NEOS Investment Management LLC Acquires 29,866 Shares of Uber Technologies, Inc. (NYSE:UBER)

NEOS Investment Management LLC grew its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 31.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 124,484 shares of the ride-sharing company's stock after buying an additional 29,866 shares during the quarter. NEOS Investment Management LLC's holdings in Uber Technologies were worth $7,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Avion Wealth raised its holdings in Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after acquiring an additional 218 shares during the period. Runnymede Capital Advisors Inc. acquired a new stake in shares of Uber Technologies in the fourth quarter valued at about $28,000. GHP Investment Advisors Inc. increased its stake in shares of Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock worth $29,000 after purchasing an additional 223 shares during the period. Kieckhefer Group LLC acquired a new position in shares of Uber Technologies during the 4th quarter worth about $33,000. Finally, Retirement Wealth Solutions LLC bought a new stake in Uber Technologies during the 4th quarter valued at approximately $35,000. Institutional investors own 80.24% of the company's stock.

Wall Street Analyst Weigh In

UBER has been the subject of a number of research analyst reports. Arete Research raised Uber Technologies to a "hold" rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. reduced their price target on shares of Uber Technologies from $95.00 to $90.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Cantor Fitzgerald restated an "overweight" rating and set a $80.00 price objective on shares of Uber Technologies in a report on Thursday, February 6th. Citigroup cut their price objective on shares of Uber Technologies from $98.00 to $92.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Finally, Citizens Jmp downgraded Uber Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. Ten research 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 has an average rating of "Moderate Buy" and a consensus price target of $90.31.

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Uber Technologies Trading Down 2.9 %

NYSE:UBER traded down $2.15 during trading hours on Friday, hitting $72.71. 11,255,568 shares of the stock were exchanged, compared to its average volume of 20,097,389. The company has a market capitalization of $152.09 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The company's 50 day moving average is $73.44 and its two-hundred day moving average is $71.75. 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 issued its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate 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 anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the transaction, the chief financial officer now 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 filing with the SEC, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 31,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the transaction, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 77,154 shares of company stock worth $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.