Uber Technologies, Inc. $UBER Shares Bought by EPG Wealth Management LLC

EPG Wealth Management LLC grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) by 87.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,186 shares of the ride-sharing company’s stock after buying an additional 15,436 shares during the period. Uber Technologies accounts for about 0.9% of EPG Wealth Management LLC’s investment portfolio, making the stock its 24th biggest holding. EPG Wealth Management LLC’s holdings in Uber Technologies were worth $3,251,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after acquiring an additional 2,474 shares during the period. Revolve Wealth Partners LLC lifted its holdings in Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after purchasing an additional 6,129 shares during the period. Bison Wealth LLC lifted its holdings in Uber Technologies by 20.3% in the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock worth $229,000 after purchasing an additional 641 shares during the period. Caxton Associates LLP bought a new position in Uber Technologies in the 1st quarter valued at about $304,000. Finally, Kathmere Capital Management LLC acquired a new position in Uber Technologies during the 2nd quarter valued at about $256,000. 80.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on UBER shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of Uber Technologies in a research note on Wednesday, January 7th. TD Cowen restated a “buy” rating on shares of Uber Technologies in a research report on Wednesday, November 5th. UBS Group set a $122.00 price target on Uber Technologies and gave the company a “buy” rating in a research note on Wednesday, November 5th. Cantor Fitzgerald dropped their price objective on Uber Technologies from $108.00 to $99.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. Finally, Citigroup restated a “market perform” rating on shares of Uber Technologies in a report on Wednesday, December 10th. Four research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $107.50.

View Our Latest Stock Analysis on UBER

Insider Activity at Uber Technologies

In other news, insider Tony West sold 3,125 shares of the stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $83.50, for a total value of $260,937.50. Following the completion of the sale, the insider owned 176,584 shares in the company, valued at $14,744,764. This represents a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of Uber Technologies stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total value of $519,255.00. Following the transaction, the chief financial officer owned 20,330 shares in the company, valued at $1,919,355.30. This represents a 21.29% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 14,875 shares of company stock valued at $1,319,130. 3.70% of the stock is owned by insiders.

Uber Technologies Trading Down 1.0%

Shares of NYSE UBER opened at $81.19 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 12 month low of $60.63 and a 12 month high of $101.99. The company has a market cap of $168.70 billion, a price-to-earnings ratio of 10.44 and a beta of 1.20. The business has a fifty day simple moving average of $84.25 and a 200-day simple moving average of $90.46.

Uber Technologies (NYSE:UBERGet Free Report) last posted its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $2.44. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The firm had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.25 billion. During the same quarter in the previous year, the company earned $1.20 EPS. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. Sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Uber Technologies News Summary

Here are the key news stories impacting Uber Technologies this week:

Uber Technologies Company Profile

(Free Report)

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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