Atlas Wealth LLC Takes $543,000 Position in Uber Technologies, Inc. (NYSE:UBER)

Atlas Wealth LLC purchased a new stake in Uber Technologies, Inc. (NYSE:UBER) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 9,000 shares of the ride-sharing company’s stock, valued at approximately $543,000.

Several other large investors have also modified their holdings of the business. Teachers Retirement System of The State of Kentucky grew its position in Uber Technologies by 4.4% during 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. Polianta Ltd purchased a new stake in Uber Technologies during the 4th quarter worth approximately $1,206,000. Allworth Financial LP grew its position in Uber Technologies by 8.9% during the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock worth $1,229,000 after purchasing an additional 1,663 shares during the last quarter. Brophy Wealth Management LLC purchased a new stake in shares of Uber Technologies in the 3rd quarter valued at $1,041,000. Finally, Lecap Asset Management Ltd. purchased a new stake in shares of Uber Technologies in the 4th quarter valued at $3,188,000. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

Uber Technologies stock opened at $75.94 on Friday. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The firm has a market capitalization of $158.65 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 0.89 and a beta of 1.39. The company has a fifty day simple moving average of $72.64 and a 200-day simple moving average of $71.59. 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 released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. On average, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In related news, SVP Nikki Krishnamurthy sold 20,000 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the sale, the senior vice president now owns 361,908 shares of the company’s stock, valued at approximately $25,901,755.56. This represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Tony West sold 23,404 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the sale, the insider now directly owns 114,241 shares of the company’s stock, valued at $8,027,715.07. This represents a 17.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 74,404 shares of company stock valued at $5,587,619. 3.84% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on UBER shares. DA Davidson dropped their price objective on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Evercore ISI dropped their price objective on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $96.00 price objective on shares of Uber Technologies in a report on Thursday, January 2nd. Truist Financial upped their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, March 6th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Uber Technologies in a report on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $90.31.

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.