Tower Research Capital LLC TRC Has $8.18 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Tower Research Capital LLC TRC increased its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 157.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 135,614 shares of the ride-sharing company's stock after buying an additional 82,860 shares during the period. Tower Research Capital LLC TRC's holdings in Uber Technologies were worth $8,180,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in UBER. Timelo Investment Management Inc. bought a new position in shares of Uber Technologies during the fourth quarter worth about $1,508,000. Transce3nd LLC acquired a new position in shares of Uber Technologies in the 4th quarter worth approximately $27,000. Tradition Wealth Management LLC increased its holdings in shares of Uber Technologies by 33.2% in the 4th quarter. Tradition Wealth Management LLC now owns 18,176 shares of the ride-sharing company's stock valued at $1,096,000 after acquiring an additional 4,530 shares during the last quarter. Trajan Wealth LLC raised its position in shares of Uber Technologies by 4.2% during the 4th quarter. Trajan Wealth LLC now owns 193,668 shares of the ride-sharing company's stock valued at $11,682,000 after acquiring an additional 7,829 shares in the last quarter. Finally, Seaview Investment Managers LLC bought a new position in Uber Technologies during the fourth quarter worth $8,778,000. 80.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on UBER shares. Citigroup dropped their target price on shares of Uber Technologies from $98.00 to $92.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Truist Financial increased their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. Arete Research upgraded Uber Technologies to a "hold" rating in a research note on Tuesday, February 18th. Cantor Fitzgerald reissued an "overweight" rating and issued a $80.00 price target on shares of Uber Technologies in a report on Wednesday, April 16th. Finally, Piper Sandler restated an "overweight" rating and set a $87.00 price objective (up from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.81.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,000 shares of the 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 $7,046,552.46. This represents a 26.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Thursday, March 20th. The shares were 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 of the company's stock, valued at approximately $1,662,150. The trade was a 11.04 % decrease in their position. 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. 3.84% of the stock is owned by insiders.

Uber Technologies Stock Down 0.8 %

Shares of Uber Technologies stock traded down $0.62 during midday trading on Wednesday, hitting $73.82. The company's stock had a trading volume of 22,734,939 shares, compared to its average volume of 20,329,442. The firm has a market capitalization of $154.42 billion, a P/E ratio of 16.19, a PEG ratio of 0.89 and a beta of 1.37. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. 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 stock has a 50-day simple moving average of $73.81 and a 200-day simple moving average of $71.45.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share 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%. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

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.