Raymond James Financial Services Advisors Inc. Acquires 59,494 Shares of Uber Technologies, Inc. (NYSE:UBER)

Raymond James Financial Services Advisors Inc. increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 13.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 515,916 shares of the ride-sharing company’s stock after purchasing an additional 59,494 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Uber Technologies were worth $31,765,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Uber Technologies by 1.7% in the third quarter. Vanguard Group Inc. now owns 124,353,537 shares of the ride-sharing company’s stock valued at $5,719,019,000 after purchasing an additional 2,067,098 shares during the last quarter. Altimeter Capital Management LP raised its holdings in shares of Uber Technologies by 167.5% in the first quarter. Altimeter Capital Management LP now owns 30,760,000 shares of the ride-sharing company’s stock valued at $1,193,422,000 after purchasing an additional 19,260,000 shares during the last quarter. Norges Bank acquired a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $580,568,000. Capital World Investors raised its holdings in shares of Uber Technologies by 18.5% in the first quarter. Capital World Investors now owns 22,070,619 shares of the ride-sharing company’s stock valued at $787,480,000 after purchasing an additional 3,443,554 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Uber Technologies by 3.1% in the first quarter. Geode Capital Management LLC now owns 20,585,066 shares of the ride-sharing company’s stock valued at $651,575,000 after purchasing an additional 615,942 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on UBER. Roth Mkm boosted their target price on shares of Uber Technologies from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. BTIG Research boosted their target price on shares of Uber Technologies from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. UBS Group lifted their price objective on shares of Uber Technologies from $94.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. The Goldman Sachs Group lifted their price objective on shares of Uber Technologies from $59.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Finally, Nomura cut shares of Uber Technologies from a “buy” rating to a “neutral” rating and boosted their target price for the company from $59.00 to $62.00 in a research report on Friday, December 29th. Two investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $75.41.

Insider Buying and Selling

In related news, insider Tony West sold 18,750 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the transaction, the insider now directly owns 185,566 shares in the company, valued at approximately $13,004,465.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the sale, the insider now directly owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Tony West sold 18,750 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the sale, the insider now directly owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The disclosure for this sale can be found here. 3.84% of the stock is owned by company insiders.

Uber Technologies Price Performance

Uber Technologies stock opened at $78.11 on Thursday. The stock has a market capitalization of $162.20 billion, a price-to-earnings ratio of 90.83, a PEG ratio of 1.26 and a beta of 1.37. Uber Technologies, Inc. has a 52-week low of $29.22 and a 52-week high of $82.14. The stock’s 50 day moving average price is $74.26 and its two-hundred day moving average price is $60.24. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.50. The firm had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.76 billion. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.29 EPS. On average, equities analysts predict that Uber Technologies, Inc. will post 1.19 earnings per share for the current year.

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.