Valmark Advisers Inc. Increases Stake in Uber Technologies, Inc. (NYSE:UBER)

Valmark Advisers Inc. grew its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 26.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,249 shares of the ride-sharing company’s stock after buying an additional 8,600 shares during the quarter. Valmark Advisers Inc.’s holdings in Uber Technologies were worth $2,540,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new stake in Uber Technologies in the 3rd quarter valued at about $26,000. Ritter Daniher Financial Advisory LLC DE lifted 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 valued at $27,000 after purchasing an additional 560 shares in the last quarter. JFS Wealth Advisors LLC lifted its holdings in Uber Technologies by 319.4% in the 3rd quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company’s stock valued at $30,000 after purchasing an additional 495 shares in the last quarter. CVA Family Office LLC purchased a new position in Uber Technologies in the 4th quarter valued at about $30,000. Finally, Highlander Capital Management LLC lifted its holdings in Uber Technologies by 100.0% in the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after purchasing an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

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

Uber Technologies Stock Performance

UBER stock traded down $0.26 during mid-day trading on Friday, reaching $69.05. The company had a trading volume of 16,187,639 shares, compared to its average volume of 17,118,054. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $143.72 billion, a P/E ratio of 80.29, a P/E/G ratio of 1.10 and a beta of 1.36. Uber Technologies, Inc. has a one year low of $29.22 and a one year high of $82.14. The stock’s 50-day simple moving average is $76.30 and its two-hundred day simple moving average is $64.35.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.50. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The business had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.76 billion. During the same period in the previous year, the business earned $0.29 earnings per share. The company’s revenue was up 15.4% on a year-over-year basis. Research analysts anticipate that Uber Technologies, Inc. will post 1.22 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on UBER shares. Susquehanna increased their price objective on shares of Uber Technologies from $60.00 to $85.00 and gave the stock a “positive” rating in a report on Thursday, February 8th. Tigress Financial increased their price objective on shares of Uber Technologies from $72.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Mizuho increased their price objective on shares of Uber Technologies from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Barclays increased their price objective on shares of Uber Technologies from $63.00 to $86.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Finally, Argus raised 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. Two research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.94.

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.