Bank of Jackson Hole Trust Acquires New Holdings in Uber Technologies, Inc. (NYSE:UBER)

Bank of Jackson Hole Trust acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the fourth quarter, HoldingsChannel reports. The fund acquired 7,509 shares of the ride-sharing company’s stock, valued at approximately $453,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UBER. Avion Wealth lifted its position in Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after purchasing an additional 218 shares during the period. GHP Investment Advisors Inc. raised its position in Uber Technologies by 85.1% in the fourth 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 bought a new position in Uber Technologies in the fourth quarter worth approximately $33,000. Retirement Wealth Solutions LLC bought a new position in Uber Technologies in the fourth quarter worth approximately $35,000. Finally, Financial Management Professionals Inc. raised its position in Uber Technologies by 104.1% in the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock worth $37,000 after acquiring an additional 252 shares during the period. Institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the transaction, the insider now directly owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.80% of the stock is owned by corporate insiders.

Uber Technologies Stock Performance

Shares of NYSE:UBER opened at $81.44 on Wednesday. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The stock has a market capitalization of $171.49 billion, a P/E ratio of 17.86, a PEG ratio of 0.87 and a beta of 1.39. The firm has a fifty day simple moving average of $66.54 and a two-hundred day simple moving average of $70.81. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last issued 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, analysts expect that Uber Technologies, Inc. will post 2.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

UBER has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price target on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Piper Sandler reiterated an “overweight” rating and issued a $87.00 price target (up from $80.00) on shares of Uber Technologies in a research report on Tuesday. JMP Securities reiterated a “market perform” rating on shares of Uber Technologies in a research report on Thursday, February 6th. Truist Financial decreased their price target on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Finally, Tigress Financial raised their price objective on shares of Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Seven research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $90.91.

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.