Naviter Wealth LLC Takes Position in Uber Technologies, Inc. (NYSE:UBER)

Naviter Wealth LLC acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the 4th quarter, Holdings Channel.com reports. The firm acquired 3,967 shares of the ride-sharing company’s stock, valued at approximately $244,000.

Several other institutional investors have also modified their holdings of the business. Drive Wealth Management LLC lifted its holdings in shares of Uber Technologies by 3.6% during the 4th quarter. Drive Wealth Management LLC now owns 4,691 shares of the ride-sharing company’s stock valued at $289,000 after purchasing an additional 163 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its holdings in shares of Uber Technologies by 49.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock valued at $32,000 after purchasing an additional 174 shares in the last quarter. Cigna Investments Inc. New lifted its holdings in shares of Uber Technologies by 0.9% during the 4th quarter. Cigna Investments Inc. New now owns 20,743 shares of the ride-sharing company’s stock valued at $1,277,000 after purchasing an additional 178 shares in the last quarter. Procyon Advisors LLC lifted its holdings in shares of Uber Technologies by 3.6% during the 4th quarter. Procyon Advisors LLC now owns 5,258 shares of the ride-sharing company’s stock valued at $324,000 after purchasing an additional 182 shares in the last quarter. Finally, Harbour Capital Advisors LLC lifted its stake in Uber Technologies by 2.1% in the 4th quarter. Harbour Capital Advisors LLC now owns 9,920 shares of the ride-sharing company’s stock valued at $578,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on UBER shares. JMP Securities restated a “market outperform” rating and issued a $85.00 target price on shares of Uber Technologies in a research note on Thursday, March 28th. TheStreet upgraded Uber Technologies from a “c” rating to a “b-” rating in a research note on Wednesday, February 7th. Moffett Nathanson restated a “buy” rating and issued a $92.00 target price on shares of Uber Technologies in a research note on Thursday, April 11th. KeyCorp boosted their target price on Uber Technologies from $79.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $85.00 target price on shares of Uber Technologies in a research note on Thursday, February 15th. Two analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $79.39.

Uber Technologies Stock Down 1.7 %

UBER stock opened at $66.26 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $137.91 billion, a PE ratio of 77.05, a PEG ratio of 1.06 and a beta of 1.36. Uber Technologies, Inc. has a 1-year low of $31.76 and a 1-year high of $82.14. The business’s 50 day simple moving average is $75.87 and its 200 day simple moving average is $64.91.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.50. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The firm had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.76 billion. During the same period in the prior year, the firm posted $0.29 EPS. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. As a group, research analysts anticipate that Uber Technologies, Inc. will post 1.23 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the transaction, the insider now directly owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Jill Hazelbaker sold 20,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the sale, the insider now directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Tony West sold 18,750 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the sale, the insider now owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The disclosure for this sale can be found here. Insiders own 3.80% of the company’s stock.

Uber Technologies 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.