Park Avenue Securities LLC Purchases 14,708 Shares of Uber Technologies, Inc. (NYSE:UBER)

Park Avenue Securities LLC increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 15.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 109,353 shares of the ride-sharing company's stock after acquiring an additional 14,708 shares during the quarter. Park Avenue Securities LLC's holdings in Uber Technologies were worth $6,596,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of UBER. Ascent Wealth Partners LLC bought a new position in shares of Uber Technologies during the 3rd quarter valued at approximately $2,087,000. Teachers Retirement System of The State of Kentucky grew its holdings in Uber Technologies by 4.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company's stock valued at $24,180,000 after purchasing an additional 13,433 shares during the period. Aviso Wealth Management purchased a new stake in Uber Technologies in the third quarter worth $2,302,000. Brophy Wealth Management LLC bought a new stake in shares of Uber Technologies in the third quarter valued at $1,041,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Uber Technologies by 9.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,752,471 shares of the ride-sharing company's stock worth $432,356,000 after acquiring an additional 512,591 shares during the period. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the transaction, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.80% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Tigress Financial upped their price objective on shares of Uber Technologies from $96.00 to $103.00 and gave the company a "buy" rating in a report on Monday, November 25th. Evercore ISI raised their price objective on shares of Uber Technologies from $90.00 to $120.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st. Royal Bank of Canada boosted their target price on shares of Uber Technologies from $80.00 to $82.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Wells Fargo & Company dropped their target price on Uber Technologies from $97.00 to $90.00 and set an "overweight" rating on the stock in a research report on Friday, November 1st. Finally, Truist Financial reduced their price target on Uber Technologies from $99.00 to $95.00 and set a "buy" rating for the company in a research report on Friday, November 1st. Seven research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $91.53.

Uber Technologies Trading Up 2.3 %

Shares of NYSE UBER traded up $1.56 during mid-day trading on Thursday, hitting $68.58. The stock had a trading volume of 28,985,604 shares, compared to its average volume of 27,941,891. The business has a 50 day moving average price of $66.34 and a two-hundred day moving average price of $70.39. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market cap of $144.41 billion, a P/E 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 posted its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The company had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. During the same period in the prior year, the business posted $0.10 earnings per share. Uber Technologies's revenue for the quarter was up 20.4% on a year-over-year basis. On average, equities analysts anticipate that Uber Technologies, Inc. will post 1.9 EPS for the current fiscal 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.