Townsquare Capital LLC Buys 4,908 Shares of Uber Technologies, Inc. (NYSE:UBER)

Townsquare Capital LLC raised its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 17.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,001 shares of the ride-sharing company's stock after acquiring an additional 4,908 shares during the quarter. Townsquare Capital LLC's holdings in Uber Technologies were worth $1,991,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Avion Wealth boosted 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 buying an additional 218 shares during the period. Runnymede Capital Advisors Inc. purchased a new stake in shares of Uber Technologies during the fourth quarter worth $28,000. GHP Investment Advisors Inc. boosted its holdings 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 acquiring an additional 223 shares during the period. Kieckhefer Group LLC purchased a new position in shares of Uber Technologies in the fourth quarter valued at $33,000. Finally, Legacy Investment Solutions LLC raised its stake in shares of Uber Technologies by 3,038.9% during the 4th quarter. Legacy Investment Solutions LLC now owns 565 shares of the ride-sharing company's stock valued at $34,000 after purchasing an additional 547 shares during the period. 80.24% of the stock is owned by institutional investors.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the sale, the chief financial officer now 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $71.57, for a total value of $1,431,400.00. Following the transaction, the senior vice president now directly owns 361,908 shares in the company, valued at $25,901,755.56. The trade was a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 77,154 shares of company stock worth $5,793,869 over the last quarter. 3.84% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on UBER shares. TD Cowen cut their target price on Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Piper Sandler reiterated an "overweight" rating and issued a $87.00 target price (up from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a report on Thursday, February 6th. Wolfe Research lifted their price objective on Uber Technologies from $90.00 to $92.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Finally, Evercore ISI decreased their target price on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Uber Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $89.81.

Uber Technologies Stock Down 1.7 %

UBER stock traded down $1.31 during trading on Monday, hitting $73.93. 2,203,966 shares of the stock traded hands, compared to its average volume of 20,288,877. The stock has a market cap of $154.64 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The firm's 50 day moving average is $74.06 and its two-hundred day moving average is $71.44.

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 the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.