Fiduciary Alliance LLC Purchases Shares of 8,566 Uber Technologies, Inc. (NYSE:UBER)

Fiduciary Alliance LLC acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,566 shares of the ride-sharing company’s stock, valued at approximately $644,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Integrated Advisors Network LLC raised its stake in Uber Technologies by 18.6% during the fourth quarter. Integrated Advisors Network LLC now owns 10,375 shares of the ride-sharing company’s stock worth $639,000 after acquiring an additional 1,629 shares in the last quarter. EP Wealth Advisors LLC raised its stake in shares of Uber Technologies by 16.6% in the fourth quarter. EP Wealth Advisors LLC now owns 20,354 shares of the ride-sharing company’s stock valued at $1,253,000 after acquiring an additional 2,904 shares during the last quarter. ICA Group Wealth Management LLC acquired a new position in shares of Uber Technologies in the 4th quarter worth approximately $84,000. PNC Financial Services Group Inc. grew its position in Uber Technologies by 130.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 145,061 shares of the ride-sharing company’s stock worth $8,931,000 after acquiring an additional 82,002 shares during the last quarter. Finally, Moseley Investment Management Inc. acquired a new position in Uber Technologies during the 1st quarter worth about $204,000. 80.24% of the stock is owned by institutional investors.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the transaction, the insider now directly owns 127,352 shares of the company’s stock, valued at $9,169,344. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.84% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of research reports. Piper Sandler raised their price target on shares of Uber Technologies from $86.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, June 25th. Truist Financial lifted their target price on Uber Technologies from $88.00 to $99.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Melius Research began coverage on Uber Technologies in a research note on Monday, July 22nd. They set a “hold” rating and a $77.00 price target on the stock. Citigroup lifted their price objective on Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, Wells Fargo & Company restated an “overweight” rating and set a $97.00 target price on shares of Uber Technologies in a research report on Friday, September 13th. Four analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $88.11.

Uber Technologies Stock Performance

Shares of UBER stock opened at $84.96 on Tuesday. The company has a fifty day moving average price of $73.18 and a two-hundred day moving average price of $70.51. Uber Technologies, Inc. has a one year low of $40.09 and a one year high of $87.00. The stock has a market cap of $177.53 billion, a P/E ratio of 137.03, a P/E/G ratio of 1.35 and a beta of 1.33. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21.

Uber Technologies (NYSE:UBER) last issued its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.16. The business had revenue of $10.70 billion during the quarter, compared to the consensus estimate of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. Uber Technologies’s revenue was up 15.9% on a year-over-year basis. During the same period last year, the business posted $0.18 EPS. As a group, equities analysts predict that Uber Technologies, Inc. will post 1.08 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.