Signature Estate & Investment Advisors LLC Raises Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Signature Estate & Investment Advisors LLC lifted its position in Uber Technologies, Inc. (NYSE:UBER) by 18.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 956,139 shares of the ride-sharing company’s stock after purchasing an additional 151,307 shares during the period. Uber Technologies accounts for about 1.4% of Signature Estate & Investment Advisors LLC’s investment portfolio, making the stock its 22nd biggest position. Signature Estate & Investment Advisors LLC’s holdings in Uber Technologies were worth $57,674,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. TIAA Trust National Association boosted its stake in shares of Uber Technologies by 697.3% during the fourth quarter. TIAA Trust National Association now owns 257,365 shares of the ride-sharing company’s stock valued at $15,524,000 after purchasing an additional 225,084 shares in the last quarter. Princeton Capital Management LLC lifted its holdings in Uber Technologies by 22.8% during the fourth quarter. Princeton Capital Management LLC now owns 13,873 shares of the ride-sharing company’s stock worth $837,000 after buying an additional 2,577 shares during the period. EntryPoint Capital LLC purchased a new position in shares of Uber Technologies in the 4th quarter valued at $454,000. Rovida Investment Management Ltd bought a new position in shares of Uber Technologies in the 4th quarter worth $6,636,000. Finally, Dudley Capital Management LLC purchased a new stake in shares of Uber Technologies during the 4th quarter worth $274,000. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

UBER opened at $76.54 on Tuesday. The firm has a fifty day moving average price of $72.85 and a 200 day moving average price of $71.63. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The stock has a market cap of $159.90 billion, a P/E ratio of 16.79, a P/E/G ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share 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%. Equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. DA Davidson cut their target price on Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Citigroup cut their price objective on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Truist Financial increased their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. cut their price target on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $87.00 price target (up from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and an average target price of $90.31.

Insiders Place Their Bets

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the sale, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. The trade was a 11.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 86,973 shares of the company’s stock, valued at $7,046,552.46. The trade was a 26.28 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 77,154 shares of company stock worth $5,793,869. 3.84% of the stock is owned by corporate insiders.

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.