Baker Avenue Asset Management LP Boosts Holdings in Uber Technologies, Inc. (NYSE:UBER)

Baker Avenue Asset Management LP lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 26.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 238,172 shares of the ride-sharing company's stock after buying an additional 49,524 shares during the quarter. Baker Avenue Asset Management LP's holdings in Uber Technologies were worth $14,367,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of UBER. World Investment Advisors LLC increased its position in Uber Technologies by 59.8% during the third quarter. World Investment Advisors LLC now owns 11,773 shares of the ride-sharing company's stock worth $885,000 after acquiring an additional 4,405 shares during the period. Synovus Financial Corp increased its holdings in shares of Uber Technologies by 26.1% during the third quarter. Synovus Financial Corp now owns 17,499 shares of the ride-sharing company's stock worth $1,315,000 after purchasing an additional 3,622 shares during the period. Peapack Gladstone Financial Corp raised its position in shares of Uber Technologies by 30.9% in the third quarter. Peapack Gladstone Financial Corp now owns 6,562 shares of the ride-sharing company's stock valued at $494,000 after buying an additional 1,550 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Uber Technologies by 7.1% in the third quarter. Principal Financial Group Inc. now owns 2,460,332 shares of the ride-sharing company's stock valued at $184,919,000 after buying an additional 162,528 shares during the period. Finally, Versant Capital Management Inc grew its position in Uber Technologies by 39.4% during the fourth quarter. Versant Capital Management Inc now owns 1,252 shares of the ride-sharing company's stock worth $76,000 after buying an additional 354 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Trading Up 0.7 %

NYSE UBER traded up $0.63 during trading on Tuesday, hitting $86.06. The company had a trading volume of 30,237,875 shares, compared to its average volume of 20,320,023. The company's fifty day moving average is $74.02 and its 200-day moving average is $71.37. The company has a market cap of $180.03 billion, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping 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, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Transactions at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the transaction, the chief financial officer now directly owns 22,162 shares of the company's stock, valued at $1,662,150. This represents a 11.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jill Hazelbaker sold 31,000 shares of the firm's stock in a transaction dated 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 sale, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. The trade was a 26.28 % 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.

Analyst Ratings Changes

Several analysts have recently issued reports on UBER shares. DA Davidson reduced their target price on Uber Technologies from $84.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Royal Bank of Canada restated an "outperform" rating and issued a $82.00 target price on shares of Uber Technologies in a research report on Monday. Piper Sandler reiterated an "overweight" rating and set a $87.00 price target (up previously from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. UBS Group restated a "buy" rating on shares of Uber Technologies in a research report on Friday, February 21st. Finally, Truist Financial raised their target price on Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Uber Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target 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.