Orion Portfolio Solutions LLC Boosts Stake in Uber Technologies, Inc. (NYSE:UBER)

Orion Portfolio Solutions LLC raised its position in Uber Technologies, Inc. (NYSE:UBERFree Report) by 20.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,192 shares of the ride-sharing company’s stock after purchasing an additional 3,551 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Uber Technologies were worth $1,251,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In related news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the transaction, the chief executive officer now owns 1,656,996 shares of the company’s stock, valued at $109,245,746.28. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $65.93, for a total value of $32,965,000.00. Following the sale, the chief executive officer now owns 1,656,996 shares of the company’s stock, valued at approximately $109,245,746.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $65.63, for a total value of $1,230,562.50. Following the completion of the sale, the insider now directly owns 206,338 shares in the company, valued at approximately $13,541,962.94. The disclosure for this sale can be found here. Corporate insiders own 3.80% of the company’s stock.

Uber Technologies Stock Performance

NYSE UBER opened at $64.56 on Monday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. Uber Technologies, Inc. has a 52-week low of $37.07 and a 52-week high of $82.14. The business’s 50-day moving average price is $70.21 and its 200 day moving average price is $68.15. The firm has a market cap of $134.90 billion, a P/E ratio of 104.13, a P/E/G ratio of 1.41 and a beta of 1.37.

Uber Technologies (NYSE:UBERGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The company had revenue of $10.13 billion for the quarter, compared to analysts’ expectations of $10.09 billion. During the same period in the prior year, the business earned ($0.08) EPS. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, equities research analysts expect that Uber Technologies, Inc. will post 0.85 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on UBER. Oppenheimer restated an “outperform” rating and set a $90.00 price target on shares of Uber Technologies in a research report on Monday, April 29th. Argus lifted their target price on Uber Technologies from $69.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Wedbush reiterated an “outperform” rating and set a $85.00 price target on shares of Uber Technologies in a research note on Wednesday, May 8th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, May 8th. Finally, Piper Sandler upped their target price on shares of Uber Technologies from $78.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. Two equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $84.38.

Check Out Our Latest Research Report on UBER

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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