Redwood Wealth Management Group LLC Purchases 530 Shares of Uber Technologies, Inc. (NYSE:UBER)

Redwood Wealth Management Group LLC raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 6.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,955 shares of the ride-sharing company’s stock after acquiring an additional 530 shares during the period. Redwood Wealth Management Group LLC’s holdings in Uber Technologies were worth $540,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AMF Tjanstepension AB purchased a new stake in shares of Uber Technologies during the 3rd quarter valued at about $163,468,000. Czech National Bank increased its holdings in Uber Technologies by 7.5% in the 3rd quarter. Czech National Bank now owns 427,983 shares of the ride-sharing company’s stock worth $32,167,000 after acquiring an additional 29,806 shares in the last quarter. GAMMA Investing LLC grew its holdings in Uber Technologies by 12.1% during the 3rd quarter. GAMMA Investing LLC now owns 10,008 shares of the ride-sharing company’s stock valued at $752,000 after buying an additional 1,082 shares in the last quarter. Diversified Trust Co purchased a new stake in Uber Technologies during the 3rd quarter valued at approximately $1,136,000. Finally, Mather Group LLC. grew its holdings in Uber Technologies by 123.1% during the 3rd quarter. Mather Group LLC. now owns 5,357 shares of the ride-sharing company’s stock valued at $403,000 after buying an additional 2,956 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of research reports. Daiwa America downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Cantor Fitzgerald lifted their target price on Uber Technologies from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Evercore ISI lifted their target price on Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Bank of America raised 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. Finally, Loop Capital raised their price target on Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $90.89.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the business’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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.80% of the stock is currently owned by corporate insiders.

Uber Technologies Trading Up 3.6 %

Shares of NYSE:UBER opened at $69.71 on Wednesday. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The company has a market capitalization of $146.79 billion, a PE ratio of 34.68, a PEG ratio of 0.77 and a beta of 1.39. The business has a 50 day moving average of $65.49 and a two-hundred day moving average of $70.09. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70.

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.