IPG Investment Advisors LLC Buys 8,013 Shares of Uber Technologies, Inc. (NYSE:UBER)

IPG Investment Advisors LLC increased its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 20.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,087 shares of the ride-sharing company's stock after buying an additional 8,013 shares during the period. IPG Investment Advisors LLC's holdings in Uber Technologies were worth $2,840,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Avion Wealth lifted its stake in shares of Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after buying an additional 218 shares during the last quarter. Runnymede Capital Advisors Inc. bought a new stake in shares of Uber Technologies during the 4th quarter valued at $28,000. GHP Investment Advisors Inc. increased its position in shares of Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock worth $29,000 after purchasing an additional 223 shares during the period. Kieckhefer Group LLC acquired a new position in Uber Technologies in the fourth quarter valued at about $33,000. Finally, Retirement Wealth Solutions LLC bought a new stake in Uber Technologies during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Stock Up 2.7 %

Shares of UBER traded up $1.96 during trading hours on Wednesday, reaching $74.95. The stock had a trading volume of 8,128,818 shares, compared to its average volume of 20,054,756. The firm has a 50-day simple moving average of $73.66 and a 200 day simple moving average of $71.80. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $156.78 billion, a price-to-earnings ratio of 16.44, a P/E/G ratio of 0.89 and a beta of 1.39.

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Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS 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%. Equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the transaction, the insider now owns 86,973 shares of the company's stock, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the transaction, the chief financial officer now owns 22,162 shares in the company, valued at $1,662,150. The trade was a 11.04 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,154 shares of company stock valued at $5,793,869. Corporate insiders own 3.84% of the company's stock.

Analysts Set New Price Targets

UBER has been the subject of several analyst reports. Truist Financial boosted their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a research report on Thursday, March 6th. Wolfe Research upped their target price on Uber Technologies from $90.00 to $92.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. The Goldman Sachs Group reiterated a "buy" rating and issued a $96.00 target price on shares of Uber Technologies in a research report on Thursday, January 2nd. Arete Research upgraded Uber Technologies to a "hold" rating in a research note on Tuesday, February 18th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $80.00 price target on shares of Uber Technologies in a report 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 given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $90.31.

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.