Valley National Advisers Inc. Buys 244 Shares of Uber Technologies, Inc. (NYSE:UBER)

Valley National Advisers Inc. raised its position in Uber Technologies, Inc. (NYSE:UBER) by 3.8% during the fourth quarter, Holdings Channel reports. The firm owned 6,718 shares of the ride-sharing company’s stock after purchasing an additional 244 shares during the period. Valley National Advisers Inc.’s holdings in Uber Technologies were worth $405,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Kieckhefer Group LLC bought a new stake in shares of Uber Technologies in the 4th quarter valued at $33,000. Retirement Wealth Solutions LLC acquired a new stake in Uber Technologies in the fourth quarter worth $35,000. Financial Management Professionals Inc. increased its stake in Uber Technologies by 104.1% in the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after purchasing an additional 252 shares in the last quarter. Transcendent Capital Group LLC raised 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 period. Finally, Crews Bank & Trust acquired a new stake in shares of Uber Technologies in the 4th quarter valued at about $42,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on UBER. Citizens Jmp lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Daiwa Capital Markets downgraded shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective on the stock. in a report on Thursday, October 17th. BMO Capital Markets reissued an “outperform” rating and set a $92.00 target price on shares of Uber Technologies in a research report on Friday, October 11th. Gordon Haskett upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Thursday, October 31st. Finally, 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. Seven analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $91.08.

Insider Activity

In other news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction 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. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.80% of the company’s stock.

Uber Technologies Stock Up 0.4 %

Uber Technologies stock opened at $66.86 on Monday. The firm has a market capitalization of $140.79 billion, a price-to-earnings ratio of 33.26, a P/E/G ratio of 0.77 and a beta of 1.39. The firm has a 50 day simple moving average of $65.61 and a 200 day simple moving average of $70.08. 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.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. During the same period in the previous year, the company posted $0.10 EPS. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. On average, analysts predict that Uber Technologies, Inc. will post 1.89 earnings per share for the current year.

About Uber Technologies

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.