Coign Capital Advisors LLC Purchases New Stake in Uber Technologies, Inc. (NYSE:UBER)

Coign Capital Advisors LLC acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,933 shares of the ride-sharing company's stock, valued at approximately $418,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Welch & Forbes LLC raised its holdings in Uber Technologies by 3.9% during 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 raised its stake in shares of Uber Technologies by 3.1% during the fourth quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company's stock worth $312,000 after buying an additional 155 shares during the last quarter. Institute for Wealth Management LLC. boosted its stake in Uber Technologies by 2.4% in the fourth 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 last quarter. Finally, Fairfield Financial Advisors LTD grew its holdings in Uber Technologies by 34.0% during the 4th quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company's stock worth $40,000 after acquiring an additional 170 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Buying and Selling

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the sale, the chief financial officer now owns 22,162 shares of the company's stock, valued at approximately $1,662,150. This represents a 11.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the business's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the transaction, the senior vice president now directly owns 361,908 shares in the company, valued at $25,901,755.56. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 77,154 shares of company stock valued at $5,793,869 over the last 90 days. 3.84% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on UBER shares. Wells Fargo & Company raised their price target on Uber Technologies from $87.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, April 3rd. The Goldman Sachs Group reissued a "buy" rating and set a $96.00 price objective on shares of Uber Technologies in a research note on Thursday, January 2nd. Citigroup cut their target price on shares of Uber Technologies from $98.00 to $92.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Royal Bank of Canada reissued an "outperform" rating and issued a $82.00 price target on shares of Uber Technologies in a report on Thursday, February 6th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a research note on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $89.81.

Uber Technologies Price Performance

NYSE:UBER traded up $0.52 on Tuesday, hitting $73.62. The company had a trading volume of 7,431,744 shares, compared to its average volume of 20,297,836. The firm has a 50 day moving average of $74.11 and a two-hundred day moving average of $71.42. The stock has a market capitalization of $154.00 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 0.89 and a beta of 1.37. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week 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 announced 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 return on equity of 62.60% and a net margin of 22.41%. On average, research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

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.