IPG Investment Advisors LLC Has $2.84 Million Stake in Uber Technologies, Inc. (NYSE:UBER)

IPG Investment Advisors LLC lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 20.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 47,087 shares of the ride-sharing company’s stock after acquiring an additional 8,013 shares during the period. IPG Investment Advisors LLC’s holdings in Uber Technologies were worth $2,840,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Teachers Retirement System of The State of Kentucky grew its stake 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 worth $24,180,000 after acquiring an additional 13,433 shares in the last quarter. Polianta Ltd purchased a new stake in Uber Technologies in the 4th quarter valued at about $1,206,000. Allworth Financial LP lifted its position in shares of Uber Technologies by 8.9% during the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock worth $1,229,000 after buying an additional 1,663 shares in the last quarter. Brophy Wealth Management LLC purchased a new position in shares of Uber Technologies in the 3rd quarter worth approximately $1,041,000. Finally, Lecap Asset Management Ltd. bought a new position in shares of Uber Technologies in the fourth quarter valued at approximately $3,188,000. 80.24% of the stock is owned by institutional investors.

Uber Technologies Stock Performance

Shares of UBER stock opened at $72.71 on Friday. The company’s fifty day moving average price is $73.44 and its 200-day moving average price is $71.75. The stock has a market cap of $151.89 billion, a PE ratio of 15.94, a price-to-earnings-growth 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, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data 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 expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on UBER. DA Davidson lowered their target price on Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $82.00 target price on shares of Uber Technologies in a research note on Thursday, February 6th. Truist Financial raised their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. Wolfe Research upped their price objective on Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, February 5th. Ten investment 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $90.31.

Insider Buying and Selling at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the sale, the chief financial officer now owns 22,162 shares of the company’s stock, valued at $1,662,150. This trade represents a 11.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the transaction, the senior vice president now directly owns 361,908 shares in the company, valued at $25,901,755.56. This trade represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,154 shares of company stock worth $5,793,869. 3.84% of the stock is 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.