Foster Victor Wealth Advisors LLC Has $9.61 Million Holdings in Uber Technologies, Inc. (NYSE:UBER)

Foster Victor Wealth Advisors LLC lifted its position in Uber Technologies, Inc. (NYSE:UBER) by 31.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 159,361 shares of the ride-sharing company’s stock after purchasing an additional 38,413 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in Uber Technologies were worth $9,613,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CENTRAL TRUST Co boosted its position in Uber Technologies by 12.3% in the third quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company’s stock valued at $87,000 after buying an additional 127 shares in the last quarter. Procyon Advisors LLC raised its holdings in Uber Technologies by 2.1% during the third quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company’s stock worth $476,000 after acquiring an additional 131 shares in the last quarter. DT Investment Partners LLC grew its position in shares of Uber Technologies by 21.4% in the 3rd quarter. DT Investment Partners LLC now owns 821 shares of the ride-sharing company’s stock valued at $62,000 after acquiring an additional 145 shares during the period. Jmac Enterprises LLC grew its holdings in Uber Technologies by 2.1% during the third quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company’s stock worth $552,000 after purchasing an additional 150 shares during the period. Finally, Canopy Partners LLC lifted its holdings in Uber Technologies by 2.2% during the 3rd quarter. Canopy Partners LLC now owns 6,958 shares of the ride-sharing company’s stock valued at $523,000 after purchasing an additional 151 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies Stock Performance

Shares of UBER opened at $68.08 on Wednesday. The stock has a 50 day moving average of $65.83 and a 200 day moving average of $70.19. The company has a market capitalization of $143.35 billion, a price-to-earnings ratio of 33.87, a PEG ratio of 0.77 and a beta of 1.36. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last announced its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.79. The firm had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business’s revenue was up 20.4% compared to the same quarter last year. During the same period last year, the firm posted $0.10 EPS. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 1.86 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on UBER. BMO Capital Markets reiterated an “outperform” rating and set a $92.00 target price on shares of Uber Technologies in a research note on Friday, October 11th. Wells Fargo & Company reduced their price target on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. 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. Truist Financial dropped their target price on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, Cantor Fitzgerald increased their price target on shares of Uber Technologies from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday. Seven investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.08.

Insider Activity

In related news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction dated 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 sale, the insider now owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.84% of the company’s stock.

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.