Kercheville Advisors LLC Acquires 5,635 Shares of Uber Technologies, Inc. (NYSE:UBER)

Kercheville Advisors LLC increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 11.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,960 shares of the ride-sharing company’s stock after acquiring an additional 5,635 shares during the quarter. Uber Technologies comprises approximately 1.3% of Kercheville Advisors LLC’s holdings, making the stock its 22nd largest holding. Kercheville Advisors LLC’s holdings in Uber Technologies were worth $3,436,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ascent Wealth Partners LLC acquired a new stake in Uber Technologies during the 3rd quarter valued at $2,087,000. Teachers Retirement System of The State of Kentucky boosted its position in shares of Uber Technologies by 4.4% in 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 purchasing an additional 13,433 shares during the last quarter. Aviso Wealth Management acquired a new stake in shares of Uber Technologies in the 3rd quarter valued at approximately $2,302,000. Polianta Ltd acquired a new position in Uber Technologies during the fourth quarter valued at approximately $1,206,000. Finally, Brophy Wealth Management LLC bought a new position in Uber Technologies during the third quarter worth about $1,041,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 27,780 shares of the 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 owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on UBER shares. KeyCorp decreased their target price on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. DA Davidson upped their price objective on Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Truist Financial dropped their target price on Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a report on Friday, November 1st. JMP Securities reaffirmed a “market perform” rating on shares of Uber Technologies in a research report on Friday, January 31st. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $96.00 price objective on shares of Uber Technologies in a report on Thursday, January 2nd. Seven investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $90.89.

Uber Technologies Price Performance

UBER opened at $64.50 on Thursday. The firm has a 50-day moving average price of $65.46 and a 200-day moving average price of $70.11. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $135.82 billion, a price-to-earnings ratio of 32.09, a PEG ratio of 0.77 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. Equities analysts expect that Uber Technologies, Inc. will post 1.89 EPS for the current year.

Uber Technologies Company 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.