Congress Wealth Management LLC DE Acquires 11,466 Shares of Uber Technologies, Inc. (NYSE:UBER)

Congress Wealth Management LLC DE lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 65.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,999 shares of the ride-sharing company’s stock after acquiring an additional 11,466 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Uber Technologies were worth $1,749,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Kingsview Wealth Management LLC raised its position in shares of Uber Technologies by 18.4% in the third quarter. Kingsview Wealth Management LLC now owns 16,381 shares of the ride-sharing company’s stock valued at $1,231,000 after purchasing an additional 2,546 shares during the period. Larson Financial Group LLC raised its holdings in Uber Technologies by 38.1% in the 3rd quarter. Larson Financial Group LLC now owns 3,284 shares of the ride-sharing company’s stock valued at $247,000 after acquiring an additional 906 shares during the period. Brown Brothers Harriman & Co. lifted its position in Uber Technologies by 178.1% during the third quarter. Brown Brothers Harriman & Co. now owns 3,613 shares of the ride-sharing company’s stock worth $272,000 after acquiring an additional 2,314 shares during the last quarter. Qsemble Capital Management LP bought a new stake in shares of Uber Technologies during the third quarter worth approximately $749,000. Finally, The Manufacturers Life Insurance Company grew its position in shares of Uber Technologies by 0.9% in the third quarter. The Manufacturers Life Insurance Company now owns 1,306,068 shares of the ride-sharing company’s stock valued at $98,168,000 after purchasing an additional 11,190 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Cantor Fitzgerald reissued an “overweight” rating and set a $80.00 price target on shares of Uber Technologies in a report on Thursday, February 6th. Fox Advisors cut shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 11th. Citizens Jmp lowered shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. JMP Securities reissued a “market perform” rating on shares of Uber Technologies in a report on Thursday, February 6th. Finally, Arete Research upgraded shares of Uber Technologies to a “hold” rating in a research report on Tuesday, February 18th. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $90.31.

Uber Technologies Stock Down 1.9 %

Shares of NYSE UBER opened at $74.18 on Thursday. The company has a 50 day simple moving average of $73.21 and a 200 day simple moving average of $71.69. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. 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 $154.95 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. On average, research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insiders Place Their Bets

In other Uber Technologies news, insider Tony West sold 23,404 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the transaction, the insider now owns 114,241 shares in the company, valued at approximately $8,027,715.07. This trade represents a 17.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the completion of the sale, the senior vice president now directly owns 361,908 shares in the company, valued at approximately $25,901,755.56. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 77,154 shares of company stock valued at $5,793,869. 3.84% of the stock is currently owned by company insiders.

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.