Verdence Capital Advisors LLC Acquires Shares of 4,554 Uber Technologies, Inc. (NYSE:UBER)

Verdence Capital Advisors LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBER) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 4,554 shares of the ride-sharing company’s stock, valued at approximately $280,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UBER. OFI Invest Asset Management acquired a new position in shares of Uber Technologies during the 3rd quarter worth $26,000. Ritter Daniher Financial Advisory LLC DE raised its holdings in shares of Uber Technologies by 2,545.5% during 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 in the last quarter. JFS Wealth Advisors LLC raised its holdings in shares of Uber Technologies by 319.4% during the 3rd quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company’s stock worth $30,000 after buying an additional 495 shares in the last quarter. CVA Family Office LLC acquired a new position in shares of Uber Technologies during the 4th quarter worth $30,000. Finally, Highlander Capital Management LLC raised its holdings in shares of Uber Technologies by 100.0% during the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after buying an additional 250 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Nomura cut Uber Technologies from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $59.00 to $62.00 in a report on Friday, December 29th. Royal Bank of Canada restated an “outperform” rating and set a $85.00 price objective on shares of Uber Technologies in a research report on Thursday, February 15th. BMO Capital Markets boosted their price objective on Uber Technologies from $82.00 to $92.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Wells Fargo & Company boosted their price objective on Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Finally, Jefferies Financial Group boosted their price objective on Uber Technologies from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $78.94.

Insider Buying and Selling

In related 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 transaction, the insider now directly owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Tony West sold 18,750 shares of the 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 completion of the sale, the insider now directly owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 20,000 shares of the 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 directly owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The disclosure for this sale can be found here. 3.80% of the stock is owned by company insiders.

Uber Technologies Stock Up 2.6 %

Shares of Uber Technologies stock opened at $70.80 on Wednesday. Uber Technologies, Inc. has a one year low of $29.22 and a one year high of $82.14. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19. The stock’s 50-day moving average is $76.92 and its 200 day moving average is $64.12. The firm has a market cap of $147.36 billion, a price-to-earnings ratio of 82.33, a PEG ratio of 1.09 and a beta of 1.36.

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

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.