Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 6.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,759 shares of the ride-sharing company’s stock after acquiring an additional 622 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in Uber Technologies were worth $662,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. CVA Family Office LLC purchased a new stake in Uber Technologies during the 4th quarter worth $30,000. Highlander Capital Management LLC lifted its stake in shares of Uber Technologies by 100.0% during the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after purchasing an additional 250 shares in the last quarter. Bfsg LLC purchased a new stake in shares of Uber Technologies in the fourth quarter worth about $31,000. Blue Bell Private Wealth Management LLC boosted its position in shares of Uber Technologies by 49.7% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after buying an additional 174 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group grew its stake in shares of Uber Technologies by 82.9% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 578 shares of the ride-sharing company’s stock valued at $36,000 after buying an additional 262 shares in 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 a number of recent research reports. Susquehanna boosted their target price on shares of Uber Technologies from $60.00 to $85.00 and gave the stock a “positive” rating in a research report on Thursday, February 8th. Citigroup upped their price objective on shares of Uber Technologies from $83.00 to $91.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Moffett Nathanson reaffirmed a “buy” rating and set a $92.00 target price on shares of Uber Technologies in a research report on Thursday, April 11th. Gordon Haskett downgraded Uber Technologies from a “buy” rating to a “hold” rating and set a $66.00 price target for the company. in a report on Wednesday, January 24th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $85.00 price target on shares of Uber Technologies in a research report on Thursday, February 15th. Two investment 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.com, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $82.55.

Uber Technologies Stock Performance

NYSE:UBER traded down $4.03 during mid-day trading on Wednesday, hitting $66.40. The stock had a trading volume of 83,858,520 shares, compared to its average volume of 20,549,502. The company’s 50 day simple moving average is $74.80 and its 200 day simple moving average is $65.83. The stock has a market cap of $138.20 billion, a price-to-earnings ratio of 77.21, a PEG ratio of 1.09 and a beta of 1.39. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. Uber Technologies, Inc. has a twelve month low of $37.07 and a twelve month high of $82.14.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.50. The company had revenue of $9.94 billion during the quarter, compared to analysts’ expectations of $9.76 billion. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The business’s revenue was up 15.4% on a year-over-year basis. During the same period last year, the firm posted $0.29 earnings per share. On average, equities research analysts forecast that Uber Technologies, Inc. will post 1.23 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total value of $1,556,600.00. Following the transaction, the insider now directly owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the sale, the insider now owns 107,290 shares in the company, valued at approximately $8,350,380.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tony West sold 18,750 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the transaction, the insider now directly owns 185,566 shares in the company, valued at $13,004,465.28. The disclosure for this sale can be found here. Insiders own 3.80% of the company’s stock.

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.