Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Ieq Capital LLC

Ieq Capital LLC lifted its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 16.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 309,016 shares of the ride-sharing company's stock after buying an additional 44,690 shares during the period. Ieq Capital LLC's holdings in Uber Technologies were worth $18,640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Avion Wealth lifted its holdings in Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after acquiring an additional 218 shares during the period. 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 buying an additional 223 shares during the last quarter. Financial Management Professionals Inc. grew its position in Uber Technologies by 104.1% during the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company's stock valued at $37,000 after buying an additional 252 shares during the period. Retirement Wealth Solutions LLC purchased a new stake in Uber Technologies during the fourth quarter valued at approximately $35,000. Finally, Kieckhefer Group LLC bought a new position in Uber Technologies in the fourth quarter worth approximately $33,000. Institutional investors own 80.24% of the company's stock.

Wall Street Analyst Weigh In

UBER has been the subject of several analyst reports. Citizens Jmp lowered Uber Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Wolfe Research upped their price target on Uber Technologies from $90.00 to $92.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Tigress Financial lifted their price objective on Uber Technologies from $96.00 to $103.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Citigroup cut their price objective on Uber Technologies from $98.00 to $92.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $80.00 target price on shares of Uber Technologies in a research note on Thursday, February 6th. Eight analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Uber Technologies has a consensus rating of "Moderate Buy" and an average target price of $90.91.

Uber Technologies Stock Down 2.6 %

Uber Technologies stock traded down $2.13 during mid-day trading on Friday, reaching $79.13. 16,411,511 shares of the company were exchanged, compared to its average volume of 28,652,051. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The firm has a market cap of $165.31 billion, a P/E ratio of 17.33, a PEG ratio of 0.89 and a beta of 1.39. The business has a fifty day moving average of $67.67 and a 200 day moving average of $71.11. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share 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%. Research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 86,973 shares of the company's stock, valued at $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 3.84% of the company's stock.

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.