Lincoln National Corp Purchases 4,797 Shares of Uber Technologies, Inc. (NYSE:UBER)

Lincoln National Corp grew its holdings in Uber Technologies, Inc. (NYSE:UBER) by 15.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,204 shares of the ride-sharing company’s stock after acquiring an additional 4,797 shares during the quarter. Lincoln National Corp’s holdings in Uber Technologies were worth $2,229,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. CVA Family Office LLC bought a new position in Uber Technologies in the 4th quarter valued at $30,000. Highlander Capital Management LLC grew its position in shares of Uber Technologies by 100.0% in the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after purchasing an additional 250 shares during the last quarter. Bfsg LLC bought a new position in Uber Technologies during the 4th quarter worth $31,000. Blue Bell Private Wealth Management LLC increased its position in Uber Technologies by 49.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after acquiring an additional 174 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group raised its position in shares of Uber Technologies by 82.9% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 578 shares of the ride-sharing company’s stock valued at $36,000 after buying an additional 262 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on UBER. Mizuho increased their target price on Uber Technologies from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Wells Fargo & Company raised their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Truist Financial upped their price target on shares of Uber Technologies from $90.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. Jefferies Financial Group boosted their price objective on shares of Uber Technologies from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Finally, KeyCorp raised their target price on Uber Technologies from $79.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $81.65.

Uber Technologies Trading Down 8.4 %

NYSE UBER traded down $5.90 during mid-day trading on Wednesday, reaching $64.53. 33,910,292 shares of the stock were exchanged, compared to its average volume of 19,965,520. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market cap of $134.31 billion, a P/E ratio of 75.63, a P/E/G ratio of 1.09 and a beta of 1.39. The stock has a 50 day simple moving average of $75.03 and a 200-day simple moving average of $65.83. Uber Technologies, Inc. has a one year low of $37.07 and a one year high of $82.14.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.50. The company had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.76 billion. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The firm’s revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 EPS. On average, analysts anticipate that Uber Technologies, Inc. will post 1.23 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In related news, insider Tony West sold 18,750 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the transaction, the insider now owns 185,566 shares in the company, valued at approximately $13,004,465.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the transaction, the insider now owns 107,290 shares in the company, valued at $8,350,380.70. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Tony West sold 18,750 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the sale, the insider now owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The disclosure for this sale can be found here. Insiders own 3.80% of the company’s stock.

About Uber Technologies

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.