Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Griffin Asset Management Inc.

Griffin Asset Management Inc. lifted its position in Uber Technologies, Inc. (NYSE:UBER) by 53.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,257 shares of the ride-sharing company’s stock after acquiring an additional 12,687 shares during the quarter. Griffin Asset Management Inc.’s holdings in Uber Technologies were worth $2,187,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Ascent Wealth Partners LLC bought a new stake in shares of Uber Technologies in the third quarter valued at about $2,087,000. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Uber Technologies by 4.4% during the third 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 acquiring an additional 13,433 shares during the period. Aviso Wealth Management bought a new position in shares of Uber Technologies in the 3rd quarter valued at about $2,302,000. Polianta Ltd acquired a new stake in Uber Technologies during the 4th quarter worth $1,206,000. Finally, Brophy Wealth Management LLC bought a new stake in Uber Technologies in the third quarter valued at about $1,041,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the sale, the insider now owns 107,289 shares of the company’s stock, valued at $7,821,368.10. The trade was a 20.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.84% of the company’s stock.

Uber Technologies Stock Up 0.3 %

Shares of NYSE:UBER opened at $68.74 on Tuesday. The firm has a market cap of $144.74 billion, a PE ratio of 34.20, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. The company has a fifty day simple moving average of $65.86 and a 200 day simple moving average of $70.26. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00.

Uber Technologies (NYSE:UBER) last announced its earnings results 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 revenue was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.10 EPS. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 1.86 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Jefferies Financial Group increased their price target on Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Benchmark reissued a “hold” rating on shares of Uber Technologies in a research report on Friday, November 1st. The Goldman Sachs Group reiterated a “buy” rating and set a $96.00 target price on shares of Uber Technologies in a research note on Thursday, January 2nd. Royal Bank of Canada increased their price objective on Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Wolfe Research lifted their price objective on Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Seven investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $91.53.

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.