Valmark Advisers Inc. Has $2.54 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Valmark Advisers Inc. boosted its position in Uber Technologies, Inc. (NYSE:UBER) by 26.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,249 shares of the ride-sharing company’s stock after purchasing an additional 8,600 shares during the period. Valmark Advisers Inc.’s holdings in Uber Technologies were worth $2,540,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of UBER. Drive Wealth Management LLC grew its position in shares of Uber Technologies by 3.6% in the 4th quarter. Drive Wealth Management LLC now owns 4,691 shares of the ride-sharing company’s stock valued at $289,000 after buying an additional 163 shares during the last quarter. Blue Bell Private Wealth Management LLC grew its position in shares of Uber Technologies by 49.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock valued at $32,000 after buying an additional 174 shares during the last quarter. Cigna Investments Inc. New grew its position in shares of Uber Technologies by 0.9% in the 4th quarter. Cigna Investments Inc. New now owns 20,743 shares of the ride-sharing company’s stock valued at $1,277,000 after buying an additional 178 shares during the last quarter. Procyon Advisors LLC grew its position in shares of Uber Technologies by 3.6% in the 4th quarter. Procyon Advisors LLC now owns 5,258 shares of the ride-sharing company’s stock valued at $324,000 after buying an additional 182 shares during the last quarter. Finally, Harbour Capital Advisors LLC grew its position in shares of Uber Technologies by 2.1% in the 4th quarter. Harbour Capital Advisors LLC now owns 9,920 shares of the ride-sharing company’s stock valued at $578,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

UBER has been the topic of several research analyst reports. BTIG Research upped their target price on Uber Technologies from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Argus upped their target price on Uber Technologies from $69.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Tigress Financial upped their target price on Uber Technologies from $72.00 to $96.00 and gave the company a “buy” rating in a research report on Friday, April 19th. The Goldman Sachs Group upped their target price on Uber Technologies from $59.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Finally, Gordon Haskett lowered Uber Technologies from a “buy” rating to a “hold” rating and set a $66.00 target price on the stock. in a research report on Wednesday, January 24th. Two analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.94.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the transaction, the insider now directly owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the transaction, the insider now directly owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tony West sold 18,750 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the transaction, the insider now directly owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The disclosure for this sale can be found here. Company insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

NYSE:UBER traded down $0.26 during trading hours on Friday, reaching $69.05. The stock had a trading volume of 16,187,639 shares, compared to its average volume of 17,118,054. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a 50 day simple moving average of $76.30 and a 200 day simple moving average of $64.35. Uber Technologies, Inc. has a 12-month low of $29.22 and a 12-month high of $82.14. The stock has a market cap of $143.72 billion, a P/E ratio of 80.29, a price-to-earnings-growth ratio of 1.10 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.50. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The business had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.76 billion. During the same period last year, the business posted $0.29 earnings per share. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. On average, research analysts forecast that Uber Technologies, Inc. will post 1.22 EPS for the current fiscal year.

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.