Rollins Financial Advisors LLC Boosts Stake in Uber Technologies, Inc. (NYSE:UBER)

Rollins Financial Advisors LLC grew its stake in Uber Technologies, Inc. (NYSE:UBER) by 29.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,235 shares of the ride-sharing company’s stock after acquiring an additional 1,436 shares during the quarter. Rollins Financial Advisors LLC’s holdings in Uber Technologies were worth $376,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Uber Technologies by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company’s stock valued at $10,903,846,000 after purchasing an additional 2,364,525 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Uber Technologies by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company’s stock valued at $2,621,929,000 after buying an additional 1,061,088 shares in the last quarter. Jennison Associates LLC grew its position in shares of Uber Technologies by 36.9% in the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company’s stock worth $1,596,086,000 after buying an additional 7,137,512 shares during the last quarter. Norges Bank bought a new position in shares of Uber Technologies during the 4th quarter worth approximately $1,467,754,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Uber Technologies by 6.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,273,165 shares of the ride-sharing company’s stock valued at $800,637,000 after acquiring an additional 774,956 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Tony West sold 23,404 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the transaction, the insider now owns 114,241 shares in the company, valued at $8,027,715.07. This trade represents a 17.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the sale, the insider now 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 disclosure for this sale can be found here. In the last quarter, insiders sold 77,154 shares of company stock valued at $5,793,869. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $65.60 on Tuesday. The firm has a market cap of $137.21 billion, a PE ratio of 14.38, a P/E/G ratio of 0.89 and a beta of 1.37. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average price of $73.68 and a 200 day moving average price of $71.67.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Sell-side analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. KGI Securities reaffirmed a “neutral” rating and set a $78.00 price target on shares of Uber Technologies in a research report on Tuesday, March 11th. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. DA Davidson lowered their price target on Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Needham & Company LLC restated a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, February 5th. Finally, UBS Group reiterated a “buy” rating on shares of Uber Technologies in a research note on Friday, February 21st. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $90.41.

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.