Impact Capital Partners LLC Invests $366,000 in Uber Technologies, Inc. (NYSE:UBER)

Impact Capital Partners LLC purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,073 shares of the ride-sharing company's stock, valued at approximately $366,000.

Other large investors have also made changes to their positions in the company. Teachers Retirement System of The State of Kentucky increased its position in shares of Uber Technologies by 4.4% during the third 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. Aviso Wealth Management acquired a new position in shares of Uber Technologies in the 3rd quarter valued at $2,302,000. Polianta Ltd acquired a new position in shares of Uber Technologies in the 4th quarter valued at $1,206,000. Allworth Financial LP increased its position in shares of Uber Technologies by 8.9% in 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 during the period. Finally, Brophy Wealth Management LLC acquired a new position in shares of Uber Technologies in the 3rd quarter valued at $1,041,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on UBER. Evercore ISI cut their target price on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. UBS Group reissued a "buy" rating on shares of Uber Technologies in a research report on Friday, February 21st. 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 reaffirmed a "hold" rating on shares of Uber Technologies in a report on Friday, January 31st. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and issued a $96.00 price target on shares of Uber Technologies in a report on Thursday, January 2nd. 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 company. Based on data from MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and a consensus price target of $90.31.

Remove Ads

Uber Technologies Stock Down 2.6 %

UBER opened at $69.37 on Friday. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average price of $71.71 and a 200 day moving average price of $71.57. The company has a market cap of $144.91 billion, a PE ratio of 15.21, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the sale, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their position. 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 insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.