Smartleaf Asset Management LLC Buys 3,348 Shares of Uber Technologies, Inc. (NYSE:UBER)

Smartleaf Asset Management LLC boosted its stake in Uber Technologies, Inc. (NYSE:UBER) by 55.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 9,380 shares of the ride-sharing company’s stock after purchasing an additional 3,348 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Uber Technologies were worth $570,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Avion Wealth boosted its holdings in Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after acquiring an additional 218 shares in the last quarter. GHP Investment Advisors Inc. boosted its holdings 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 valued at $29,000 after acquiring an additional 223 shares in the last quarter. Kieckhefer Group LLC bought a new stake in Uber Technologies in the fourth quarter valued at $33,000. Retirement Wealth Solutions LLC bought a new stake in Uber Technologies in the fourth quarter valued at $35,000. Finally, Transcendent Capital Group LLC boosted its holdings in Uber Technologies by 3,928.6% in the third quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock valued at $42,000 after acquiring an additional 550 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. UBS Group reiterated a “buy” rating on shares of Uber Technologies in a report on Friday, February 21st. Loop Capital raised their price objective on Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. DA Davidson lowered their price objective on Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. The Goldman Sachs Group reissued a “buy” rating and set a $96.00 price objective on shares of Uber Technologies in a research report on Thursday, January 2nd. Finally, Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, February 5th. Eight research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $90.94.

Uber Technologies Trading Down 2.2 %

Uber Technologies stock opened at $74.37 on Tuesday. The business has a 50-day simple moving average of $69.78 and a two-hundred day simple moving average of $71.54. The company has a market cap of $155.36 billion, a P/E ratio of 16.31, a P/E/G ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. 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 released its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the transaction, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.84% of the company’s stock.

About Uber Technologies

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.