TCTC Holdings LLC Acquires 144 Shares of Uber Technologies, Inc. (NYSE:UBER)

TCTC Holdings LLC boosted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 0.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 847,328 shares of the ride-sharing company’s stock after purchasing an additional 144 shares during the period. Uber Technologies makes up 1.8% of TCTC Holdings LLC’s portfolio, making the stock its 12th largest position. TCTC Holdings LLC’s holdings in Uber Technologies were worth $51,111,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Avion Wealth boosted its holdings in shares of Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 218 shares during the period. GHP Investment Advisors Inc. raised its stake in Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 223 shares in the last quarter. Kieckhefer Group LLC bought a new position in Uber Technologies in the fourth quarter worth about $33,000. Retirement Wealth Solutions LLC bought a new position in Uber Technologies in the fourth quarter worth about $35,000. Finally, Fairfield Financial Advisors LTD increased its stake in shares of Uber Technologies by 34.0% during the fourth quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company’s stock valued at $40,000 after purchasing an additional 170 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Fox Advisors downgraded shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 11th. UBS Group reaffirmed a “buy” rating on shares of Uber Technologies in a research note on Friday, February 21st. Tigress Financial raised their target price on shares of Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Citigroup decreased their target price on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Finally, Wolfe Research raised their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and a consensus target price of $90.31.

Insider Activity

In other news, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the sale, the insider now directly owns 86,973 shares in the company, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.84% of the company’s stock.

Uber Technologies Trading Up 3.1 %

Shares of Uber Technologies stock opened at $71.67 on Monday. The company’s fifty day simple moving average is $71.85 and its 200-day simple moving average is $71.55. The stock has a market capitalization of $149.71 billion, a PE ratio of 15.72, a P/E/G ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current 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.