Ashton Thomas Private Wealth LLC Acquires 4,493 Shares of Uber Technologies, Inc. (NYSE:UBER)

Ashton Thomas Private Wealth LLC increased its position in Uber Technologies, Inc. (NYSE:UBER) by 9.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 50,916 shares of the ride-sharing company’s stock after buying an additional 4,493 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Uber Technologies were worth $3,071,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Avion Wealth lifted its stake in Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 218 shares in the last quarter. GHP Investment Advisors Inc. raised its position in shares of Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 223 shares in the last quarter. Kieckhefer Group LLC purchased a new stake in shares of Uber Technologies during the 4th quarter valued at about $33,000. Retirement Wealth Solutions LLC bought a new position in Uber Technologies during the 4th quarter valued at about $35,000. Finally, Transcendent Capital Group LLC grew its holdings in Uber Technologies by 3,928.6% during the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock valued at $42,000 after purchasing an additional 550 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Up 1.9 %

Shares of NYSE UBER opened at $76.38 on Friday. The company’s 50-day simple moving average is $70.92 and its 200-day simple moving average is $71.64. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The firm has a market cap of $159.55 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating 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%. Equities analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction dated 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 $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.84% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on UBER. Citizens Jmp downgraded shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $82.00 price objective on shares of Uber Technologies in a research note on Thursday, February 6th. DA Davidson decreased 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. Piper Sandler reissued an “overweight” rating and set a $87.00 target price (up previously from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Finally, UBS Group reaffirmed a “buy” rating on shares of Uber Technologies in a report on Friday, February 21st. Eight equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.71.

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.