Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Zullo Investment Group Inc.

Zullo Investment Group Inc. increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 7.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,291 shares of the ride-sharing company’s stock after buying an additional 1,115 shares during the period. Zullo Investment Group Inc.’s holdings in Uber Technologies were worth $983,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meitav Investment House Ltd. increased its stake in shares of Uber Technologies by 146.2% during the fourth quarter. Meitav Investment House Ltd. now owns 439,150 shares of the ride-sharing company’s stock worth $26,471,000 after buying an additional 260,750 shares during the period. Handelsbanken Fonder AB grew its holdings in Uber Technologies by 46.9% during the 4th quarter. Handelsbanken Fonder AB now owns 1,391,579 shares of the ride-sharing company’s stock worth $83,940,000 after acquiring an additional 444,226 shares in the last quarter. Cumberland Partners Ltd purchased a new stake in shares of Uber Technologies in the 4th quarter valued at approximately $3,016,000. Ieq Capital LLC raised its holdings in shares of Uber Technologies by 16.9% in the 4th quarter. Ieq Capital LLC now owns 309,016 shares of the ride-sharing company’s stock valued at $18,640,000 after purchasing an additional 44,690 shares in the last quarter. Finally, TBH Global Asset Management LLC lifted its position in shares of Uber Technologies by 3.5% during the 4th quarter. TBH Global Asset Management LLC now owns 5,759 shares of the ride-sharing company’s stock worth $347,000 after purchasing an additional 195 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Down 0.4 %

UBER opened at $81.17 on Thursday. The business has a 50 day simple moving average of $67.27 and a 200-day simple moving average of $71.04. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The stock has a market capitalization of $169.57 billion, a P/E ratio of 17.80, a P/E/G ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. On average, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the transaction, the insider now owns 86,973 shares in the company, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on UBER shares. Gordon Haskett raised Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Thursday, October 31st. Evercore ISI dropped their price objective on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Piper Sandler restated an “overweight” rating and set a $87.00 target price (up previously from $80.00) on shares of Uber Technologies in a research note on Tuesday. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $96.00 price target on shares of Uber Technologies in a report on Thursday, January 2nd. Finally, Tigress Financial raised their price objective on shares of Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Seven analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $90.91.

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.