Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Cidel Asset Management Inc.

Cidel Asset Management Inc. raised its stake in Uber Technologies, Inc. (NYSE:UBER) by 30.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 224,039 shares of the ride-sharing company’s stock after acquiring an additional 52,597 shares during the quarter. Cidel Asset Management Inc.’s holdings in Uber Technologies were worth $13,514,000 at the end of the most recent reporting period.

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

Uber Technologies Stock Up 6.8 %

Shares of NYSE UBER opened at $74.76 on Friday. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The business’s 50 day moving average is $65.28 and its two-hundred day moving average is $70.07. The firm has a market cap of $157.43 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 0.81 and a beta of 1.39. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Research analysts predict that Uber Technologies, Inc. will post 2.4 EPS for the current year.

Insider Transactions at Uber Technologies

In other 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 value of $2,025,162.00. Following the sale, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.84% of the company’s stock.

Analyst Ratings Changes

UBER has been the subject of a number of research analyst reports. Citigroup reduced their price objective on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a research report on Thursday. Benchmark restated a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. Truist Financial lowered their price objective on Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, November 1st. JPMorgan Chase & Co. reduced their target price on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Loop Capital lifted their price target on Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and an average price target of $90.19.

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.