Murphy & Mullick Capital Management Corp Takes $995,000 Position in Uber Technologies, Inc. (NYSE:UBER)

Murphy & Mullick Capital Management Corp acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 16,489 shares of the ride-sharing company's stock, valued at approximately $995,000. Uber Technologies makes up approximately 0.9% of Murphy & Mullick Capital Management Corp's holdings, making the stock its 24th biggest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jennison Associates LLC increased its position in Uber Technologies by 36.9% during the fourth quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock worth $1,596,086,000 after purchasing an additional 7,137,512 shares during the last quarter. Boston Partners bought a new stake in shares of Uber Technologies during the 4th quarter valued at about $381,057,000. Assenagon Asset Management S.A. lifted its stake in Uber Technologies by 670.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company's stock valued at $398,809,000 after buying an additional 5,753,637 shares during the last quarter. Montrusco Bolton Investments Inc. acquired a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $166,072,000. Finally, Vanguard Group Inc. increased its stake in Uber Technologies by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company's stock valued at $10,903,846,000 after buying an additional 2,364,525 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

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Analyst Upgrades and Downgrades

UBER has been the subject of several analyst reports. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $80.00 target price on shares of Uber Technologies in a report on Thursday, February 6th. JMP Securities restated a "market perform" rating on shares of Uber Technologies in a research note on Thursday, February 6th. Wells Fargo & Company lowered their price target on shares of Uber Technologies from $90.00 to $87.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Benchmark reaffirmed a "hold" rating on shares of Uber Technologies in a research note on Friday, January 31st. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, February 5th. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $90.31.

Uber Technologies Trading Down 2.8 %

NYSE UBER traded down $2.11 during trading hours on Friday, hitting $72.75. 6,704,927 shares of the company's stock were exchanged, compared to its average volume of 20,053,417. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The business's 50 day moving average is $73.33 and its 200-day moving average is $71.71. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The firm has a market capitalization of $151.98 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data 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 net margin of 22.41% and a return on equity of 62.60%. As a group, analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the transaction, the chief financial officer now directly owns 22,162 shares of the company's stock, valued at approximately $1,662,150. This represents a 11.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction that occurred on 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 completion of the sale, 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 77,154 shares of company stock valued at $5,793,869. Company 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.