Congress Park Capital LLC Sells 4,892 Shares of Uber Technologies, Inc. (NYSE:UBER)

Congress Park Capital LLC decreased its stake in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) by 34.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,468 shares of the ride-sharing company’s stock after selling 4,892 shares during the period. Congress Park Capital LLC’s holdings in Uber Technologies were worth $583,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Procyon Advisors LLC grew its holdings in shares of Uber Technologies by 3.6% during the 4th quarter. Procyon Advisors LLC now owns 5,258 shares of the ride-sharing company’s stock worth $324,000 after acquiring an additional 182 shares during the period. Harbour Capital Advisors LLC grew its stake in Uber Technologies by 2.1% in the fourth quarter. Harbour Capital Advisors LLC now owns 9,920 shares of the ride-sharing company’s stock worth $578,000 after purchasing an additional 200 shares during the period. SOA Wealth Advisors LLC. raised its holdings in Uber Technologies by 18.2% in the fourth quarter. SOA Wealth Advisors LLC. now owns 1,299 shares of the ride-sharing company’s stock worth $80,000 after purchasing an additional 200 shares in the last quarter. Montag A & Associates Inc. lifted its position in Uber Technologies by 5.1% during the third quarter. Montag A & Associates Inc. now owns 4,202 shares of the ride-sharing company’s stock valued at $193,000 after buying an additional 203 shares during the period. Finally, Choreo LLC boosted its holdings in shares of Uber Technologies by 2.3% during the 3rd quarter. Choreo LLC now owns 9,761 shares of the ride-sharing company’s stock valued at $449,000 after buying an additional 216 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on UBER shares. UBS Group increased their price target on shares of Uber Technologies from $94.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $85.00 target price on shares of Uber Technologies in a report on Thursday, February 15th. Roth Mkm upped their price target on Uber Technologies from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Truist Financial lifted their price objective on Uber Technologies from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $75.41.

Get Our Latest Analysis on UBER

Uber Technologies Stock Down 1.4 %

UBER stock opened at $76.99 on Monday. The business’s 50-day moving average price is $74.74 and its 200-day moving average price is $60.73. The stock has a market cap of $160.25 billion, a P/E ratio of 89.52, a PEG ratio of 1.25 and a beta of 1.36. Uber Technologies, Inc. has a twelve month low of $29.22 and a twelve month high of $82.14. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79.

Uber Technologies (NYSE:UBERGet Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.50. The business had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.76 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.29 earnings per share. On average, equities research analysts forecast that Uber Technologies, Inc. will post 1.19 EPS for the current year.

Insider Buying and Selling

In other Uber Technologies news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the sale, the insider now directly owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Uber Technologies news, insider Tony West sold 18,750 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the sale, the insider now directly owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the transaction, the insider now directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by insiders.

Uber Technologies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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