Uber Technologies, Inc. (NYSE:UBER) Holdings Increased by Investment Management Associates Inc. ADV

Investment Management Associates Inc. ADV grew its holdings in Uber Technologies, Inc. (NYSE:UBER) by 29.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 434,309 shares of the ride-sharing company’s stock after purchasing an additional 98,942 shares during the period. Uber Technologies comprises approximately 11.4% of Investment Management Associates Inc. ADV’s holdings, making the stock its largest holding. Investment Management Associates Inc. ADV’s holdings in Uber Technologies were worth $26,198,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Compass Capital Corp MA ADV purchased a new position in shares of Uber Technologies during the fourth quarter valued at $1,186,000. WP Advisors LLC increased its stake in shares of Uber Technologies by 8.7% during the fourth quarter. WP Advisors LLC now owns 14,410 shares of the ride-sharing company’s stock valued at $869,000 after buying an additional 1,150 shares during the period. Centricity Wealth Management LLC purchased a new position in shares of Uber Technologies during the fourth quarter valued at $91,000. Legacy Capital Group California Inc. purchased a new position in shares of Uber Technologies during the fourth quarter valued at $897,000. Finally, Bray Capital Advisors increased its stake in shares of Uber Technologies by 1.0% during the fourth quarter. Bray Capital Advisors now owns 31,879 shares of the ride-sharing company’s stock valued at $1,923,000 after buying an additional 308 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Up 0.3 %

Shares of NYSE:UBER opened at $81.37 on Friday. 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 $169.97 billion, a price-to-earnings ratio of 17.84, a PEG ratio of 0.89 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. The business has a 50-day moving average price of $67.67 and a 200-day moving average price of $71.11.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on UBER shares. Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, February 5th. Truist Financial cut their price target on Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. KeyCorp cut their price target on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $80.00 price objective on shares of Uber Technologies in a research report on Thursday, February 6th. Finally, Wells Fargo & Company dropped their price objective on Uber Technologies from $90.00 to $87.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $90.91.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies 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 completion of the transaction, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.84% of the company’s stock.

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.