Unique Wealth Strategies LLC Invests $466,000 in Uber Technologies, Inc. (NYSE:UBER)

Unique Wealth Strategies LLC acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,561 shares of the ride-sharing company’s stock, valued at approximately $466,000.

Other institutional investors also recently modified their holdings of the company. Highlander Capital Management LLC boosted its position in shares of Uber Technologies by 100.0% during the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after buying an additional 250 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in Uber Technologies by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 877,589 shares of the ride-sharing company’s stock valued at $40,360,000 after acquiring an additional 3,530 shares during the period. Compagnie Lombard Odier SCmA lifted its holdings in Uber Technologies by 73.0% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 33,535 shares of the ride-sharing company’s stock valued at $2,065,000 after acquiring an additional 14,153 shares during the period. Financial Enhancement Group LLC bought a new position in Uber Technologies in the fourth quarter valued at about $1,112,000. Finally, Fifth Third Bancorp lifted its holdings in Uber Technologies by 54.3% in the fourth quarter. Fifth Third Bancorp now owns 68,894 shares of the ride-sharing company’s stock valued at $4,242,000 after acquiring an additional 24,247 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UBER has been the topic of a number of recent research reports. Moffett Nathanson reissued a “buy” rating and issued a $92.00 target price on shares of Uber Technologies in a report on Thursday, April 11th. Barclays raised their price objective on Uber Technologies from $63.00 to $86.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Susquehanna raised their price objective on Uber Technologies from $60.00 to $85.00 and gave the stock a “positive” rating in a research note on Thursday, February 8th. JPMorgan Chase & Co. raised their price objective on Uber Technologies from $84.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Finally, UBS Group raised their price objective on Uber Technologies from $94.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.94.

Uber Technologies Price Performance

Shares of UBER stock traded down $0.26 during trading hours on Friday, reaching $69.05. The company had a trading volume of 16,187,639 shares, compared to its average volume of 17,118,054. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a fifty day moving average of $76.30 and a 200-day moving average of $64.48. The company has a market capitalization of $143.72 billion, a price-to-earnings ratio of 80.29, a PEG ratio of 1.09 and a beta of 1.36. Uber Technologies, Inc. has a 12-month low of $29.22 and a 12-month high of $82.14.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.50. The business had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.76 billion. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The business’s revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.29 earnings per share. On average, equities analysts anticipate that Uber Technologies, Inc. will post 1.22 earnings per share for the current year.

Insider Activity

In related news, insider Tony West sold 18,750 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the transaction, the insider now directly owns 185,566 shares in the company, valued at $13,004,465.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Jill Hazelbaker sold 20,000 shares of the firm’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 transaction, the insider now directly owns 107,290 shares in the company, valued at $8,350,380.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Tony West sold 18,750 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the transaction, 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. Company insiders own 3.84% of the company’s stock.

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.