Sendero Wealth Management LLC Purchases 1,133 Shares of Uber Technologies, Inc. (NYSE:UBER)

Sendero Wealth Management LLC increased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 2.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,956 shares of the ride-sharing company’s stock after acquiring an additional 1,133 shares during the period. Sendero Wealth Management LLC’s holdings in Uber Technologies were worth $3,229,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Regal Investment Advisors LLC raised its stake in shares of Uber Technologies by 13.6% during the 4th quarter. Regal Investment Advisors LLC now owns 8,037 shares of the ride-sharing company’s stock worth $495,000 after purchasing an additional 965 shares during the period. MGO One Seven LLC boosted its stake in Uber Technologies by 0.6% in the fourth quarter. MGO One Seven LLC now owns 32,918 shares of the ride-sharing company’s stock valued at $2,027,000 after acquiring an additional 203 shares during the last quarter. Ethic Inc. increased its stake in shares of Uber Technologies by 8.8% during the 4th quarter. Ethic Inc. now owns 123,747 shares of the ride-sharing company’s stock worth $7,619,000 after purchasing an additional 10,044 shares during the last quarter. Point72 Italy S.r.l. bought a new stake in shares of Uber Technologies in the 4th quarter worth approximately $7,789,000. Finally, Pitcairn Co. lifted its stake in Uber Technologies by 20.5% in the fourth quarter. Pitcairn Co. now owns 109,953 shares of the ride-sharing company’s stock valued at $6,770,000 after purchasing an additional 18,722 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on UBER shares. Morgan Stanley boosted their target price on Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd. Melius Research initiated coverage on shares of Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $77.00 target price for the company. Roth Mkm boosted their price target on shares of Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Bank of America reaffirmed a “buy” rating and issued a $88.00 price objective on shares of Uber Technologies in a report on Friday, August 23rd. Finally, Evercore ISI boosted their target price on shares of Uber Technologies from $80.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $88.11.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the completion of the transaction, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,266,114 shares in the company, valued at $91,046,257.74. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the transaction, the insider now owns 127,352 shares in the company, valued at approximately $9,169,344. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

Uber Technologies Trading Up 0.0 %

UBER traded up $0.01 during midday trading on Thursday, reaching $77.88. 8,410,852 shares of the company’s stock traded hands, compared to its average volume of 17,843,141. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21. Uber Technologies, Inc. has a 52 week low of $40.09 and a 52 week high of $82.14. The stock has a market capitalization of $163.62 billion, a price-to-earnings ratio of 125.08, a P/E/G ratio of 1.34 and a beta of 1.33. The firm has a fifty day moving average of $71.50 and a two-hundred day moving average of $70.41.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. The business had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 EPS. On average, equities analysts anticipate that Uber Technologies, Inc. will post 1.04 earnings per share for the current fiscal year.

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.