1,470 Shares in Uber Technologies, Inc. (NYSE:UBER) Purchased by R Squared Ltd

R Squared Ltd purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) in the 4th quarter, Holdings Channel.com reports. The firm purchased 1,470 shares of the ride-sharing company’s stock, valued at approximately $89,000.

Several other institutional investors have also added to or reduced their stakes in the company. Williams & Novak LLC purchased a new position in shares of Uber Technologies in the fourth quarter valued at $436,000. BSW Wealth Partners grew its stake in shares of Uber Technologies by 2.1% in the 4th quarter. BSW Wealth Partners now owns 10,132 shares of the ride-sharing company’s stock worth $611,000 after buying an additional 207 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after buying an additional 6,129 shares during the last quarter. Sterling Investment Counsel LLC raised its position in shares of Uber Technologies by 107.1% during the 4th quarter. Sterling Investment Counsel LLC now owns 7,195 shares of the ride-sharing company’s stock valued at $434,000 after buying an additional 3,720 shares in the last quarter. Finally, Griffin Asset Management Inc. lifted its holdings in shares of Uber Technologies by 53.8% in the 4th quarter. Griffin Asset Management Inc. now owns 36,257 shares of the ride-sharing company’s stock valued at $2,187,000 after acquiring an additional 12,687 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on UBER. BMO Capital Markets reissued an “outperform” rating and set a $92.00 price objective on shares of Uber Technologies in a research note on Friday, October 11th. UBS Group increased their price target on Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a report on Friday, October 18th. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research note on Friday, November 1st. Wolfe Research increased their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Finally, Daiwa America downgraded shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Seven investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.08.

Uber Technologies Stock Performance

NYSE UBER opened at $66.59 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The stock’s fifty day moving average is $65.77 and its two-hundred day moving average is $70.17. The firm has a market capitalization of $140.21 billion, a P/E ratio of 33.13, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00.

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 analysts’ consensus estimates of $0.41 by $0.79. The firm had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. Uber Technologies’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 earnings per share. On average, research analysts anticipate that Uber Technologies, Inc. will post 1.86 earnings per share for the current year.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the business’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 value 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. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.84% of the stock is currently owned by 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.