ELCO Management Co. LLC Grows Position in Uber Technologies, Inc. (NYSE:UBER)

ELCO Management Co. LLC boosted its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 162.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,487 shares of the ride-sharing company's stock after acquiring an additional 10,827 shares during the period. ELCO Management Co. LLC's holdings in Uber Technologies were worth $1,055,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UBER. Teachers Retirement System of The State of Kentucky raised its position in shares of Uber Technologies by 4.4% in 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. Polianta Ltd purchased a new stake in shares of Uber Technologies during the fourth quarter worth $1,206,000. Allworth Financial LP boosted its holdings in shares of Uber Technologies by 8.9% in the fourth quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company's stock worth $1,229,000 after acquiring an additional 1,663 shares during the period. Brophy Wealth Management LLC bought a new stake in shares of Uber Technologies during the 3rd quarter valued at $1,041,000. Finally, Lecap Asset Management Ltd. bought a new position in Uber Technologies in the 4th quarter worth about $3,188,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value 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 approximately $7,046,552.46. The trade was a 26.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Thursday, March 20th. The stock was 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 directly owns 22,162 shares of the company's stock, valued at $1,662,150. The trade was a 11.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,154 shares of company stock valued at $5,793,869 in the last three months. 3.84% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company increased their price target on shares of Uber Technologies from $87.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, April 3rd. Royal Bank of Canada restated an "outperform" rating and set a $82.00 price target on shares of Uber Technologies in a research report on Thursday, February 6th. Arete Research raised shares of Uber Technologies to a "hold" rating in a report on Tuesday, February 18th. Piper Sandler reissued an "overweight" rating and set a $87.00 price objective (up previously from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $80.00 target price on shares of Uber Technologies in a research note on Thursday, February 6th. 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, the company has an average rating of "Moderate Buy" and a consensus price target of $89.97.

Uber Technologies Stock Up 1.9 %

Uber Technologies stock traded up $1.32 during trading hours on Friday, hitting $72.26. 16,265,909 shares of the stock traded hands, compared to its average volume of 20,379,883. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The firm's 50-day moving average price is $73.94 and its two-hundred day moving average price is $71.44. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The company has a market cap of $151.15 billion, a PE ratio of 15.85, a PEG ratio of 0.89 and a beta of 1.37.

Uber Technologies (NYSE:UBER - Get Free Report) last released 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 return on equity of 62.60% and a net margin of 22.41%. On average, research analysts forecast 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.