Blume Capital Management Inc. Grows Holdings in Uber Technologies, Inc. (NYSE:UBER)

Blume Capital Management Inc. increased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 163,813 shares of the ride-sharing company’s stock after buying an additional 385 shares during the period. Uber Technologies comprises approximately 2.2% of Blume Capital Management Inc.’s holdings, making the stock its 15th biggest holding. Blume Capital Management Inc.’s holdings in Uber Technologies were worth $9,881,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UBER. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Uber Technologies by 4.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock valued at $24,180,000 after buying an additional 13,433 shares during the period. Aviso Wealth Management acquired a new position in shares of Uber Technologies in the 3rd quarter valued at about $2,302,000. Polianta Ltd acquired a new position in shares of Uber Technologies in the 4th quarter valued at about $1,206,000. Allworth Financial LP boosted its holdings in shares of Uber Technologies by 8.9% in the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock valued at $1,229,000 after buying an additional 1,663 shares during the period. Finally, Brophy Wealth Management LLC acquired a new position in shares of Uber Technologies in the 3rd quarter valued at about $1,041,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on UBER. KGI Securities reaffirmed a “neutral” rating and issued a $78.00 price target on shares of Uber Technologies in a report on Tuesday. Truist Financial boosted their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, March 6th. Royal Bank of Canada reissued an “outperform” rating and set a $82.00 target price on shares of Uber Technologies in a research note on Thursday, February 6th. Wells Fargo & Company reduced their target price on shares of Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Finally, Needham & Company LLC reissued a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, February 5th. 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $90.31.

Uber Technologies Stock Down 2.6 %

UBER stock opened at $69.37 on Friday. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The firm has a market capitalization of $144.91 billion, a P/E ratio of 15.21, a P/E/G ratio of 0.89 and a beta of 1.39. The company’s 50 day simple moving average is $71.71 and its 200-day simple moving average is $71.57.

Uber Technologies (NYSE:UBER) last posted its quarterly 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 net margin of 22.41% and a return on equity of 62.60%. As a group, equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the sale, the insider now directly owns 86,973 shares in the company, valued at $7,046,552.46. The trade was a 26.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.84% of the company’s stock.

About Uber Technologies

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.