KG&L Capital Management LLC Buys 10,168 Shares of Uber Technologies, Inc. (NYSE:UBER)

KG&L Capital Management LLC lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 106.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 19,702 shares of the ride-sharing company’s stock after acquiring an additional 10,168 shares during the quarter. KG&L Capital Management LLC’s holdings in Uber Technologies were worth $1,188,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in UBER. Kieckhefer Group LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at about $33,000. Retirement Wealth Solutions LLC bought a new stake in Uber Technologies in the fourth quarter worth approximately $35,000. Financial Management Professionals Inc. lifted its stake in Uber Technologies by 104.1% in the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after buying an additional 252 shares during the period. Transcendent Capital Group LLC boosted its holdings in shares of Uber Technologies by 3,928.6% during the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock worth $42,000 after buying an additional 550 shares in the last quarter. Finally, Crews Bank & Trust bought a new stake in shares of Uber Technologies in the 4th quarter valued at $42,000. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Stock Performance

NYSE:UBER opened at $66.86 on Friday. The company has a market capitalization of $140.79 billion, a P/E ratio of 33.26, a P/E/G ratio of 0.77 and a beta of 1.36. The business has a fifty day simple moving average of $65.71 and a two-hundred day simple moving average of $70.14. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year 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 for the quarter, topping 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 company had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. During the same quarter last year, the firm posted $0.10 EPS. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, analysts expect that Uber Technologies, Inc. will post 1.85 earnings per share for the current year.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the sale, the insider now owns 107,289 shares in the company, valued at $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on UBER. Wolfe Research increased 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. Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a research report on Monday, January 27th. Wells Fargo & Company decreased their target price on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Gordon Haskett raised Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $96.00 price objective on shares of Uber Technologies in a research note on Thursday, January 2nd. Seven equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.08.

Uber Technologies Company 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.