Center For Asset Management LLC Acquires 383 Shares of Uber Technologies, Inc. (NYSE:UBER)

Center For Asset Management LLC grew its stake in Uber Technologies, Inc. (NYSE:UBER) by 11.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,662 shares of the ride-sharing company’s stock after buying an additional 383 shares during the period. Center For Asset Management LLC’s holdings in Uber Technologies were worth $221,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Ascent Wealth Partners LLC acquired a new position in shares of Uber Technologies in the 3rd quarter valued at about $2,087,000. Teachers Retirement System of The State of Kentucky lifted its stake in Uber Technologies by 4.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock valued at $24,180,000 after buying an additional 13,433 shares during the period. Aviso Wealth Management bought a new position in shares of Uber Technologies during the 3rd quarter worth approximately $2,302,000. Polianta Ltd acquired a new stake in shares of Uber Technologies during the 4th quarter worth approximately $1,206,000. Finally, Brophy Wealth Management LLC bought a new stake in shares of Uber Technologies in the 3rd quarter valued at $1,041,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on UBER shares. Citizens Jmp cut shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $92.00 target price on shares of Uber Technologies in a research report on Friday, October 11th. The Goldman Sachs Group reiterated a “buy” rating and issued a $96.00 price target on shares of Uber Technologies in a report on Thursday, January 2nd. DA Davidson upped their target price on Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada raised their price objective on shares of Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.53.

Uber Technologies Stock Up 0.4 %

Shares of Uber Technologies stock opened at $68.59 on Monday. The company’s 50 day moving average price is $65.86 and its 200-day moving average price is $70.26. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The stock has a market capitalization of $144.42 billion, a price-to-earnings ratio of 34.12, a P/E/G ratio of 0.77 and a beta of 1.36. 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 posted its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. During the same period last year, the company posted $0.10 EPS. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. Equities research analysts forecast that Uber Technologies, Inc. will post 1.86 EPS for the current year.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction dated 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 owns 107,289 shares of the company’s stock, valued at $7,821,368.10. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.84% of the stock is owned by corporate insiders.

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.