Sanders Morris Harris LLC Buys Shares of 23,500 Uber Technologies, Inc. (NYSE:UBER)

Sanders Morris Harris LLC bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 23,500 shares of the ride-sharing company's stock, valued at approximately $1,437,000.

Several other institutional investors and hedge funds also recently modified their holdings of UBER. Kieckhefer Group LLC purchased a new stake in shares of Uber Technologies in the fourth quarter valued at $33,000. Financial Management Professionals Inc. raised its stake in Uber Technologies by 104.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company's stock valued at $37,000 after purchasing an additional 252 shares during the last quarter. Transcendent Capital Group LLC boosted its stake in shares of Uber Technologies by 3,928.6% during the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company's stock worth $42,000 after purchasing an additional 550 shares during the last quarter. Fortitude Family Office LLC grew its holdings 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 in the last quarter. Finally, ORG Partners LLC raised its position in shares of Uber Technologies by 142.9% in the third quarter. ORG Partners LLC now owns 651 shares of the ride-sharing company's stock valued at $49,000 after buying an additional 383 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Analyst Upgrades and Downgrades

UBER has been the topic of a number of analyst reports. UBS Group raised their target price on shares of Uber Technologies from $102.00 to $114.00 and gave the stock a "buy" rating in a research report on Friday, October 18th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $96.00 price objective on shares of Uber Technologies in a research report on Thursday, January 2nd. JMP Securities downgraded Uber Technologies from an "outperform" rating to a "market perform" rating and set a $95.00 target price on the stock. in a research report on Thursday, January 2nd. Gordon Haskett raised Uber Technologies from a "hold" rating to a "buy" rating and set a $85.00 price target on the stock in a research note on Thursday, October 31st. Finally, BMO Capital Markets reaffirmed an "outperform" rating and set a $92.00 price objective on shares of Uber Technologies in a research note on Friday, October 11th. Seven research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $91.53.

Uber Technologies Stock Up 2.3 %

UBER traded up $1.56 on Thursday, reaching $68.58. The company's stock had a trading volume of 28,985,604 shares, compared to its average volume of 27,941,891. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The business's 50 day moving average is $66.34 and its 200 day moving average is $70.39. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market cap of $144.41 billion, a price-to-earnings ratio of 34.12, a price-to-earnings-growth ratio of 0.71 and a beta of 1.36.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.41 by $0.79. The company had revenue of $11.19 billion during the quarter, compared to analysts' expectations of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business's revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 EPS. As a group, research analysts forecast that Uber Technologies, Inc. will post 1.9 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the sale, the insider now directly owns 107,289 shares of the company's stock, valued at $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.80% of the stock is currently owned by 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.