United Capital Management of KS Inc. raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 61.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,072 shares of the ride-sharing company’s stock after purchasing an additional 12,980 shares during the period. United Capital Management of KS Inc.’s holdings in Uber Technologies were worth $3,338,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in UBER. Foster Group Inc. grew its position in Uber Technologies by 3.3% during the third quarter. Foster Group Inc. now owns 3,364 shares of the ride-sharing company’s stock valued at $330,000 after acquiring an additional 107 shares during the period. Sage Rhino Capital LLC raised its holdings in Uber Technologies by 4.2% in the third quarter. Sage Rhino Capital LLC now owns 2,740 shares of the ride-sharing company’s stock valued at $268,000 after buying an additional 110 shares during the period. Quent Capital LLC lifted its position in Uber Technologies by 3.3% during the third quarter. Quent Capital LLC now owns 3,504 shares of the ride-sharing company’s stock valued at $343,000 after buying an additional 111 shares in the last quarter. Advisors Capital Management LLC grew its stake in Uber Technologies by 1.8% during the third quarter. Advisors Capital Management LLC now owns 6,398 shares of the ride-sharing company’s stock worth $627,000 after buying an additional 111 shares during the period. Finally, Emergent Wealth Advisors LLC increased its position in shares of Uber Technologies by 0.7% in the third quarter. Emergent Wealth Advisors LLC now owns 17,361 shares of the ride-sharing company’s stock worth $1,701,000 after acquiring an additional 114 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.
Uber Technologies Stock Performance
Uber Technologies stock opened at $75.31 on Friday. Uber Technologies, Inc. has a 52 week low of $60.63 and a 52 week high of $101.99. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. The stock has a market cap of $155.00 billion, a P/E ratio of 15.99, a price-to-earnings-growth ratio of 7.03 and a beta of 1.22. The stock has a 50 day moving average of $78.67 and a 200-day moving average of $87.48.
Insider Activity at Uber Technologies
In related news, insider Tony West sold 3,125 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $83.50, for a total transaction of $260,937.50. Following the sale, the insider directly owned 176,584 shares of the company’s stock, valued at approximately $14,744,764. This represents a 1.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Balaji (A) Krishnamurthy acquired 22,453 shares of Uber Technologies stock in a transaction that occurred on Tuesday, February 24th. The shares were purchased at an average price of $71.25 per share, for a total transaction of $1,599,776.25. Following the completion of the purchase, the chief financial officer directly owned 28,742 shares of the company’s stock, valued at $2,047,867.50. The trade was a 357.02% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 3.84% of the company’s stock.
Analyst Ratings Changes
Several brokerages recently issued reports on UBER. Royal Bank Of Canada reiterated an “outperform” rating and issued a $105.00 price target on shares of Uber Technologies in a report on Thursday, February 5th. UBS Group set a $111.00 target price on Uber Technologies in a research note on Monday, February 2nd. Guggenheim reduced their price target on Uber Technologies from $135.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Citigroup lowered their price objective on shares of Uber Technologies from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Uber Technologies in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $104.53.
Check Out Our Latest Report on UBER
Uber Technologies Profile
Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.
Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.
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