Tyler Stone Wealth Management Raises Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Tyler Stone Wealth Management grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,531 shares of the ride-sharing company’s stock after buying an additional 1,895 shares during the period. Tyler Stone Wealth Management’s holdings in Uber Technologies were worth $2,445,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UBER. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Uber Technologies by 4.4% during the 3rd 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 in the last quarter. Polianta Ltd bought a new stake in Uber Technologies during the fourth quarter valued at about $1,206,000. Allworth Financial LP lifted its position in shares of Uber Technologies by 8.9% in the fourth quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock valued at $1,229,000 after acquiring an additional 1,663 shares in the last quarter. Brophy Wealth Management LLC bought a new position in shares of Uber Technologies in the third quarter worth about $1,041,000. Finally, Lecap Asset Management Ltd. purchased a new stake in shares of Uber Technologies during the fourth quarter worth about $3,188,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Uber Technologies news, 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 transaction of $2,511,620.00. Following the completion of the sale, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tony West sold 23,404 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the transaction, the insider now directly owns 114,241 shares of the company’s stock, valued at $8,027,715.07. The trade was a 17.00 % decrease in their position. 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.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wolfe Research boosted their price target on Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Benchmark reissued a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. Arete Research raised shares of Uber Technologies to a “hold” rating in a research note on Tuesday, February 18th. DA Davidson decreased their price target 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, Truist Financial raised their price objective on Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, March 6th. Ten investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.31.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $75.59 on Wednesday. The firm has a market cap of $157.91 billion, a PE ratio of 16.58, a P/E/G ratio of 0.89 and a beta of 1.39. 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 $73.06 and a 200 day moving average price of $71.67.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating the consensus estimate 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.

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.