Kathmere Capital Management LLC Invests $218,000 in Uber Technologies, Inc. (NYSE:UBER)

Kathmere Capital Management LLC acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 3,609 shares of the ride-sharing company’s stock, valued at approximately $218,000.

A number of other large investors have also made changes to their positions in UBER. Geode Capital Management LLC boosted its stake in shares of Uber Technologies by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 42,500,359 shares of the ride-sharing company’s stock worth $3,184,013,000 after purchasing an additional 893,652 shares during the last quarter. Edgewood Management LLC lifted its stake in shares of Uber Technologies by 10.5% during the third quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock valued at $2,070,813,000 after buying an additional 2,627,768 shares during the period. Legal & General Group Plc boosted its position in Uber Technologies by 1.6% during the second quarter. Legal & General Group Plc now owns 15,238,477 shares of the ride-sharing company’s stock worth $1,107,529,000 after acquiring an additional 237,976 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Uber Technologies by 18.3% during the third quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company’s stock worth $998,767,000 after purchasing an additional 2,056,273 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Uber Technologies by 14.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 12,498,209 shares of the ride-sharing company’s stock valued at $939,365,000 after purchasing an additional 1,601,747 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. DA Davidson raised their price target on Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Daiwa America cut shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Truist Financial dropped their price target on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Citizens Jmp downgraded shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Finally, KeyCorp lowered their price objective on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. Seven analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.53.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction 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 approximately $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.80% of the stock is currently owned by company insiders.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $68.58 on Friday. The firm has a market cap of $144.41 billion, a PE ratio of 34.12, a price-to-earnings-growth ratio of 0.71 and a beta of 1.36. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The firm’s 50-day simple moving average is $66.34 and its 200-day simple moving average is $70.39. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. During the same quarter in the prior year, the firm posted $0.10 earnings per share. Uber Technologies’s revenue for the quarter was up 20.4% compared to the same quarter last year. Equities analysts forecast that Uber Technologies, Inc. will post 1.9 earnings per share 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.