Empire Financial Management Company LLC Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

Empire Financial Management Company LLC acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 20,307 shares of the ride-sharing company's stock, valued at approximately $1,225,000.

Several other hedge funds have also modified their holdings of UBER. Invst LLC lifted its position in shares of Uber Technologies by 5.0% in the third quarter. Invst LLC now owns 4,108 shares of the ride-sharing company's stock worth $309,000 after purchasing an additional 197 shares in the last quarter. Advisory Resource Group grew its holdings in shares of Uber Technologies by 1.6% during the 3rd quarter. Advisory Resource Group now owns 13,993 shares of the ride-sharing company's stock valued at $1,052,000 after acquiring an additional 222 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Uber Technologies in the third quarter worth $1,328,000. SkyView Investment Advisors LLC raised its holdings in shares of Uber Technologies by 3.0% during the third quarter. SkyView Investment Advisors LLC now owns 30,280 shares of the ride-sharing company's stock worth $2,276,000 after acquiring an additional 875 shares in the last quarter. Finally, Anchor Investment Management LLC boosted its position in Uber Technologies by 8.9% during the third quarter. Anchor Investment Management LLC now owns 33,718 shares of the ride-sharing company's stock valued at $2,534,000 after purchasing an additional 2,755 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on UBER shares. Royal Bank of Canada reissued an "outperform" rating and issued a $82.00 target price on shares of Uber Technologies in a research report on Thursday, February 6th. Benchmark reissued a "hold" rating on shares of Uber Technologies in a research report on Friday, January 31st. Wells Fargo & Company upped their price target on Uber Technologies from $87.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, April 3rd. KeyCorp cut their target price on shares of Uber Technologies from $85.00 to $80.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Finally, JMP Securities restated a "market perform" rating on shares of Uber Technologies in a report on Thursday, February 6th. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.81.

Uber Technologies Price Performance

Shares of UBER opened at $73.82 on Thursday. The stock has a market capitalization of $154.42 billion, a P/E ratio of 16.19, a P/E/G ratio of 0.89 and a beta of 1.37. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The company has a 50 day moving average of $73.70 and a 200-day moving average of $71.46. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data 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 net margin of 22.41% and a return on equity of 62.60%. As a group, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the sale, the chief financial officer now owns 22,162 shares of the company's stock, valued at $1,662,150. The trade was a 11.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Tony West sold 23,404 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the transaction, the insider now owns 114,241 shares in the company, valued at approximately $8,027,715.07. This trade represents a 17.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,154 shares of company stock worth $5,793,869 over the last quarter. Company insiders own 3.84% of the company's stock.

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.

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