Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Sterling Investment Counsel LLC

Sterling Investment Counsel LLC lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 107.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,195 shares of the ride-sharing company's stock after purchasing an additional 3,720 shares during the period. Sterling Investment Counsel LLC's holdings in Uber Technologies were worth $434,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Kieckhefer Group LLC bought a new position in shares of Uber Technologies in the fourth quarter valued at approximately $33,000. Retirement Wealth Solutions LLC purchased a new stake in Uber Technologies in the fourth quarter worth $35,000. Financial Management Professionals Inc. raised its stake in Uber Technologies by 104.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company's stock valued at $37,000 after acquiring an additional 252 shares during the period. Transcendent Capital Group LLC lifted its stake in shares of Uber Technologies by 3,928.6% during the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company's stock valued at $42,000 after buying an additional 550 shares in the last quarter. Finally, Fortitude Family Office LLC grew its holdings in Uber Technologies by 84.7% during the 3rd quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company's stock valued at $45,000 after buying an additional 276 shares in the last quarter. 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 stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the sale, the insider now owns 107,289 shares of the company's stock, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wolfe Research lifted their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. BMO Capital Markets restated an "outperform" rating and issued a $92.00 price objective on shares of Uber Technologies in a research report on Friday, October 11th. Jefferies Financial Group lifted their price objective on Uber Technologies from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Needham & Company LLC restated a "buy" rating and set a $90.00 price target on shares of Uber Technologies in a report on Monday. Finally, Gordon Haskett raised shares of Uber Technologies from a "hold" rating to a "buy" rating and set a $85.00 price target on the stock in a report on Thursday, October 31st. Seven investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Uber Technologies has an average rating of "Moderate Buy" and an average price target of $91.08.

Uber Technologies Trading Down 1.0 %

UBER traded down $0.69 on Tuesday, reaching $68.08. 24,585,248 shares of the company traded hands, compared to its average volume of 24,783,721. The company has a market cap of $143.35 billion, a P/E ratio of 33.87, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The firm has a fifty day simple moving average of $65.86 and a two-hundred day simple moving average of $70.26.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.79. The firm had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. Uber Technologies's quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.10 earnings per share. As a group, equities research analysts expect that Uber Technologies, Inc. will post 1.86 earnings per share 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.