Schechter Investment Advisors LLC Buys 7,134 Shares of Uber Technologies, Inc. (NYSE:UBER)

Schechter Investment Advisors LLC boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 74.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 16,771 shares of the ride-sharing company’s stock after acquiring an additional 7,134 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Uber Technologies were worth $1,033,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in UBER. OFI Invest Asset Management bought a new stake in shares of Uber Technologies during the 3rd quarter valued at $26,000. Ritter Daniher Financial Advisory LLC DE boosted its holdings in Uber Technologies by 2,545.5% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock worth $27,000 after buying an additional 560 shares during the period. Householder Group Estate & Retirement Specialist LLC purchased a new stake in Uber Technologies in the 3rd quarter worth $28,000. JFS Wealth Advisors LLC raised its holdings in Uber Technologies by 319.4% during the third quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company’s stock valued at $30,000 after acquiring an additional 495 shares during the period. Finally, CVA Family Office LLC purchased a new position in shares of Uber Technologies in the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on UBER. UBS Group increased their target price on Uber Technologies from $94.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. JMP Securities boosted their target price on shares of Uber Technologies from $76.00 to $85.00 and gave the stock a “market outperform” rating in a report on Friday, February 16th. Tigress Financial upped their target price on shares of Uber Technologies from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, November 30th. Argus lifted their price target on shares of Uber Technologies from $69.00 to $95.00 and gave the company a “buy” rating in a report on Monday, March 4th. Finally, Barclays increased their price objective on shares of Uber Technologies from $63.00 to $86.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Two equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and a consensus price target of $75.41.

Uber Technologies Stock Performance

Shares of UBER opened at $78.11 on Thursday. Uber Technologies, Inc. has a 12 month low of $29.22 and a 12 month high of $82.14. The stock has a fifty day moving average price of $74.26 and a 200-day moving average price of $60.24. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79. The firm has a market cap of $162.20 billion, a PE ratio of 90.83, a P/E/G ratio of 1.26 and a beta of 1.37.

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

Insider Buying and Selling

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

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.