Wedmont Private Capital Purchases 643 Shares of Uber Technologies, Inc. (NYSE:UBER)

Wedmont Private Capital grew its position in Uber Technologies, Inc. (NYSE:UBER) by 3.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 20,558 shares of the ride-sharing company’s stock after acquiring an additional 643 shares during the quarter. Wedmont Private Capital’s holdings in Uber Technologies were worth $1,356,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of UBER. Talbot Financial LLC grew its holdings in Uber Technologies by 2.3% in the fourth quarter. Talbot Financial LLC now owns 107,224 shares of the ride-sharing company’s stock worth $6,468,000 after purchasing an additional 2,370 shares during the last quarter. Salem Investment Counselors Inc. boosted its position in shares of Uber Technologies by 12.9% in the 4th quarter. Salem Investment Counselors Inc. now owns 3,788 shares of the ride-sharing company’s stock worth $228,000 after purchasing an additional 432 shares in the last quarter. Kieckhefer Group LLC purchased a new position in Uber Technologies during the 4th quarter worth $33,000. Brookstone Capital Management increased its position in Uber Technologies by 15.7% during the 4th quarter. Brookstone Capital Management now owns 200,342 shares of the ride-sharing company’s stock valued at $12,085,000 after buying an additional 27,163 shares in the last quarter. Finally, Fiduciary Alliance LLC raised its stake in Uber Technologies by 5.9% in the fourth quarter. Fiduciary Alliance LLC now owns 9,068 shares of the ride-sharing company’s stock valued at $547,000 after buying an additional 502 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Down 0.3 %

Shares of UBER stock opened at $65.74 on Tuesday. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The firm has a market cap of $138.43 billion, a PE ratio of 32.71, a price-to-earnings-growth ratio of 0.75 and a beta of 1.36. The company has a 50-day moving average of $66.76 and a two-hundred day moving average of $70.48. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. The firm had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the company posted $0.10 EPS. On average, analysts predict that Uber Technologies, Inc. will post 1.89 EPS for the current year.

Insider Activity

In related news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $72.90, for a total value 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. The trade was a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.84% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. KeyCorp cut their price objective on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. BMO Capital Markets restated an “outperform” rating and set a $92.00 price target on shares of Uber Technologies in a research note on Friday, October 11th. Bank of America lifted their price objective on shares of Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Loop Capital upped their target price on Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Jefferies Financial Group lifted their price target on Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Seven analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $91.53.

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.