Baltimore Washington Financial Advisors Inc. Boosts Holdings in Uber Technologies, Inc. (NYSE:UBER)

Baltimore Washington Financial Advisors Inc. grew its stake in Uber Technologies, Inc. (NYSE:UBER) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 341,576 shares of the ride-sharing company’s stock after buying an additional 12,003 shares during the quarter. Baltimore Washington Financial Advisors Inc.’s holdings in Uber Technologies were worth $20,604,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Fourpath Capital Management LLC boosted its holdings in Uber Technologies by 64.5% during the fourth quarter. Fourpath Capital Management LLC now owns 26,701 shares of the ride-sharing company’s stock worth $1,611,000 after buying an additional 10,466 shares in the last quarter. Optas LLC boosted its stake in shares of Uber Technologies by 74.1% during the 4th quarter. Optas LLC now owns 8,228 shares of the ride-sharing company’s stock worth $496,000 after acquiring an additional 3,503 shares in the last quarter. Jennison Associates LLC grew its position in shares of Uber Technologies by 36.9% during the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company’s stock valued at $1,596,086,000 after acquiring an additional 7,137,512 shares during the period. One Wealth Advisors LLC purchased a new position in shares of Uber Technologies in the 4th quarter valued at about $200,000. Finally, Lazari Capital Management Inc. raised its holdings in Uber Technologies by 1.1% in the 4th quarter. Lazari Capital Management Inc. now owns 199,482 shares of the ride-sharing company’s stock worth $12,033,000 after purchasing an additional 2,121 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on UBER. Royal Bank of Canada boosted their price objective on Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Piper Sandler cut their price target on shares of Uber Technologies from $98.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. Jefferies Financial Group increased their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Wolfe Research boosted their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Finally, DA Davidson raised their price target on shares of Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $90.89.

Uber Technologies Stock Up 0.7 %

NYSE:UBER opened at $67.33 on Tuesday. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The stock’s fifty day moving average is $65.61 and its two-hundred day moving average is $70.09. The stock has a market capitalization of $141.78 billion, a price-to-earnings ratio of 33.50, a price-to-earnings-growth ratio of 0.77 and a beta of 1.39.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $7,821,368.10. This represents a 20.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.80% of the stock is owned by corporate 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.