Sax Wealth Advisors LLC Buys 1,952 Shares of Uber Technologies, Inc. (NYSE:UBER)

Sax Wealth Advisors LLC grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 53.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,635 shares of the ride-sharing company’s stock after acquiring an additional 1,952 shares during the period. Sax Wealth Advisors LLC’s holdings in Uber Technologies were worth $340,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Intech Investment Management LLC grew its holdings in Uber Technologies by 138.7% during the 2nd quarter. Intech Investment Management LLC now owns 108,598 shares of the ride-sharing company’s stock worth $7,893,000 after acquiring an additional 63,093 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Uber Technologies by 6.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 28,236 shares of the ride-sharing company’s stock valued at $2,052,000 after purchasing an additional 1,717 shares in the last quarter. Hollencrest Capital Management increased its holdings in Uber Technologies by 31.0% during the second quarter. Hollencrest Capital Management now owns 2,809 shares of the ride-sharing company’s stock valued at $204,000 after buying an additional 665 shares during the period. AE Wealth Management LLC raised its stake in Uber Technologies by 25.8% in the second quarter. AE Wealth Management LLC now owns 125,435 shares of the ride-sharing company’s stock worth $9,117,000 after buying an additional 25,692 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its holdings in Uber Technologies by 3.8% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 381,485 shares of the ride-sharing company’s stock worth $27,772,000 after buying an additional 14,121 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was 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 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. 3.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

UBER has been the topic of a number of analyst reports. UBS Group lifted their price target on Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a report on Friday, October 18th. Oppenheimer lifted their target price on Uber Technologies from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. Raymond James assumed coverage on shares of Uber Technologies in a research report on Tuesday, September 24th. They set a “strong-buy” rating and a $90.00 price target for the company. Citizens Jmp downgraded shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Finally, Wells Fargo & Company reduced their price objective on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $91.53.

Uber Technologies Stock Down 1.9 %

Shares of UBER stock opened at $67.30 on Friday. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The stock has a market cap of $141.71 billion, a P/E ratio of 33.48, a P/E/G ratio of 0.71 and a beta of 1.36. The stock has a 50 day moving average of $66.24 and a 200 day moving average of $70.36. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last posted its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. During the same period in the previous year, the firm earned $0.10 EPS. The business’s quarterly revenue was up 20.4% on a year-over-year basis. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 1.9 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.