Stamos Capital Partners L.P. Has $1.99 Million Stake in Uber Technologies, Inc. (NYSE:UBER)

Stamos Capital Partners L.P. lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 67.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,050 shares of the ride-sharing company's stock after buying an additional 13,270 shares during the period. Stamos Capital Partners L.P.'s holdings in Uber Technologies were worth $1,994,000 at the end of the most recent quarter.

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

Insider Activity

In other news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction 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 transaction, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the sale, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. This represents a 11.04 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 77,154 shares of company stock valued at $5,793,869. 3.84% of the stock is currently owned by corporate insiders.

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Uber Technologies Price Performance

NYSE:UBER traded up $0.97 on Tuesday, hitting $74.07. The company had a trading volume of 13,754,270 shares, compared to its average volume of 20,339,184. The firm has a 50 day moving average of $74.19 and a two-hundred day moving average of $71.44. The stock has a market capitalization of $154.94 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 0.89 and a beta of 1.37. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. 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 (NYSE:UBER - Get Free Report) last announced 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%. On average, research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analysts Set New Price Targets

UBER has been the topic of several research analyst reports. UBS Group reissued a "buy" rating on shares of Uber Technologies in a research report on Friday, February 21st. DA Davidson cut their price objective on shares of Uber Technologies from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. The Goldman Sachs Group restated a "buy" rating and set a $96.00 price objective on shares of Uber Technologies in a report on Thursday, January 2nd. Citizens Jmp cut Uber Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Finally, Wells Fargo & Company boosted their price target on Uber Technologies from $87.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, April 3rd. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $89.81.

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.