Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by DAVENPORT & Co LLC

DAVENPORT & Co LLC increased its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 51.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,518,627 shares of the ride-sharing company's stock after purchasing an additional 518,010 shares during the period. DAVENPORT & Co LLC owned approximately 0.07% of Uber Technologies worth $91,748,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of UBER. Kieckhefer Group LLC bought a new position in Uber Technologies in the 4th quarter worth about $33,000. Retirement Wealth Solutions LLC bought a new position in Uber Technologies in the 4th quarter worth about $35,000. 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 purchasing an additional 252 shares in the last quarter. Transcendent Capital Group LLC boosted its stake in Uber Technologies by 3,928.6% in the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company's stock worth $42,000 after purchasing an additional 550 shares in the last quarter. Finally, Crews Bank & Trust bought a new position in Uber Technologies during the 4th quarter valued at about $42,000. Institutional investors own 80.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Gordon Haskett upgraded shares of Uber Technologies from a "hold" rating to a "buy" rating and set a $85.00 target price on the stock in a research note on Thursday, October 31st. Tigress Financial upped their target price on shares of Uber Technologies from $96.00 to $103.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Loop Capital upped their target price on shares of Uber Technologies from $84.00 to $86.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Royal Bank of Canada upped their target price on shares of Uber Technologies from $80.00 to $82.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 price target on shares of Uber Technologies in a research report on Monday, January 27th. Seven research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $91.08.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the transaction, 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 SEC, which can be accessed through this link. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Up 0.4 %

NYSE UBER traded up $0.27 during trading on Friday, hitting $66.86. The company's stock had a trading volume of 19,772,917 shares, compared to its average volume of 22,567,078. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market cap of $140.79 billion, a PE ratio of 33.26, a P/E/G ratio of 0.77 and a beta of 1.36. The business's 50 day simple moving average is $65.61 and its 200-day simple moving average is $70.08. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company's revenue was up 20.4% compared to the same quarter last year. On average, equities analysts anticipate that Uber Technologies, Inc. will post 1.85 EPS for the current fiscal 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.