Sendero Wealth Management LLC Buys 12,185 Shares of Uber Technologies, Inc. (NYSE:UBER)

Sendero Wealth Management LLC grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 28.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 55,141 shares of the ride-sharing company’s stock after purchasing an additional 12,185 shares during the period. Sendero Wealth Management LLC’s holdings in Uber Technologies were worth $3,326,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in UBER. Financial Management Professionals Inc. increased its holdings in Uber Technologies by 104.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after buying an additional 252 shares during the period. Kieckhefer Group LLC acquired a new stake in shares of Uber Technologies during the 4th quarter valued at about $33,000. Transcendent Capital Group LLC increased its stake in Uber Technologies by 3,928.6% in the third quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock valued at $42,000 after acquiring an additional 550 shares during the period. Fortitude Family Office LLC raised its position in Uber Technologies by 84.7% in the third quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company’s stock worth $45,000 after purchasing an additional 276 shares in the last quarter. Finally, ORG Partners LLC lifted its stake in Uber Technologies by 142.9% during the third quarter. ORG Partners LLC now owns 651 shares of the ride-sharing company’s stock worth $49,000 after purchasing an additional 383 shares during the period. Institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on UBER shares. The Goldman Sachs Group reissued a “buy” rating and issued a $96.00 target price on shares of Uber Technologies in a report on Thursday, January 2nd. Truist Financial dropped their price objective on Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Benchmark restated a “hold” rating on shares of Uber Technologies in a research note on Friday, November 1st. Cantor Fitzgerald reiterated an “overweight” rating and set a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, December 18th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $92.00 price target on shares of Uber Technologies in a research report on Friday, October 11th. Seven analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $91.53.

Uber Technologies Stock Up 3.4 %

Shares of NYSE:UBER opened at $67.06 on Thursday. The company has a 50 day moving average price of $66.43 and a two-hundred day moving average price of $70.41. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market capitalization of $141.21 billion, a PE ratio of 33.36, a PEG ratio of 0.71 and a beta of 1.36. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.41 by $0.79. The business had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm’s revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 EPS. Analysts forecast that Uber Technologies, Inc. will post 1.9 earnings per share for the current year.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the sale, the insider now directly owns 107,289 shares in the company, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.80% of the stock is currently owned by insiders.

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.