Kingsview Wealth Management LLC Buys 7,894 Shares of Uber Technologies, Inc. (NYSE:UBER)

Kingsview Wealth Management LLC boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 48.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,275 shares of the ride-sharing company’s stock after purchasing an additional 7,894 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Uber Technologies were worth $1,464,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Westbourne Investment Advisors Inc. boosted its position in Uber Technologies by 2.1% during the fourth quarter. Westbourne Investment Advisors Inc. now owns 191,078 shares of the ride-sharing company’s stock worth $11,526,000 after purchasing an additional 3,895 shares during the period. Vest Financial LLC boosted its position in shares of Uber Technologies by 30.0% in the fourth quarter. Vest Financial LLC now owns 13,997 shares of the ride-sharing company’s stock valued at $844,000 after acquiring an additional 3,226 shares during the period. Cidel Asset Management Inc. boosted its position in shares of Uber Technologies by 30.7% in the fourth quarter. Cidel Asset Management Inc. now owns 224,039 shares of the ride-sharing company’s stock valued at $13,514,000 after acquiring an additional 52,597 shares during the period. Joel Isaacson & Co. LLC boosted its position in shares of Uber Technologies by 16.6% in the fourth quarter. Joel Isaacson & Co. LLC now owns 3,936 shares of the ride-sharing company’s stock valued at $237,000 after acquiring an additional 560 shares during the period. Finally, EULAV Asset Management boosted its position in shares of Uber Technologies by 8.2% in the fourth quarter. EULAV Asset Management now owns 460,000 shares of the ride-sharing company’s stock valued at $27,747,000 after acquiring an additional 35,000 shares during the period. 80.24% of the stock is owned by institutional investors.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the sale, the insider now directly owns 107,289 shares in the company, valued at $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.84% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on UBER. DA Davidson reduced their target price on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, February 5th. JMP Securities reissued a “market perform” rating on shares of Uber Technologies in a research report on Thursday, February 6th. Wolfe Research boosted their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, Daiwa America downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $90.70.

Uber Technologies Stock Performance

NYSE:UBER opened at $76.90 on Wednesday. The stock has a market cap of $161.93 billion, a P/E ratio of 16.86, a price-to-earnings-growth ratio of 0.81 and a beta of 1.39. 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 stock’s 50-day moving average is $65.45 and its 200-day moving average is $70.26. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Equities research analysts anticipate that Uber Technologies, Inc. will post 2.4 earnings per share for the current year.

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.