Albion Financial Group UT Purchases 88,842 Shares of Uber Technologies, Inc. (NYSE:UBER)

Albion Financial Group UT lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 2,061.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 93,151 shares of the ride-sharing company’s stock after acquiring an additional 88,842 shares during the quarter. Albion Financial Group UT’s holdings in Uber Technologies were worth $5,619,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Ascent Wealth Partners LLC bought a new stake in Uber Technologies during the 3rd quarter worth about $2,087,000. Teachers Retirement System of The State of Kentucky grew its position in shares of Uber Technologies by 4.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock worth $24,180,000 after buying an additional 13,433 shares during the period. Aviso Wealth Management acquired a new position in Uber Technologies in the third quarter valued at approximately $2,302,000. Polianta Ltd acquired a new position in Uber Technologies in the fourth quarter valued at approximately $1,206,000. Finally, Brophy Wealth Management LLC acquired a new stake in Uber Technologies during the 3rd quarter worth $1,041,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Activity

In related news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the sale, the insider now directly owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on UBER. BMO Capital Markets reissued an “outperform” rating and issued a $92.00 price target on shares of Uber Technologies in a research note on Friday, October 11th. UBS Group boosted their target price on Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research report on Friday, November 1st. Wolfe Research boosted their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Finally, Daiwa Capital Markets downgraded shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price for the company. in a research note on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average price target of $91.53.

Uber Technologies Trading Up 0.6 %

Uber Technologies stock opened at $67.75 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. The stock has a 50-day simple moving average of $66.16 and a 200 day simple moving average of $70.33. The stock has a market capitalization of $142.66 billion, a P/E ratio of 33.71, a PEG ratio of 0.72 and a beta of 1.36. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00.

Uber Technologies (NYSE:UBER) last posted its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. During the same period in the previous year, the firm earned $0.10 EPS. The firm’s revenue was up 20.4% compared to the same quarter last year. Analysts expect that Uber Technologies, Inc. will post 1.91 earnings per share for the current year.

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.