Western Financial Corp CA Boosts Holdings in Uber Technologies, Inc. (NYSE:UBER)

Western Financial Corp CA grew its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 9.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,799 shares of the ride-sharing company’s stock after purchasing an additional 2,391 shares during the period. Uber Technologies makes up 0.9% of Western Financial Corp CA’s portfolio, making the stock its 27th biggest holding. Western Financial Corp CA’s holdings in Uber Technologies were worth $1,677,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Manuka Financial LLC bought a new stake in Uber Technologies during the fourth quarter valued at $282,000. Destiny Wealth Partners LLC boosted its position in shares of Uber Technologies by 4.3% during the 4th quarter. Destiny Wealth Partners LLC now owns 54,193 shares of the ride-sharing company’s stock valued at $3,269,000 after acquiring an additional 2,214 shares during the last quarter. Chicago Partners Investment Group LLC grew its holdings in shares of Uber Technologies by 22.4% during the fourth quarter. Chicago Partners Investment Group LLC now owns 11,610 shares of the ride-sharing company’s stock worth $754,000 after purchasing an additional 2,125 shares in the last quarter. Clear Creek Financial Management LLC increased its position in shares of Uber Technologies by 61.5% in the fourth quarter. Clear Creek Financial Management LLC now owns 4,672 shares of the ride-sharing company’s stock worth $282,000 after purchasing an additional 1,780 shares during the last quarter. Finally, Austin Private Wealth LLC raised its stake in Uber Technologies by 18.7% in the fourth quarter. Austin Private Wealth LLC now owns 4,217 shares of the ride-sharing company’s stock valued at $254,000 after purchasing an additional 663 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. 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. Wells Fargo & Company reduced their target price on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $96.00 price target on shares of Uber Technologies in a research note on Thursday, January 2nd. Royal Bank of Canada increased their price objective on Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Cantor Fitzgerald upped their target price on Uber Technologies from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday. Seven investment 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.08.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction that occurred 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 sale, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. The trade was a 20.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 3.84% of the company’s stock.

Uber Technologies Stock Up 0.4 %

UBER stock opened at $66.86 on Friday. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The company has a market capitalization of $140.79 billion, a price-to-earnings ratio of 33.26, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. The business’s 50 day moving average price is $65.71 and its two-hundred day moving average price is $70.14. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. During the same period in the prior year, the firm earned $0.10 earnings per share. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. As a group, analysts forecast that Uber Technologies, Inc. will post 1.85 earnings per share for the current fiscal year.

Uber Technologies Company 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.