Global Wealth Management Investment Advisory Inc. Buys 10,020 Shares of Uber Technologies, Inc. (NYSE:UBER)

Global Wealth Management Investment Advisory Inc. raised its stake in Uber Technologies, Inc. (NYSE:UBER) by 26.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 47,552 shares of the ride-sharing company’s stock after buying an additional 10,020 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Uber Technologies were worth $2,868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. AMF Tjanstepension AB bought a new position in Uber Technologies during the 3rd quarter worth $163,468,000. Livforsakringsbolaget Skandia Omsesidigt increased its position in Uber Technologies by 327.3% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 14,166 shares of the ride-sharing company’s stock worth $1,065,000 after acquiring an additional 10,851 shares during the period. Ritholtz Wealth Management raised its stake in Uber Technologies by 53.9% in the 3rd quarter. Ritholtz Wealth Management now owns 35,445 shares of the ride-sharing company’s stock worth $2,664,000 after purchasing an additional 12,419 shares in the last quarter. CRA Financial Services LLC boosted its holdings in Uber Technologies by 5.5% in the 3rd quarter. CRA Financial Services LLC now owns 3,386 shares of the ride-sharing company’s stock valued at $254,000 after purchasing an additional 175 shares during the period. Finally, Carnegie Investment Counsel acquired a new position in shares of Uber Technologies during the 3rd quarter worth approximately $742,000. 80.24% of the stock is owned by institutional investors.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the company’s 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 completion of the transaction, the insider now owns 107,289 shares in the company, valued at $7,821,368.10. This represents a 20.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $74.76 on Monday. The company has a market cap of $157.43 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 0.81 and a beta of 1.39. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The business has a 50 day moving average price of $65.34 and a 200-day moving average price of $70.14.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating 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%. Equities analysts anticipate that Uber Technologies, Inc. will post 2.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on UBER. Tigress Financial boosted their price target on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research note on Monday, November 25th. JMP Securities reiterated a “market perform” rating on shares of Uber Technologies in a research report on Thursday. Gordon Haskett upgraded Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Thursday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday. Seven research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $90.70.

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.