Dudley Capital Management LLC Makes New $274,000 Investment in Uber Technologies, Inc. (NYSE:UBER)

Dudley Capital Management LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,542 shares of the ride-sharing company's stock, valued at approximately $274,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Avion Wealth increased its stake in shares of Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after acquiring an additional 218 shares during the last quarter. Runnymede Capital Advisors Inc. bought a new position in Uber Technologies during the 4th quarter worth approximately $28,000. GHP Investment Advisors Inc. grew its holdings in Uber Technologies by 85.1% during the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock valued at $29,000 after purchasing an additional 223 shares during the period. Retirement Wealth Solutions LLC bought a new stake in Uber Technologies in the fourth quarter valued at approximately $35,000. Finally, Kieckhefer Group LLC acquired a new stake in Uber Technologies in the fourth quarter worth $33,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on UBER. Wolfe Research boosted their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Royal Bank of Canada reiterated an "outperform" rating and set a $82.00 target price on shares of Uber Technologies in a report on Thursday, February 6th. Benchmark restated a "hold" rating on shares of Uber Technologies in a report on Friday, January 31st. Arete Research raised Uber Technologies to a "hold" rating in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. decreased their price objective on Uber Technologies from $95.00 to $90.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Ten investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.31.

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Insider Transactions at Uber Technologies

In related news, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the sale, the insider now owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. The trade was a 17.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 31,000 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were 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 owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 77,154 shares of company stock worth $5,793,869. 3.84% of the stock is owned by company insiders.

Uber Technologies Stock Performance

Shares of UBER traded down $2.30 during midday trading on Friday, reaching $72.56. The stock had a trading volume of 6,300,307 shares, compared to its average volume of 20,052,232. The firm has a market cap of $151.58 billion, a PE ratio of 15.91, a P/E/G ratio of 0.89 and a beta of 1.39. The firm has a 50 day simple moving average of $73.33 and a 200-day simple moving average of $71.71. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. As a group, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Uber Technologies Company 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.