Nemes Rush Group LLC Buys 4,652 Shares of Uber Technologies, Inc. (NYSE:UBER)

Nemes Rush Group LLC raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 24.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,659 shares of the ride-sharing company's stock after buying an additional 4,652 shares during the period. Nemes Rush Group LLC's holdings in Uber Technologies were worth $1,427,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of UBER. Glenmede Trust Co. NA raised its position in Uber Technologies by 29.5% during the third quarter. Glenmede Trust Co. NA now owns 24,941 shares of the ride-sharing company's stock valued at $1,875,000 after acquiring an additional 5,684 shares in the last quarter. Edgestream Partners L.P. bought a new position in shares of Uber Technologies during the 3rd quarter valued at $760,000. Kestra Investment Management LLC acquired a new stake in shares of Uber Technologies in the 3rd quarter valued at $392,000. Benjamin Edwards Inc. boosted its holdings in Uber Technologies by 4,968.4% in the third quarter. Benjamin Edwards Inc. now owns 37,506 shares of the ride-sharing company's stock worth $2,819,000 after purchasing an additional 36,766 shares in the last quarter. Finally, Ascent Group LLC increased its position in Uber Technologies by 5.1% during the third quarter. Ascent Group LLC now owns 21,702 shares of the ride-sharing company's stock worth $1,631,000 after buying an additional 1,048 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Price Performance

Shares of UBER stock traded up $0.17 during trading hours on Tuesday, hitting $73.03. The company had a trading volume of 16,868,970 shares, compared to its average volume of 20,099,981. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. 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's fifty day moving average is $73.66 and its 200 day moving average is $71.80. The firm has a market capitalization of $152.77 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 0.89 and a beta of 1.39.

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Uber Technologies (NYSE:UBER - Get Free Report) last announced 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 return on equity of 62.60% and a net margin of 22.41%. On average, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on UBER. Citizens Jmp downgraded Uber Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Truist Financial upped their target price on Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. Royal Bank of Canada reissued an "outperform" rating and issued a $82.00 price target on shares of Uber Technologies in a research report on Thursday, February 6th. Wells Fargo & Company decreased their price objective on shares of Uber Technologies from $90.00 to $87.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Finally, JMP Securities reiterated a "market perform" rating on shares of Uber Technologies in a research note on Thursday, February 6th. Ten 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $90.31.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 31,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was 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 directly owns 86,973 shares of the company's stock, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Tony West sold 23,404 shares of the business's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the transaction, the insider now directly owns 114,241 shares in the company, valued at approximately $8,027,715.07. This represents a 17.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,154 shares of company stock worth $5,793,869 in the last quarter. 3.84% of the stock is owned by corporate insiders.

Uber Technologies 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.