Blue Rock Wealth Management LLC Takes Position in Uber Technologies, Inc. (NYSE:UBER)

Blue Rock Wealth Management LLC bought a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 5,400 shares of the ride-sharing company's stock, valued at approximately $326,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Avion Wealth boosted its position in Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after purchasing an additional 218 shares during the period. Transce3nd LLC acquired a new stake in shares of Uber Technologies in the fourth quarter worth $27,000. Runnymede Capital Advisors Inc. bought a new stake in shares of Uber Technologies during the 4th quarter worth $28,000. GHP Investment Advisors Inc. grew its stake in Uber Technologies by 85.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock valued at $29,000 after buying an additional 223 shares during the last quarter. Finally, Kieckhefer Group LLC bought a new position in Uber Technologies in the 4th quarter worth $33,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on UBER shares. Evercore ISI lowered their target price on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. Royal Bank of Canada restated an "outperform" rating and issued a $82.00 price objective on shares of Uber Technologies in a research note on Thursday, February 6th. UBS Group reiterated a "buy" rating on shares of Uber Technologies in a research note on Friday, February 21st. JPMorgan Chase & Co. decreased their price target on shares of Uber Technologies from $90.00 to $80.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $96.00 price objective on shares of Uber Technologies in a research report on Thursday, January 2nd. 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 stock. According to MarketBeat, Uber Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.81.

Uber Technologies Stock Performance

Shares of Uber Technologies stock traded up $3.39 during trading on Friday, reaching $84.28. The company's stock had a trading volume of 22,376,033 shares, compared to its average volume of 20,259,130. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The business's 50-day moving average price is $73.83 and its 200-day moving average price is $71.46. 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 $176.30 billion, a PE ratio of 18.48, a P/E/G ratio of 0.89 and a beta of 1.37.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating 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 analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was 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 directly owns 86,973 shares in the company, valued at $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Nikki Krishnamurthy sold 20,000 shares of Uber Technologies stock in a transaction on Friday, March 14th. The shares were sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the transaction, the senior vice president now owns 361,908 shares in the company, valued at approximately $25,901,755.56. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,154 shares of company stock worth $5,793,869 in the last 90 days. Company insiders own 3.70% 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.