Smith Thornton Advisors LLC Takes Position in Uber Technologies, Inc. (NYSE:UBER)

Smith Thornton Advisors LLC bought a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 5,887 shares of the ride-sharing company’s stock, valued at approximately $355,000.

Several other hedge funds also recently bought and sold shares of UBER. Ascent Wealth Partners LLC purchased a new position in shares of Uber Technologies in the third quarter valued at about $2,087,000. Teachers Retirement System of The State of Kentucky raised its stake in Uber Technologies by 4.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock valued at $24,180,000 after purchasing an additional 13,433 shares during the period. Aviso Wealth Management bought a new stake in Uber Technologies during the 3rd quarter valued at approximately $2,302,000. Brophy Wealth Management LLC purchased a new position in Uber Technologies in the 3rd quarter worth approximately $1,041,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in Uber Technologies by 9.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,752,471 shares of the ride-sharing company’s stock worth $432,356,000 after purchasing an additional 512,591 shares during the period. Institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the transaction, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.80% of the company’s stock.

Analyst Upgrades and Downgrades

UBER has been the topic of several research analyst reports. BMO Capital Markets reissued an “outperform” rating and issued a $92.00 target price on shares of Uber Technologies in a report on Friday, October 11th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a research note on Thursday, October 31st. Daiwa Capital Markets lowered Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective for the company. in a research report on Thursday, October 17th. DA Davidson boosted their target price on Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Jefferies Financial Group raised their price target on Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $91.53.

Uber Technologies Stock Up 3.4 %

Shares of NYSE:UBER opened at $67.06 on Thursday. The business’s 50 day moving average is $66.43 and its 200 day moving average is $70.41. The stock has a market cap of $141.21 billion, a P/E ratio of 33.36, a price-to-earnings-growth ratio of 0.71 and a beta of 1.36. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.41 by $0.79. The firm had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.10 earnings per share. Sell-side analysts predict that Uber Technologies, Inc. will post 1.9 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.