Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 824.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 564,276 shares of the ride-sharing company's stock after acquiring an additional 503,232 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Uber Technologies were worth $34,037,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Avion Wealth lifted its holdings 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 valued at $26,000 after purchasing an additional 218 shares during the last quarter. Transce3nd LLC acquired a new position in Uber Technologies during the 4th quarter valued at about $27,000. Runnymede Capital Advisors Inc. purchased a new stake in Uber Technologies in the fourth quarter valued at about $28,000. GHP Investment Advisors Inc. boosted its holdings in 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 acquiring an additional 223 shares in the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of Uber Technologies during the fourth quarter worth about $35,000. Institutional investors own 80.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on UBER shares. DA Davidson decreased their price objective on shares of Uber Technologies from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Fox Advisors cut shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. KeyCorp cut their target price on Uber Technologies from $85.00 to $80.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Wells Fargo & Company lifted their price target on Uber Technologies from $87.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, April 3rd. Finally, Citigroup cut their price objective on Uber Technologies from $98.00 to $92.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Ten investment 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. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.81.

Uber Technologies Price Performance

UBER traded down $0.36 during midday trading on Friday, hitting $77.74. 20,038,405 shares of the company traded hands, compared to its average volume of 20,336,884. The business has a 50 day simple moving average of $73.60 and a two-hundred day simple moving average of $71.46. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The company has a market capitalization of $162.62 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 0.89 and a beta of 1.37. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37.

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

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the business's stock in a transaction dated 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 directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $1,644,599.08. Following the completion of the sale, the insider now owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. The trade was a 17.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,154 shares of company stock valued at $5,793,869 over the last ninety days. Insiders own 3.84% of the company's stock.

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.