9,444 Shares in Uber Technologies, Inc. (NYSE:UBER) Bought by Whitaker Myers Wealth Managers LTD.

Whitaker Myers Wealth Managers LTD. bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER) in the fourth quarter, Holdings Channel.com reports. The fund bought 9,444 shares of the ride-sharing company’s stock, valued at approximately $570,000.

Other hedge funds have also bought and sold shares of the company. Ascent Wealth Partners LLC acquired a new stake in Uber Technologies in the third quarter worth $2,087,000. Teachers Retirement System of The State of Kentucky grew its holdings in Uber Technologies by 4.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock worth $24,180,000 after purchasing an additional 13,433 shares during the period. Aviso Wealth Management acquired a new stake in Uber Technologies in the third quarter worth $2,302,000. Brophy Wealth Management LLC acquired a new stake in Uber Technologies in the third quarter worth $1,041,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in Uber Technologies by 9.8% in the third 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 Activity

In related news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the sale, the insider now directly owns 107,289 shares in the company, valued at $7,821,368.10. This represents a 20.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.80% of the stock is owned by corporate insiders.

Uber Technologies Price Performance

UBER stock opened at $67.30 on Friday. 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, Inc. has a one year low of $54.84 and a one year high of $87.00. The stock has a market cap of $141.71 billion, a PE ratio of 33.48, a P/E/G ratio of 0.71 and a beta of 1.36. The firm has a 50 day simple moving average of $66.24 and a two-hundred day simple moving average of $70.36.

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

Analysts Set New Price Targets

A number of research firms have commented on UBER. Loop Capital raised their price target on shares of Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Wells Fargo & Company reduced their price objective on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, November 1st. DA Davidson lifted their price objective on shares of Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Tigress Financial lifted their price objective on shares of Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a report on Monday, November 25th. Finally, Wolfe Research raised their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Seven equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $91.53.

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.