Advisors LTD acquired a new position in shares of Uber Technologies during the second quarter worth approximately $36,000. Kieckhefer Group LLC acquired a new stake in Uber Technologies in the 4th quarter valued at $33,000. Finally, Transcendent Capital Group LLC increased its stake in Uber Technologies by 3,928.6% during the 3rd 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 in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on UBER shares. Royal Bank of Canada raised their price objective on shares of Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Bank of America lifted their price target on Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Raymond James initiated coverage on Uber Technologies in a report on Tuesday, September 24th. They set a “strong-buy” rating and a $90.00 price objective for the company. Tigress Financial lifted their target price on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, Gordon Haskett raised Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research report on Thursday, October 31st. Seven investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.53.

Uber Technologies Trading Down 0.3 %

Shares of UBER opened at $65.74 on Tuesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The firm has a 50 day moving average price of $66.76 and a 200-day moving average price of $70.48. The firm has a market cap of $138.43 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 0.75 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, beating the consensus estimate of $0.41 by $0.79. The business had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The company’s revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 earnings per share. As a group, equities research analysts forecast that Uber Technologies, Inc. will post 1.89 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 107,289 shares in the company, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.84% of the stock is owned by corporate insiders.

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.