Keudell Morrison Wealth Management Acquires 517 Shares of Uber Technologies, Inc. (NYSE:UBER)

Keudell Morrison Wealth Management lifted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 15.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,890 shares of the ride-sharing company’s stock after purchasing an additional 517 shares during the period. Keudell Morrison Wealth Management’s holdings in Uber Technologies were worth $235,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of UBER. Centaurus Financial Inc. raised its position in shares of Uber Technologies by 59.2% in the second quarter. Centaurus Financial Inc. now owns 14,266 shares of the ride-sharing company’s stock valued at $1,037,000 after purchasing an additional 5,307 shares during the period. Massmutual Trust Co. FSB ADV grew its stake in Uber Technologies by 11.3% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 30,195 shares of the ride-sharing company’s stock valued at $2,269,000 after buying an additional 3,075 shares during the last quarter. AMF Tjanstepension AB bought a new position in Uber Technologies in the 3rd quarter worth $163,468,000. Czech National Bank lifted its position in Uber Technologies by 7.5% during the 3rd quarter. Czech National Bank now owns 427,983 shares of the ride-sharing company’s stock worth $32,167,000 after acquiring an additional 29,806 shares during the last quarter. Finally, Farmers Trust Co. boosted its holdings in Uber Technologies by 1.1% during the third quarter. Farmers Trust Co. now owns 44,524 shares of the ride-sharing company’s stock valued at $3,346,000 after acquiring an additional 469 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Trading Up 0.4 %

Shares of UBER opened at $66.86 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market cap of $140.79 billion, a price-to-earnings ratio of 33.26, a PEG ratio of 0.77 and a beta of 1.36. The stock has a fifty day moving average price of $65.71 and a two-hundred day moving average price of $70.14. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results 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 return on equity of 33.46% and a net margin of 10.49%. The business had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. During the same period in the previous year, the business posted $0.10 earnings per share. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. Analysts predict that Uber Technologies, Inc. will post 1.85 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.84% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on UBER shares. Wells Fargo & Company cut their price objective on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Truist Financial cut their price target on Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a report on Friday, November 1st. Piper Sandler reduced their price objective on Uber Technologies from $98.00 to $82.00 and set an “overweight” rating for the company in a research report on Tuesday. UBS Group boosted their target price on shares of Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a report on Monday, January 27th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.08.

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.