Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Revolve Wealth Partners LLC

Revolve Wealth Partners LLC boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 65.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,563 shares of the ride-sharing company’s stock after buying an additional 6,129 shares during the period. Revolve Wealth Partners LLC’s holdings in Uber Technologies were worth $939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kieckhefer Group LLC purchased a new position in shares of Uber Technologies in the fourth quarter worth about $33,000. Retirement Wealth Solutions LLC purchased a new position in Uber Technologies during the 4th quarter worth approximately $35,000. Financial Management Professionals Inc. lifted its stake in Uber Technologies by 104.1% during the 3rd 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 during the period. Transcendent Capital Group LLC lifted 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 acquiring an additional 550 shares during the period. Finally, Fortitude Family Office LLC boosted its holdings in shares of Uber Technologies by 84.7% in the 3rd quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company’s stock valued at $45,000 after acquiring an additional 276 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Trading Up 0.3 %

Shares of UBER stock opened at $68.74 on Tuesday. 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, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The company’s 50-day moving average price is $65.86 and its 200-day moving average price is $70.26. The stock has a market cap of $144.74 billion, a price-to-earnings ratio of 34.20, a PEG ratio of 0.77 and a beta of 1.36.

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. The company had revenue of $11.19 billion for 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%. Uber Technologies’s revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.10 EPS. As a group, equities analysts predict that Uber Technologies, Inc. will post 1.86 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on UBER. Wolfe Research upped their target price on Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Needham & Company LLC restated a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a research report on Monday. JMP Securities lowered 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 report on Thursday, January 2nd. Benchmark reissued a “hold” rating on shares of Uber Technologies in a report on Friday, November 1st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $96.00 price objective on shares of Uber Technologies in a report on Thursday, January 2nd. Seven equities research 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $91.53.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction 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 transaction, the insider now owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This represents a 20.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.84% of the stock is currently owned by insiders.

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.