Broyhill Asset Management Makes New $466,000 Investment in Uber Technologies, Inc. (NYSE:UBER)

Broyhill Asset Management acquired a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 7,725 shares of the ride-sharing company's stock, valued at approximately $466,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of UBER. Welch & Forbes LLC boosted its position in shares of Uber Technologies by 3.9% in the 4th quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company's stock worth $237,000 after purchasing an additional 148 shares during the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC grew its position in shares of Uber Technologies by 3.5% during the 4th quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company's stock worth $282,000 after buying an additional 150 shares during the period. Drive Wealth Management LLC increased its stake in shares of Uber Technologies by 3.1% in the 4th quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company's stock valued at $312,000 after acquiring an additional 155 shares during the last quarter. Institute for Wealth Management LLC. raised its position in shares of Uber Technologies by 2.4% in the 4th quarter. Institute for Wealth Management LLC. now owns 6,606 shares of the ride-sharing company's stock valued at $398,000 after acquiring an additional 155 shares during the period. Finally, Fairfield Financial Advisors LTD grew its holdings in Uber Technologies by 34.0% during the fourth quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company's stock valued at $40,000 after purchasing an additional 170 shares during the period. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

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Uber Technologies Price Performance

Shares of NYSE UBER traded up $0.97 during mid-day trading on Tuesday, reaching $74.07. 13,754,270 shares of the company were exchanged, compared to its average volume of 20,339,105. The company's 50 day moving average price is $74.11 and its 200 day moving average price is $71.42. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $154.94 billion, a PE ratio of 16.24, a PEG ratio of 0.89 and a beta of 1.37.

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

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Tony West sold 23,404 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the transaction, the insider now owns 114,241 shares in the company, valued at approximately $8,027,715.07. The trade was a 17.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 31,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the sale, the insider now directly owns 86,973 shares in the company, valued at $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 77,154 shares of company stock worth $5,793,869 over the last three months. Company insiders own 3.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on UBER. Cantor Fitzgerald restated an "overweight" rating and issued a $80.00 price target on shares of Uber Technologies in a report on Thursday, February 6th. The Goldman Sachs Group reiterated a "buy" rating and issued a $96.00 price target on shares of Uber Technologies in a report on Thursday, January 2nd. Benchmark reaffirmed a "hold" rating on shares of Uber Technologies in a research note on Friday, January 31st. KeyCorp reduced their price objective on Uber Technologies from $85.00 to $80.00 and set an "overweight" rating for the company in a research report on Tuesday. Finally, Arete Research raised Uber Technologies to a "hold" rating in a research report on Tuesday, February 18th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $89.81.

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.