Uber Technologies, Inc. (NYSE:UBER) Stake Increased by Kerrisdale Advisers LLC

Kerrisdale Advisers LLC increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 74.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 22,215 shares of the ride-sharing company’s stock after purchasing an additional 9,510 shares during the quarter. Kerrisdale Advisers LLC’s holdings in Uber Technologies were worth $1,340,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of UBER. Polianta Ltd purchased a new stake in shares of Uber Technologies in the fourth quarter worth approximately $1,206,000. Allworth Financial LP lifted its position in Uber Technologies by 8.9% in the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock worth $1,229,000 after buying an additional 1,663 shares in the last quarter. Lecap Asset Management Ltd. acquired a new stake in shares of Uber Technologies during the 4th quarter valued at $3,188,000. Mirador Capital Partners LP grew its holdings in shares of Uber Technologies by 40.4% during the 4th quarter. Mirador Capital Partners LP now owns 85,214 shares of the ride-sharing company’s stock valued at $5,140,000 after acquiring an additional 24,520 shares in the last quarter. Finally, Tri Ri Asset Management Corp bought a new stake in Uber Technologies in the third quarter worth $8,243,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Uber Technologies

In other 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 transaction of $2,511,620.00. Following the completion of the sale, the insider now owns 86,973 shares in the company, valued at $7,046,552.46. The trade was a 26.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Tony West sold 23,404 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the sale, the insider now owns 114,241 shares of the company’s stock, valued at $8,027,715.07. This represents a 17.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,154 shares of company stock valued at $5,793,869 over the last quarter. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

Uber Technologies stock opened at $73.82 on Thursday. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The firm has a market cap of $154.42 billion, a P/E ratio of 16.19, a P/E/G ratio of 0.89 and a beta of 1.37. 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 business’s fifty day moving average is $73.70 and its two-hundred day moving average is $71.46.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Equities research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on UBER. Fox Advisors cut Uber Technologies from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 11th. Arete Research upgraded Uber Technologies to a “hold” rating in a report on Tuesday, February 18th. Evercore ISI dropped their target price on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Piper Sandler restated an “overweight” rating and set a $87.00 price target (up from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Finally, DA Davidson cut their price objective on Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $89.81.

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.