Bray Capital Advisors Purchases 308 Shares of Uber Technologies, Inc. (NYSE:UBER)

Bray Capital Advisors boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 1.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,879 shares of the ride-sharing company’s stock after purchasing an additional 308 shares during the period. Bray Capital Advisors’ holdings in Uber Technologies were worth $1,923,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in UBER. AMF Tjanstepension AB bought a new position in Uber Technologies during the 3rd quarter valued at about $163,468,000. Whittier Trust Co. of Nevada Inc. grew its stake in Uber Technologies by 25.1% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,161 shares of the ride-sharing company’s stock worth $238,000 after acquiring an additional 635 shares in the last quarter. Foundations Investment Advisors LLC grew its stake in Uber Technologies by 34.0% in the 3rd quarter. Foundations Investment Advisors LLC now owns 8,392 shares of the ride-sharing company’s stock worth $631,000 after acquiring an additional 2,130 shares in the last quarter. BLB&B Advisors LLC bought a new position in Uber Technologies in the 3rd quarter worth about $206,000. Finally, Greenleaf Trust grew its stake in Uber Technologies by 9.5% in the 3rd quarter. Greenleaf Trust now owns 19,079 shares of the ride-sharing company’s stock worth $1,434,000 after acquiring an additional 1,659 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on UBER. KeyCorp dropped their target price on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Wolfe Research upped their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Piper Sandler restated an “overweight” rating and issued a $87.00 target price (up from $80.00) on shares of Uber Technologies in a research note on Tuesday. DA Davidson dropped their target price on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $90.91.

Uber Technologies Trading Up 0.3 %

NYSE UBER opened at $81.37 on Friday. The company has a fifty day simple moving average of $67.67 and a two-hundred day simple moving average of $71.11. The stock has a market cap of $169.97 billion, a P/E ratio of 17.84, a P/E/G ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last posted its quarterly 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, analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the sale, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.84% of the company’s stock.

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.