Uber Technologies, Inc. (NYSE:UBER) Position Lifted by Carnegie Investment Counsel

Carnegie Investment Counsel boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 1,955.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 202,996 shares of the ride-sharing company's stock after buying an additional 193,118 shares during the period. Carnegie Investment Counsel's holdings in Uber Technologies were worth $12,245,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Beech Hill Advisors Inc. increased its position in Uber Technologies by 1.5% in the 4th quarter. Beech Hill Advisors Inc. now owns 107,750 shares of the ride-sharing company's stock valued at $6,499,000 after acquiring an additional 1,626 shares during the period. Sanders Morris Harris LLC acquired a new position in shares of Uber Technologies in the fourth quarter valued at approximately $1,437,000. Mirador Capital Partners LP raised its stake in shares of Uber Technologies by 40.4% during the fourth quarter. Mirador Capital Partners LP now owns 85,214 shares of the ride-sharing company's stock worth $5,140,000 after purchasing an additional 24,520 shares during the last quarter. StrongBox Wealth LLC increased its stake in Uber Technologies by 50.2% in the 4th quarter. StrongBox Wealth LLC now owns 4,809 shares of the ride-sharing company's stock valued at $290,000 after buying an additional 1,608 shares during the period. Finally, Smith Thornton Advisors LLC purchased a new position in Uber Technologies during the fourth quarter worth about $355,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the sale, the insider now directly owns 107,289 shares of the company's stock, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.80% of the stock is currently owned by corporate insiders.

Uber Technologies Trading Down 1.9 %

UBER traded down $1.28 during trading on Friday, hitting $67.30. 27,057,083 shares of the company's stock were exchanged, compared to its average volume of 27,863,750. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The stock has a 50 day moving average price of $66.34 and a 200 day moving average price of $70.39. The firm has a market cap of $141.71 billion, a P/E ratio of 33.48, a price-to-earnings-growth ratio of 0.71 and a beta of 1.36. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.79. The firm had revenue of $11.19 billion during the quarter, compared to analysts' expectations of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm's revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.10 EPS. As a group, analysts expect that Uber Technologies, Inc. will post 1.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on UBER shares. Loop Capital lifted their price target on Uber Technologies from $84.00 to $86.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Truist Financial cut their price target on shares of Uber Technologies from $99.00 to $95.00 and set a "buy" rating for the company in a report on Friday, November 1st. Tigress Financial boosted their price objective on shares of Uber Technologies from $96.00 to $103.00 and gave the stock a "buy" rating in a report on Monday, November 25th. KeyCorp reduced their price target on shares of Uber Technologies from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Friday, November 1st. Finally, Benchmark reaffirmed a "hold" rating on shares of Uber Technologies in a research note on Friday, November 1st. Seven research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $91.53.

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.