Kolinsky Wealth Management LLC Buys 1,930 Shares of Uber Technologies, Inc. (NYSE:UBER)

Kolinsky Wealth Management LLC boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 41.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,584 shares of the ride-sharing company’s stock after purchasing an additional 1,930 shares during the period. Kolinsky Wealth Management LLC’s holdings in Uber Technologies were worth $405,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Highlander Capital Management LLC boosted its stake in Uber Technologies by 100.0% during the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after purchasing an additional 250 shares during the last quarter. Treasurer of the State of North Carolina boosted its position in shares of Uber Technologies by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 877,589 shares of the ride-sharing company’s stock valued at $40,360,000 after buying an additional 3,530 shares during the last quarter. Compagnie Lombard Odier SCmA increased its holdings in Uber Technologies by 73.0% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 33,535 shares of the ride-sharing company’s stock worth $2,065,000 after buying an additional 14,153 shares in the last quarter. Financial Enhancement Group LLC purchased a new position in Uber Technologies in the 4th quarter worth about $1,112,000. Finally, Fifth Third Bancorp lifted its stake in Uber Technologies by 54.3% during the 4th quarter. Fifth Third Bancorp now owns 68,894 shares of the ride-sharing company’s stock valued at $4,242,000 after acquiring an additional 24,247 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In related news, insider Tony West sold 89,234 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $68.18, for a total value of $6,083,974.12. Following the sale, the insider now owns 124,945 shares in the company, valued at $8,518,750.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Tony West sold 89,234 shares of Uber Technologies stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $68.18, for a total value of $6,083,974.12. Following the completion of the transaction, the insider now owns 124,945 shares in the company, valued at $8,518,750.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $65.93, for a total value of $32,965,000.00. Following the sale, the chief executive officer now owns 1,656,996 shares in the company, valued at $109,245,746.28. The disclosure for this sale can be found here. Insiders sold 607,984 shares of company stock worth $40,279,537 in the last quarter. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Price Performance

Shares of UBER stock traded up $0.41 during mid-day trading on Friday, hitting $69.31. The company had a trading volume of 13,932,603 shares, compared to its average volume of 16,451,894. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.21. The stock’s 50 day moving average price is $69.07 and its 200-day moving average price is $68.37. Uber Technologies, Inc. has a 52-week low of $39.04 and a 52-week high of $82.14. The company has a market capitalization of $144.82 billion, a P/E ratio of 111.77, a P/E/G ratio of 1.51 and a beta of 1.37.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.53). Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The company had revenue of $10.13 billion for the quarter, compared to the consensus estimate of $10.09 billion. During the same period last year, the company earned ($0.08) EPS. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. Equities research analysts forecast that Uber Technologies, Inc. will post 0.84 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, May 8th. Piper Sandler increased their price target on Uber Technologies from $78.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, March 15th. UBS Group dropped their price target on Uber Technologies from $100.00 to $95.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. TD Cowen reduced their price objective on Uber Technologies from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Finally, Bank of America dropped their target price on Uber Technologies from $91.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Two investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. Based on data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $84.38.

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.