68,563 Shares in Uber Technologies, Inc. (NYSE:UBER) Bought by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC purchased a new stake in Uber Technologies, Inc. (NYSE:UBER) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 68,563 shares of the ride-sharing company’s stock, valued at approximately $4,136,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UBER. CENTRAL TRUST Co lifted its holdings in shares of Uber Technologies by 12.3% during the third quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company’s stock worth $87,000 after purchasing an additional 127 shares during the period. Procyon Advisors LLC raised its holdings in Uber Technologies by 2.1% during the 3rd quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company’s stock worth $476,000 after purchasing an additional 131 shares during the last quarter. DT Investment Partners LLC lifted its holdings in Uber Technologies by 21.4% in the third quarter. DT Investment Partners LLC now owns 821 shares of the ride-sharing company’s stock valued at $62,000 after buying an additional 145 shares during the period. Jmac Enterprises LLC grew its holdings in Uber Technologies by 2.1% during the 3rd quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company’s stock worth $552,000 after acquiring an additional 150 shares during the period. Finally, Canopy Partners LLC raised its position in shares of Uber Technologies by 2.2% in the 3rd quarter. Canopy Partners LLC now owns 6,958 shares of the ride-sharing company’s stock worth $523,000 after acquiring an additional 151 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $80.00 target price on shares of Uber Technologies in a research note on Thursday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $82.00 price objective on shares of Uber Technologies in a research report on Thursday. Bank of America boosted their target price on shares of Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their price target on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Gordon Haskett upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Thursday, October 31st. Seven analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.70.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction on Monday, November 25th. The stock was 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 owns 107,289 shares in the company, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $74.76 on Monday. The business’s fifty day simple moving average is $65.34 and its 200 day simple moving average is $70.14. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The firm has a market capitalization of $157.43 billion, a P/E ratio of 16.40, a price-to-earnings-growth ratio of 0.81 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. As a group, analysts anticipate that Uber Technologies, Inc. will post 2.4 EPS 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.