GenTrust LLC Takes Position in Uber Technologies, Inc. (NYSE:UBER)

GenTrust LLC purchased a new stake in Uber Technologies, Inc. (NYSE:UBER) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 5,951 shares of the ride-sharing company’s stock, valued at approximately $359,000.

Several other hedge funds have also made changes to their positions in the company. Whipplewood Advisors LLC acquired a new position in shares of Uber Technologies in the 4th quarter worth approximately $54,000. NewEdge Wealth LLC raised its holdings in shares of Uber Technologies by 67.4% in the 4th quarter. NewEdge Wealth LLC now owns 347,240 shares of the ride-sharing company’s stock valued at $20,945,000 after purchasing an additional 139,780 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Uber Technologies by 0.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 180,563 shares of the ride-sharing company’s stock valued at $10,892,000 after purchasing an additional 760 shares in the last quarter. National Pension Service raised its holdings in shares of Uber Technologies by 1.8% in the 4th quarter. National Pension Service now owns 3,855,816 shares of the ride-sharing company’s stock valued at $232,583,000 after purchasing an additional 68,353 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. acquired a new stake in shares of Uber Technologies in the 4th quarter valued at $291,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the transaction, the insider now directly owns 86,973 shares of the company’s stock, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.80% of the stock is owned by insiders.

Uber Technologies Price Performance

Uber Technologies stock opened at $75.85 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The firm has a 50 day moving average price of $68.94 and a 200 day moving average price of $71.47. The company has a market cap of $158.46 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Sell-side analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on UBER. UBS Group reaffirmed a “buy” rating on shares of Uber Technologies in a research report on Friday, February 21st. Tigress Financial raised their price objective on shares of Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Benchmark reissued a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. Wells Fargo & Company reduced their target price on shares of Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Finally, Arete Research upgraded shares of Uber Technologies to a “hold” rating in a research note on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $90.94.

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.