Leo Wealth LLC Purchases 16,770 Shares of Uber Technologies, Inc. (NYSE:UBER)

Leo Wealth LLC lifted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 540.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 19,874 shares of the ride-sharing company’s stock after buying an additional 16,770 shares during the period. Leo Wealth LLC’s holdings in Uber Technologies were worth $1,199,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UBER. GHP Investment Advisors Inc. increased 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 worth $29,000 after purchasing an additional 223 shares in the last quarter. Bleakley Financial Group LLC grew its position in shares of Uber Technologies by 13.3% during the 4th quarter. Bleakley Financial Group LLC now owns 34,936 shares of the ride-sharing company’s stock worth $2,107,000 after buying an additional 4,099 shares during the period. Kercheville Advisors LLC increased its stake in shares of Uber Technologies by 11.0% in the 4th quarter. Kercheville Advisors LLC now owns 56,960 shares of the ride-sharing company’s stock valued at $3,436,000 after acquiring an additional 5,635 shares in the last quarter. Insight Advisors LLC PA lifted its position in shares of Uber Technologies by 20.3% during the 4th quarter. Insight Advisors LLC PA now owns 4,552 shares of the ride-sharing company’s stock valued at $277,000 after acquiring an additional 769 shares during the period. Finally, Trilogy Capital Inc. bought a new position in Uber Technologies during the fourth quarter worth $207,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $82.00 price objective on shares of Uber Technologies in a report on Thursday. KeyCorp cut their price target on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. Wolfe Research boosted their price objective on Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Citizens Jmp cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Finally, Evercore ISI decreased their price target on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a research note on Thursday. Seven analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $90.19.

Uber Technologies Stock Up 8.6 %

UBER stock opened at $70.04 on Friday. The stock has a fifty day moving average of $65.31 and a 200-day moving average of $70.07. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The company has a market capitalization of $147.47 billion, a price-to-earnings ratio of 34.84, a PEG ratio of 0.77 and a beta of 1.39. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41.

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

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.80% of the stock is owned by company insiders.

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.