Signal Advisors Wealth LLC Has $1.02 Million Stake in Uber Technologies, Inc. (NYSE:UBER)

Signal Advisors Wealth LLC raised its position in Uber Technologies, Inc. (NYSE:UBER) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,960 shares of the ride-sharing company’s stock after acquiring an additional 189 shares during the quarter. Signal Advisors Wealth LLC’s holdings in Uber Technologies were worth $1,023,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of UBER. Brown Brothers Harriman & Co. raised its stake in Uber Technologies by 58.0% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 1,299 shares of the ride-sharing company’s stock valued at $94,000 after acquiring an additional 477 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Uber Technologies by 10.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 8,464,780 shares of the ride-sharing company’s stock valued at $615,220,000 after purchasing an additional 821,508 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Uber Technologies by 13.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,798,884 shares of the ride-sharing company’s stock valued at $203,401,000 after purchasing an additional 341,312 shares during the period. Mesirow Financial Investment Management Inc. raised its position in shares of Uber Technologies by 278.1% in the second quarter. Mesirow Financial Investment Management Inc. now owns 45,059 shares of the ride-sharing company’s stock valued at $3,275,000 after purchasing an additional 33,142 shares during the period. Finally, One Capital Management LLC lifted its stake in shares of Uber Technologies by 26.2% during the 2nd quarter. One Capital Management LLC now owns 3,489 shares of the ride-sharing company’s stock worth $254,000 after buying an additional 725 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the transaction, the insider now owns 107,289 shares in the company, valued at $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $64.98 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The firm has a market cap of $136.83 billion, a PE ratio of 32.33, a price-to-earnings-growth ratio of 0.75 and a beta of 1.36. The firm’s fifty day moving average is $66.58 and its 200-day moving average is $70.43.

Uber Technologies (NYSE:UBER) last announced its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.41 by $0.79. The firm had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.10 EPS. Sell-side analysts predict that Uber Technologies, Inc. will post 1.89 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on UBER shares. BMO Capital Markets reiterated an “outperform” rating and issued a $92.00 price target on shares of Uber Technologies in a research note on Friday, October 11th. Daiwa Capital Markets downgraded Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price on the stock. in a research report on Thursday, October 17th. KeyCorp dropped their price target on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Bank of America upped their price objective on Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada lifted their target price on Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $91.53.

Uber Technologies Company 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.