Cumberland Partners Ltd Buys Shares of 50,000 Uber Technologies, Inc. (NYSE:UBER)

Cumberland Partners Ltd acquired a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,000 shares of the ride-sharing company's stock, valued at approximately $3,016,000.

A number of other large investors have also made changes to their positions in the stock. Avion Wealth lifted its holdings 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 purchasing an additional 218 shares in the last quarter. GHP Investment Advisors Inc. grew its holdings in shares of Uber Technologies by 85.1% during the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock worth $29,000 after buying an additional 223 shares in the last quarter. Kieckhefer Group LLC acquired a new position in shares of Uber Technologies in the fourth quarter valued at approximately $33,000. Retirement Wealth Solutions LLC purchased a new position in shares of Uber Technologies during the 4th quarter worth $35,000. Finally, Financial Management Professionals Inc. boosted its stake in Uber Technologies by 104.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company's stock worth $37,000 after buying an additional 252 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 27,780 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the transaction, the insider now owns 107,289 shares in the company, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Stock Performance

Shares of NYSE:UBER traded down $2.11 during trading on Friday, reaching $79.15. 16,411,511 shares of the company's stock traded hands, compared to its average volume of 28,652,051. The stock has a market capitalization of $165.34 billion, a P/E ratio of 17.33, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The company has a 50 day moving average of $67.67 and a 200-day moving average of $71.11. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating the consensus estimate 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, equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Truist Financial dropped their price objective on shares of Uber Technologies from $99.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, November 1st. JPMorgan Chase & Co. cut their price target on shares of Uber Technologies from $95.00 to $90.00 and set an "overweight" rating on the stock in a research note on Thursday, February 6th. Arete Research raised shares of Uber Technologies to a "hold" rating in a research note on Tuesday. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $80.00 target price on shares of Uber Technologies in a research report on Thursday, February 6th. Finally, Piper Sandler reissued an "overweight" rating and set a $87.00 price target (up previously from $80.00) on shares of Uber Technologies in a research report on Tuesday. Eight equities research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $90.91.

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.