Tennessee Valley Asset Management Partners Buys Shares of 784 Uber Technologies, Inc. (NYSE:UBER)

Tennessee Valley Asset Management Partners bought a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 784 shares of the ride-sharing company’s stock, valued at approximately $48,000.

Other institutional investors also recently bought and sold shares of the company. CVA Family Office LLC bought a new position in Uber Technologies during the fourth quarter valued at about $30,000. Highlander Capital Management LLC raised its holdings in Uber Technologies by 100.0% during the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after buying an additional 250 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its holdings in Uber Technologies by 49.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock valued at $32,000 after buying an additional 174 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE raised its holdings in Uber Technologies by 2,545.5% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock valued at $27,000 after buying an additional 560 shares in the last quarter. Finally, OFI Invest Asset Management bought a new position in shares of Uber Technologies in the third quarter worth about $26,000. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. The Goldman Sachs Group boosted their price objective on Uber Technologies from $59.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Citigroup boosted their price objective on Uber Technologies from $83.00 to $91.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. JMP Securities reissued a “market outperform” rating and set a $85.00 price objective on shares of Uber Technologies in a research report on Thursday, March 28th. Nomura cut Uber Technologies from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $59.00 to $62.00 in a research report on Friday, December 29th. Finally, Argus boosted their price objective on Uber Technologies from $69.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Two research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $78.94.

Uber Technologies Stock Up 2.6 %

NYSE UBER opened at $70.80 on Wednesday. The firm has a market cap of $147.36 billion, a PE ratio of 82.33, a price-to-earnings-growth ratio of 1.10 and a beta of 1.36. Uber Technologies, Inc. has a one year low of $29.22 and a one year high of $82.14. The stock’s 50 day simple moving average is $76.92 and its 200 day simple moving average is $64.12. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.50. The business had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.76 billion. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. Uber Technologies’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.29 EPS. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 1.22 earnings per share for the current fiscal year.

Insider Buying and Selling

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