Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Accent Capital Management LLC

Accent Capital Management LLC lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 94.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,185 shares of the ride-sharing company’s stock after buying an additional 6,417 shares during the quarter. Accent Capital Management LLC’s holdings in Uber Technologies were worth $795,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Gardner Russo & Quinn LLC increased its position in Uber Technologies by 9.3% during the fourth quarter. Gardner Russo & Quinn LLC now owns 4,150,867 shares of the ride-sharing company’s stock worth $250,380,000 after buying an additional 353,488 shares during the period. WealthTrak Capital Management LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at $56,000. Allstate Corp purchased a new stake in Uber Technologies in the 4th quarter valued at $3,374,000. Maridea Wealth Management LLC purchased a new stake in Uber Technologies in the 4th quarter valued at $420,000. Finally, Brown Brothers Harriman & Co. grew its position in Uber Technologies by 20.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 4,369 shares of the ride-sharing company’s stock worth $264,000 after purchasing an additional 756 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on UBER shares. Citizens Jmp cut shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Wells Fargo & Company reduced their price objective on Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Citigroup lowered their target price on Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. JMP Securities restated a “market perform” rating on shares of Uber Technologies in a research note on Thursday, February 6th. Finally, Truist Financial lifted their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, March 6th. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.31.

Uber Technologies Trading Down 2.9 %

Uber Technologies stock opened at $72.71 on Friday. The stock has a 50-day moving average price of $73.44 and a 200 day moving average price of $71.73. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The stock has a market cap of $151.89 billion, a PE ratio of 15.94, a P/E/G ratio of 0.89 and a beta of 1.39. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) 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%. Equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In related news, insider Tony West sold 23,404 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the sale, the insider now directly owns 114,241 shares in the company, valued at approximately $8,027,715.07. The trade was a 17.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 31,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 86,973 shares of the company’s stock, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,154 shares of company stock worth $5,793,869. 3.84% of the stock is currently owned by insiders.

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.