Condor Capital Management Acquires Shares of 30,295 Uber Technologies, Inc. (NYSE:UBER)

Condor Capital Management acquired a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 30,295 shares of the ride-sharing company's stock, valued at approximately $1,827,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Avion Wealth increased its position in 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 in the last quarter. GHP Investment Advisors Inc. increased its position in Uber Technologies by 85.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock valued at $29,000 after acquiring an additional 223 shares in the last quarter. Kieckhefer Group LLC acquired a new stake in Uber Technologies in the 4th quarter valued at about $33,000. Retirement Wealth Solutions LLC acquired a new stake in Uber Technologies in the 4th quarter valued at about $35,000. Finally, Fairfield Financial Advisors LTD increased its position in Uber Technologies by 34.0% in the 4th quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company's stock valued at $40,000 after acquiring an additional 170 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on UBER shares. Benchmark reiterated a "hold" rating on shares of Uber Technologies in a research report on Friday, January 31st. JPMorgan Chase & Co. lowered their price target on shares of Uber Technologies from $95.00 to $90.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Arete Research upgraded shares of Uber Technologies to a "hold" rating in a research report on Tuesday, February 18th. The Goldman Sachs Group reiterated a "buy" rating and set a $96.00 price target on shares of Uber Technologies in a research report on Thursday, January 2nd. Finally, Truist Financial lifted their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Uber Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $90.31.

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Insider Activity

In related news, insider Tony West sold 23,404 shares of the business's stock in a transaction on 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 transaction, the insider now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the transaction, the insider now owns 86,973 shares in the company, valued at approximately $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 have sold 74,404 shares of company stock worth $5,587,619 over the last ninety days. Insiders own 3.84% of the company's stock.

Uber Technologies Stock Up 2.1 %

Shares of NYSE UBER traded up $1.59 during midday trading on Friday, reaching $75.94. The company's stock had a trading volume of 26,538,897 shares, compared to its average volume of 19,658,376. 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, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The stock has a market capitalization of $158.65 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 0.89 and a beta of 1.39. The stock has a 50 day simple moving average of $72.64 and a 200-day simple moving average of $71.59.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (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%. Equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share 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.