Stonebridge Financial Group LLC Acquires Shares of 1,272 Uber Technologies, Inc. (NYSE:UBER)

Stonebridge Financial Group LLC bought a new position in Uber Technologies, Inc. (NYSE:UBER) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,272 shares of the ride-sharing company’s stock, valued at approximately $77,000.

Other institutional investors have also recently made changes to their positions in the company. Cambiar Investors LLC raised its position in Uber Technologies by 47.0% in the 4th quarter. Cambiar Investors LLC now owns 944,909 shares of the ride-sharing company’s stock worth $56,997,000 after purchasing an additional 302,047 shares during the period. Summit Trail Advisors LLC grew its stake in shares of Uber Technologies by 115.7% during the fourth quarter. Summit Trail Advisors LLC now owns 136,166 shares of the ride-sharing company’s stock valued at $8,214,000 after buying an additional 73,027 shares during the last quarter. Principle Wealth Partners LLC purchased a new stake in shares of Uber Technologies in the fourth quarter worth approximately $374,000. Global Wealth Management Investment Advisory Inc. raised its holdings in shares of Uber Technologies by 26.7% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 47,552 shares of the ride-sharing company’s stock worth $2,868,000 after buying an additional 10,020 shares during the period. Finally, Bristlecone Advisors LLC lifted its stake in shares of Uber Technologies by 1.6% during the 4th quarter. Bristlecone Advisors LLC now owns 66,062 shares of the ride-sharing company’s stock worth $3,985,000 after acquiring an additional 1,013 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on UBER shares. Truist Financial cut their price objective on Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Evercore ISI cut their price target on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. JMP Securities reiterated a “market perform” rating on shares of Uber Technologies in a report on Thursday, February 6th. Tigress Financial boosted their price objective on shares of Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $96.00 target price on shares of Uber Technologies in a research report on Thursday, January 2nd. Seven research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $90.70.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the 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 transaction, the insider now directly owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $79.45 on Thursday. 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 cap of $167.30 billion, a PE ratio of 17.42, a P/E/G ratio of 0.81 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The business has a 50-day simple moving average of $65.56 and a two-hundred day simple moving average of $70.34.

Uber Technologies (NYSE:UBER) last released its 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%. As a group, equities analysts expect that Uber Technologies, Inc. will post 2.4 EPS for the current fiscal year.

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.