ZWJ Investment Counsel Inc. Grows Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

ZWJ Investment Counsel Inc. lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 213.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 279,177 shares of the ride-sharing company’s stock after purchasing an additional 190,003 shares during the period. ZWJ Investment Counsel Inc.’s holdings in Uber Technologies were worth $16,840,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of UBER. Benjamin F. Edwards & Company Inc. increased its stake in shares of Uber Technologies by 6.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 28,236 shares of the ride-sharing company’s stock valued at $2,052,000 after buying an additional 1,717 shares during the period. ProShare Advisors LLC increased its position in Uber Technologies by 124.1% during the 2nd quarter. ProShare Advisors LLC now owns 642,104 shares of the ride-sharing company’s stock valued at $46,668,000 after purchasing an additional 355,520 shares during the period. Frank Rimerman Advisors LLC raised its holdings in Uber Technologies by 7,763.3% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 20,366 shares of the ride-sharing company’s stock worth $1,480,000 after purchasing an additional 20,107 shares in the last quarter. Fidelis Capital Partners LLC lifted its position in shares of Uber Technologies by 20.3% in the 2nd quarter. Fidelis Capital Partners LLC now owns 5,063 shares of the ride-sharing company’s stock worth $368,000 after purchasing an additional 853 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Uber Technologies by 52.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 11,189 shares of the ride-sharing company’s stock worth $813,000 after purchasing an additional 3,835 shares during the period. 80.24% of the stock is owned by institutional investors.

Uber Technologies Stock Performance

Shares of UBER opened at $67.30 on Tuesday. The firm has a market capitalization of $141.71 billion, a P/E ratio of 33.48, a PEG ratio of 0.72 and a beta of 1.36. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The business has a fifty day moving average of $66.16 and a 200 day moving average of $70.33.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same period in the previous year, the company posted $0.10 EPS. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Uber Technologies, Inc. will post 1.91 EPS for the current year.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the transaction, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have commented on UBER. Tigress Financial raised their price objective on shares of Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Bank of America raised their target price on Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Jefferies Financial Group upped their price target on Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. DA Davidson raised their price objective on Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada upped their target price on shares of Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.53.

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.