SVB Wealth LLC Makes New $1.31 Million Investment in Uber Technologies, Inc. (NYSE:UBER)

SVB Wealth LLC purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 21,787 shares of the ride-sharing company’s stock, valued at approximately $1,314,000.

Several other hedge funds also recently modified their holdings of UBER. Avion Wealth lifted its holdings in shares of Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after acquiring an additional 218 shares during the period. GHP Investment Advisors Inc. lifted its holdings in shares of Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 223 shares during the period. Kieckhefer Group LLC purchased a new position in shares of Uber Technologies during the 4th quarter worth about $33,000. Retirement Wealth Solutions LLC purchased a new position in shares of Uber Technologies during the 4th quarter worth about $35,000. Finally, Transcendent Capital Group LLC lifted its holdings in shares of Uber Technologies by 3,928.6% during the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock worth $42,000 after acquiring an additional 550 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on UBER shares. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, February 5th. Loop Capital raised their price target on shares of Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. JMP Securities restated a “market perform” rating on shares of Uber Technologies in a report on Thursday, February 6th. Citizens Jmp lowered shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $96.00 price target on shares of Uber Technologies in a report on Thursday, January 2nd. Eight analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $90.94.

Uber Technologies Stock Up 2.5 %

UBER stock opened at $76.07 on Monday. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $158.90 billion, a P/E ratio of 16.68, a PEG ratio of 0.89 and a beta of 1.39. The firm has a 50 day simple moving average of $69.53 and a 200-day simple moving average of $71.53.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data 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%. On average, equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the transaction, the insider now owns 86,973 shares of the company’s stock, valued at $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 3.84% of the stock is currently owned by corporate insiders.

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.