Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Lake Street Private Wealth LLC

Lake Street Private Wealth LLC lifted its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 33.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 76,042 shares of the ride-sharing company's stock after buying an additional 19,271 shares during the quarter. Lake Street Private Wealth LLC's holdings in Uber Technologies were worth $4,587,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Financial Management Professionals Inc. boosted its position in Uber Technologies by 104.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company's stock valued at $37,000 after buying an additional 252 shares during the period. Retirement Wealth Solutions LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at $35,000. Kieckhefer Group LLC purchased a new position in Uber Technologies in the fourth quarter valued at $33,000. Transcendent Capital Group LLC boosted its holdings in Uber Technologies by 3,928.6% in the third quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company's stock valued at $42,000 after purchasing an additional 550 shares during the period. Finally, Fortitude Family Office LLC grew its stake in Uber Technologies by 84.7% during the 3rd quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company's stock worth $45,000 after purchasing an additional 276 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Stock Performance

UBER traded down $1.28 during trading on Friday, reaching $67.30. The company's stock had a trading volume of 27,057,083 shares, compared to its average volume of 22,576,684. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The company's fifty day moving average price is $66.24 and its 200-day moving average price is $70.36. 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 $141.71 billion, a price-to-earnings ratio of 33.48, a price-to-earnings-growth ratio of 0.71 and a beta of 1.36.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. During the same period in the previous year, the business earned $0.10 earnings per share. The company's revenue for the quarter was up 20.4% compared to the same quarter last year. On average, equities analysts forecast that Uber Technologies, Inc. will post 1.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Jefferies Financial Group increased their price target on Uber Technologies from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Royal Bank of Canada lifted their price target on shares of Uber Technologies from $80.00 to $82.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. UBS Group boosted their price target on shares of Uber Technologies from $102.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, October 18th. Wolfe Research raised their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Finally, KeyCorp lowered their target price on shares of Uber Technologies from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Friday, November 1st. Seven analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $91.53.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the sale, the insider now owns 107,289 shares of the company's stock, valued at $7,821,368.10. The trade was a 20.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.80% of the company's stock.

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.