Empirical Asset Management LLC Purchases Shares of 11,663 Uber Technologies, Inc. (NYSE:UBER)

Empirical Asset Management LLC purchased a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,663 shares of the ride-sharing company's stock, valued at approximately $704,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bouvel Investment Partners LLC grew its position in shares of Uber Technologies by 0.7% in the 4th quarter. Bouvel Investment Partners LLC now owns 54,701 shares of the ride-sharing company's stock worth $3,300,000 after buying an additional 366 shares during the last quarter. Congress Park Capital LLC boosted its position in Uber Technologies by 4.6% during the 4th quarter. Congress Park Capital LLC now owns 9,493 shares of the ride-sharing company's stock valued at $573,000 after acquiring an additional 420 shares in the last quarter. Ritholtz Wealth Management raised its position in shares of Uber Technologies by 3.8% in the 4th quarter. Ritholtz Wealth Management now owns 36,776 shares of the ride-sharing company's stock worth $2,218,000 after acquiring an additional 1,331 shares in the last quarter. Carnegie Investment Counsel lifted its stake in shares of Uber Technologies by 1,955.0% in the 4th quarter. Carnegie Investment Counsel now owns 202,996 shares of the ride-sharing company's stock valued at $12,245,000 after purchasing an additional 193,118 shares during the period. Finally, Beech Hill Advisors Inc. boosted its position in shares of Uber Technologies by 1.5% during the fourth quarter. Beech Hill Advisors Inc. now owns 107,750 shares of the ride-sharing company's stock valued at $6,499,000 after purchasing an additional 1,626 shares in the last quarter. Institutional investors own 80.24% of the company's stock.

Uber Technologies Price Performance

Shares of UBER traded down $1.28 during mid-day trading on Friday, hitting $67.30. 27,057,083 shares of the stock were exchanged, compared to its average volume of 22,576,684. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market cap of $141.71 billion, a PE ratio of 33.48, a price-to-earnings-growth ratio of 0.71 and a beta of 1.36. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The firm has a 50-day moving average of $66.24 and a two-hundred day moving average of $70.36.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.41 by $0.79. The business had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. Uber Technologies's quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.10 earnings per share. On average, equities analysts predict that Uber Technologies, Inc. will post 1.9 earnings per share for the current year.

Insiders Place Their Bets

In related 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 sale, the insider now owns 107,289 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.80% of the company's stock.

Analyst Ratings Changes

UBER has been the subject of several recent research reports. Daiwa Capital Markets lowered Uber Technologies from an "outperform" rating to a "neutral" rating and set a $84.00 price objective for the company. in a research report on Thursday, October 17th. Bank of America lifted their target price on shares of Uber Technologies from $88.00 to $96.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Loop Capital upped their price target on Uber Technologies from $84.00 to $86.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Oppenheimer boosted their target price on Uber Technologies from $90.00 to $95.00 and gave the stock an "outperform" rating in a report on Friday, September 27th. Finally, UBS Group lifted their price target on Uber Technologies from $102.00 to $114.00 and gave the stock a "buy" rating in a research report on Friday, October 18th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Uber Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $91.53.

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.