Ritholtz Wealth Management Has $434,000 Holdings in Uber Technologies, Inc. (NYSE:UBER)

Posted by on Mar 29th, 2023

Ritholtz Wealth Management decreased its position in Uber Technologies, Inc. (NYSE:UBER – Get Rating) by 45.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,546 shares of the ride-sharing company’s stock after selling 14,886 shares during the period. Ritholtz Wealth Management’s holdings in Uber Technologies were worth $434,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of UBER. Altimeter Capital Management LP grew its position in Uber Technologies by 167.5% in the 1st quarter. Altimeter Capital Management LP now owns 30,760,000 shares of the ride-sharing company’s stock worth $1,193,422,000 after purchasing an additional 19,260,000 shares in the last quarter. Tiger Global Management LLC grew its position in Uber Technologies by 1,501.7% in the 3rd quarter. Tiger Global Management LLC now owns 9,923,073 shares of the ride-sharing company’s stock worth $262,961,000 after purchasing an additional 9,303,523 shares in the last quarter. Coatue Management LLC grew its position in Uber Technologies by 63.3% in the 3rd quarter. Coatue Management LLC now owns 16,628,166 shares of the ride-sharing company’s stock worth $440,646,000 after purchasing an additional 6,444,266 shares in the last quarter. Vanguard Group Inc. grew its position in Uber Technologies by 5.9% in the 3rd quarter. Vanguard Group Inc. now owns 110,536,758 shares of the ride-sharing company’s stock worth $2,929,224,000 after purchasing an additional 6,148,269 shares in the last quarter. Finally, Artisan Partners Limited Partnership bought a new stake in Uber Technologies in the 3rd quarter worth about $144,924,000. Institutional investors and hedge funds own 71.83% of the company’s stock.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Tony West sold 4,167 shares of Uber Technologies stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $32.00, for a total value of $133,344.00. Following the completion of the transaction, the insider now directly owns 166,499 shares of the company’s stock, valued at $5,327,968. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.92% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on UBER shares. Susquehanna upped their price target on shares of Uber Technologies from $32.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, February 9th. DA Davidson reiterated a “buy” rating and issued a $62.00 target price on shares of Uber Technologies in a research note on Thursday, February 9th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $52.00 target price on shares of Uber Technologies in a research note on Thursday, February 9th. Citigroup increased their target price on shares of Uber Technologies from $48.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, February 9th. Finally, JMP Securities reissued a “market outperform” rating and issued a $55.00 price target on shares of Uber Technologies in a report on Friday, March 10th. Two research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.19.

Uber Technologies Trading Down 1.8 %

Shares of Uber Technologies stock opened at $30.07 on Wednesday. Uber Technologies, Inc. has a 12-month low of $19.90 and a 12-month high of $37.58. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 1.04. The company’s fifty day simple moving average is $32.66 and its two-hundred day simple moving average is $29.48.

Uber Technologies (NYSE:UBER – Get Rating) last announced its quarterly earnings results on Wednesday, February 8th. The ride-sharing company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.50. Uber Technologies had a negative net margin of 28.68% and a negative return on equity of 114.18%. The business had revenue of $8.61 billion for the quarter, compared to analyst estimates of $8.51 billion. During the same quarter last year, the firm earned $0.44 EPS. The company’s revenue was up 49.0% on a year-over-year basis. Sell-side analysts predict that Uber Technologies, Inc. will post -0.26 EPS for the current year.

Uber Technologies Profile

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Uber Technologies, Inc is a technology platform, which engages in the development and operation of technology applications, network, and product to power movement from point A to point B. The firm offers ride services and merchants delivery service providers for meal preparation, grocery and other delivery services.

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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