Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Iron Gate Global Advisors LLC

Iron Gate Global Advisors LLC raised its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 4.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 303,515 shares of the ride-sharing company's stock after buying an additional 13,484 shares during the period. Uber Technologies makes up approximately 2.6% of Iron Gate Global Advisors LLC's portfolio, making the stock its 13th largest position. Iron Gate Global Advisors LLC's holdings in Uber Technologies were worth $18,340,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of UBER. Polianta Ltd purchased a new stake in shares of Uber Technologies in the 4th quarter valued at approximately $1,206,000. Allworth Financial LP increased its position 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 worth $1,229,000 after purchasing an additional 1,663 shares during the period. Lecap Asset Management Ltd. purchased a new position in Uber Technologies in the fourth quarter worth $3,188,000. Mirador Capital Partners LP lifted its holdings in Uber Technologies by 40.4% in the fourth quarter. Mirador Capital Partners LP now owns 85,214 shares of the ride-sharing company's stock valued at $5,140,000 after acquiring an additional 24,520 shares during the period. Finally, Tri Ri Asset Management Corp acquired a new position in shares of Uber Technologies during the 3rd quarter worth $8,243,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the firm's 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 completion of the transaction, the senior vice president now owns 361,908 shares of the company's stock, valued at approximately $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 90 days. 3.84% of the stock is owned by company insiders.

Uber Technologies Stock Up 3.0 %

Shares of Uber Technologies stock traded up $2.22 during trading on Friday, reaching $75.28. The company had a trading volume of 21,882,922 shares, compared to its average volume of 20,371,088. The company has a market cap of $157.47 billion, a price-to-earnings ratio of 16.51, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The firm's fifty day moving average is $74.09 and its 200-day moving average is $71.45. 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 released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. On average, analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Royal Bank of Canada reissued an "outperform" rating and set a $82.00 price objective on shares of Uber Technologies in a report on Thursday, February 6th. KGI Securities restated a "neutral" rating and issued a $78.00 price objective on shares of Uber Technologies in a research report on Tuesday, March 11th. Benchmark reaffirmed a "hold" rating on shares of Uber Technologies in a research note on Friday, January 31st. Wolfe Research increased their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Finally, Piper Sandler restated an "overweight" rating and issued a $87.00 target price (up from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Uber Technologies has a consensus rating of "Moderate Buy" and an average price target of $89.81.

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.