Lewis Asset Management LLC Boosts Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Lewis Asset Management LLC increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 75.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,398 shares of the ride-sharing company's stock after purchasing an additional 9,628 shares during the period. Uber Technologies makes up approximately 1.0% of Lewis Asset Management LLC's investment portfolio, making the stock its 20th largest holding. Lewis Asset Management LLC's holdings in Uber Technologies were worth $1,351,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Financial Management Professionals Inc. grew its stake in Uber Technologies by 104.1% in the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company's stock valued at $37,000 after acquiring an additional 252 shares during the period. Retirement Wealth Solutions LLC acquired a new position in Uber Technologies in the fourth quarter valued at about $35,000. Kieckhefer Group LLC acquired a new position in Uber Technologies in the fourth quarter valued at about $33,000. Transcendent Capital Group LLC grew its stake 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 acquiring an additional 550 shares during the period. Finally, Fortitude Family Office LLC boosted its position in shares of Uber Technologies by 84.7% during the third quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company's stock worth $45,000 after buying an additional 276 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Jefferies Financial Group upped their price objective on Uber Technologies from $100.00 to $105.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Gordon Haskett upgraded Uber Technologies from a "hold" rating to a "buy" rating and set a $85.00 target price on the stock in a report on Thursday, October 31st. Benchmark reiterated a "hold" rating on shares of Uber Technologies in a report on Friday, November 1st. Truist Financial dropped their target price on Uber Technologies from $99.00 to $95.00 and set a "buy" rating on the stock in a report on Friday, November 1st. Finally, DA Davidson upped their price objective on Uber Technologies from $82.00 to $84.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Seven research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and an average target price of $91.08.

Uber Technologies Price Performance

Shares of UBER traded down $0.17 during midday trading on Thursday, hitting $66.59. The company's stock had a trading volume of 33,173,974 shares, compared to its average volume of 25,500,186. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The company's fifty day simple moving average is $65.77 and its two-hundred day simple moving average is $70.17. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $140.21 billion, a price-to-earnings ratio of 33.13, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. During the same quarter last year, the company posted $0.10 EPS. The company's revenue for the quarter was up 20.4% compared to the same quarter last year. As a group, equities analysts expect that Uber Technologies, Inc. will post 1.86 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction dated 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 transaction, the insider now directly owns 107,289 shares of the company's stock, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.84% of the stock is currently owned by company insiders.

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.