HighPoint Advisor Group LLC Has $3.01 Million Stock Position in Uber Technologies, Inc. (NYSE:UBER)

HighPoint Advisor Group LLC boosted its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 100.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,851 shares of the ride-sharing company's stock after purchasing an additional 24,969 shares during the period. HighPoint Advisor Group LLC's holdings in Uber Technologies were worth $3,007,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky increased its stake in Uber Technologies by 4.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company's stock worth $24,180,000 after purchasing an additional 13,433 shares in the last quarter. Polianta Ltd acquired a new stake in Uber Technologies during the 4th quarter worth about $1,206,000. Allworth Financial LP grew its stake in Uber Technologies by 8.9% during the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company's stock valued at $1,229,000 after acquiring an additional 1,663 shares in the last quarter. Brophy Wealth Management LLC acquired a new position in shares of Uber Technologies in the 3rd quarter valued at about $1,041,000. Finally, Lecap Asset Management Ltd. purchased a new stake in shares of Uber Technologies in the fourth quarter worth approximately $3,188,000. 80.24% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Tony West sold 23,404 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the transaction, the insider now owns 114,241 shares of the company's stock, valued at $8,027,715.07. This represents a 17.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Nikki Krishnamurthy sold 20,000 shares of Uber Technologies stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $71.57, for a total value of $1,431,400.00. Following the sale, the senior vice president now directly owns 361,908 shares in the company, valued at $25,901,755.56. The trade was a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 77,154 shares of company stock valued at $5,793,869 over the last ninety days. 3.84% of the stock is owned by company insiders.

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Analysts Set New Price Targets

UBER has been the topic of several research reports. Wells Fargo & Company dropped their price objective on shares of Uber Technologies from $90.00 to $87.00 and set an "overweight" rating on the stock in a research note on Thursday, February 6th. Fox Advisors downgraded shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. Benchmark reissued a "hold" rating on shares of Uber Technologies in a research report on Friday, January 31st. Piper Sandler restated an "overweight" rating and issued a $87.00 target price (up previously from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Finally, Citigroup cut their price target on Uber Technologies from $98.00 to $92.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Ten equities 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 stock. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.31.

Uber Technologies Stock Performance

Shares of UBER traded up $0.17 during trading hours on Tuesday, reaching $73.03. 16,868,970 shares of the company traded hands, compared to its average volume of 20,099,981. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The stock has a market cap of $152.77 billion, a P/E ratio of 16.02, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The stock's fifty day moving average is $73.66 and its 200 day moving average is $71.80. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly 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%. Equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

About Uber Technologies

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.