Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Summit Financial LLC

Summit Financial LLC boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 10.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,771 shares of the ride-sharing company’s stock after acquiring an additional 2,075 shares during the period. Summit Financial LLC’s holdings in Uber Technologies were worth $1,374,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of UBER. Edgestream Partners L.P. acquired a new stake in shares of Uber Technologies during the third quarter valued at $760,000. Kestra Investment Management LLC acquired a new stake in shares of Uber Technologies during the 3rd quarter worth about $392,000. Benjamin Edwards Inc. grew its holdings in shares of Uber Technologies by 4,968.4% during the third quarter. Benjamin Edwards Inc. now owns 37,506 shares of the ride-sharing company’s stock worth $2,819,000 after buying an additional 36,766 shares in the last quarter. Ascent Group LLC raised its position in shares of Uber Technologies by 5.1% in the third quarter. Ascent Group LLC now owns 21,702 shares of the ride-sharing company’s stock valued at $1,631,000 after buying an additional 1,048 shares during the last quarter. Finally, Hilltop Holdings Inc. lifted its stake in shares of Uber Technologies by 380.2% during the third quarter. Hilltop Holdings Inc. now owns 28,339 shares of the ride-sharing company’s stock valued at $2,130,000 after buying an additional 22,438 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a report on Wednesday, February 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $82.00 target price on shares of Uber Technologies in a research report on Thursday, February 6th. Piper Sandler restated an “overweight” rating and issued a $87.00 price target (up previously from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Wolfe Research increased their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, KGI Securities restated a “neutral” rating and issued a $78.00 target price on shares of Uber Technologies in a report on Tuesday, March 11th. Ten research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $90.31.

Insiders Place Their Bets

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the sale, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. The trade was a 11.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tony West sold 23,404 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the transaction, the insider now owns 114,241 shares in the company, valued at $8,027,715.07. This trade represents a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 77,154 shares of company stock valued at $5,793,869 in the last ninety days. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Trading Up 0.2 %

Shares of UBER opened at $73.03 on Wednesday. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The stock has a 50-day moving average price of $73.66 and a 200 day moving average price of $71.80. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The company has a market capitalization of $152.77 billion, a P/E ratio of 16.02, a P/E/G ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal 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.