Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Graypoint LLC

Graypoint LLC grew its stake in Uber Technologies, Inc. (NYSE:UBER) by 22.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,884 shares of the ride-sharing company’s stock after purchasing an additional 1,078 shares during the period. Graypoint LLC’s holdings in Uber Technologies were worth $362,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Highlander Capital Management LLC raised its stake in shares of Uber Technologies by 100.0% during the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after buying an additional 250 shares in the last quarter. Treasurer of the State of North Carolina boosted its position in shares of Uber Technologies by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 877,589 shares of the ride-sharing company’s stock worth $40,360,000 after purchasing an additional 3,530 shares in the last quarter. Compagnie Lombard Odier SCmA increased its holdings in shares of Uber Technologies by 73.0% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 33,535 shares of the ride-sharing company’s stock valued at $2,065,000 after purchasing an additional 14,153 shares in the last quarter. Financial Enhancement Group LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at about $1,112,000. Finally, Fifth Third Bancorp increased its holdings in Uber Technologies by 54.3% in the fourth quarter. Fifth Third Bancorp now owns 68,894 shares of the ride-sharing company’s stock valued at $4,242,000 after buying an additional 24,247 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Down 1.2 %

UBER opened at $75.28 on Monday. Uber Technologies, Inc. has a 12 month low of $29.22 and a 12 month high of $82.14. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market cap of $156.69 billion, a P/E ratio of 87.53, a P/E/G ratio of 1.21 and a beta of 1.36. The stock’s 50 day moving average price is $76.74 and its 200 day moving average price is $62.83.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.50. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The business had revenue of $9.94 billion during the quarter, compared to analysts’ expectations of $9.76 billion. During the same period last year, the firm posted $0.29 earnings per share. The business’s revenue was up 15.4% on a year-over-year basis. As a group, research analysts predict that Uber Technologies, Inc. will post 1.2 earnings per share for the current year.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were 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 owns 107,290 shares in the company, valued at approximately $8,350,380.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Jill Hazelbaker sold 20,000 shares of the company’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 sale, the insider now directly owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Tony West sold 18,750 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $70.08, for a total value 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 disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on UBER. KeyCorp upped their price target on Uber Technologies from $79.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Roth Mkm boosted their price target on Uber Technologies from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. The Goldman Sachs Group boosted their target price on shares of Uber Technologies from $59.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Royal Bank of Canada reissued an “outperform” rating and set a $85.00 price objective on shares of Uber Technologies in a research note on Thursday, February 15th. Finally, Jefferies Financial Group increased their target price on Uber Technologies from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Two research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $78.21.

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.