Meitav Investment House Ltd. lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 146.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 439,150 shares of the ride-sharing company's stock after purchasing an additional 260,750 shares during the period. Meitav Investment House Ltd.'s holdings in Uber Technologies were worth $26,471,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Avion Wealth raised its holdings in 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 purchasing an additional 218 shares during the last quarter. GHP Investment Advisors Inc. grew its position in shares of Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock worth $29,000 after buying an additional 223 shares during the period. Financial Management Professionals Inc. raised its stake in shares of Uber Technologies by 104.1% during the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company's stock worth $37,000 after buying an additional 252 shares during the last quarter. Retirement Wealth Solutions LLC acquired a new position in Uber Technologies in the fourth quarter valued at approximately $35,000. Finally, Kieckhefer Group LLC bought a new position in Uber Technologies in the fourth quarter valued at approximately $33,000. 80.24% of the stock is owned by institutional investors.
Insider Buying and Selling at Uber Technologies
In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the sale, the insider now owns 107,289 shares in the company, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.84% of the company's stock.
Analyst Ratings Changes
Several analysts have commented on the stock. Arete Research upgraded shares of Uber Technologies to a "hold" rating in a research report on Tuesday. Truist Financial cut their target price on Uber Technologies from $99.00 to $95.00 and set a "buy" rating on the stock in a research note on Friday, November 1st. UBS Group reduced their target price on Uber Technologies from $114.00 to $107.00 and set a "buy" rating on the stock in a report on Monday, February 3rd. Tigress Financial upped their price target on Uber Technologies from $96.00 to $103.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Finally, KeyCorp reduced their price objective on shares of Uber Technologies from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Friday, November 1st. Eight investment analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Uber Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $90.91.
Check Out Our Latest Research Report on Uber Technologies
Uber Technologies Price Performance
NYSE UBER traded down $2.38 during midday trading on Friday, hitting $78.89. The company had a trading volume of 18,958,126 shares, compared to its average volume of 28,699,561. The firm has a 50-day moving average price of $67.67 and a 200-day moving average price of $71.11. The company has a market capitalization of $164.79 billion, a PE ratio of 17.30, a P/E/G ratio of 0.89 and a beta of 1.39. 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, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00.
Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating 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%. As a group, analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.
Uber Technologies Profile
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Free Report)
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.
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