Brick & Kyle Associates Invests $3.18 Million in Uber Technologies, Inc. (NYSE:UBER)

Brick & Kyle Associates purchased a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 52,735 shares of the ride-sharing company's stock, valued at approximately $3,181,000. Uber Technologies comprises about 1.4% of Brick & Kyle Associates' investment portfolio, making the stock its 28th largest position.

A number of other hedge funds have also recently modified their holdings of UBER. Grassi Investment Management increased its position in shares of Uber Technologies by 0.5% in the fourth quarter. Grassi Investment Management now owns 97,925 shares of the ride-sharing company's stock valued at $5,907,000 after acquiring an additional 500 shares during the period. Avior Wealth Management LLC increased its position in shares of Uber Technologies by 3,154.4% in the fourth quarter. Avior Wealth Management LLC now owns 22,032 shares of the ride-sharing company's stock valued at $1,329,000 after acquiring an additional 21,355 shares during the period. Secure Asset Management LLC purchased a new position in shares of Uber Technologies in the fourth quarter valued at about $288,000. Brighton Jones LLC increased its position in shares of Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after acquiring an additional 2,474 shares during the period. Finally, Cornerstone Wealth Management LLC increased its position in shares of Uber Technologies by 11.1% in the fourth quarter. Cornerstone Wealth Management LLC now owns 4,213 shares of the ride-sharing company's stock valued at $254,000 after acquiring an additional 420 shares during the period. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Performance

UBER stock traded down $0.61 during midday trading on Wednesday, reaching $88.39. 13,749,595 shares of the company's stock traded hands, compared to its average volume of 20,402,983. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $93.60. The stock has a market cap of $184.84 billion, a P/E ratio of 19.38, a PEG 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. The stock's 50-day moving average is $78.76 and its 200 day moving average is $72.73.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The business had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. During the same period in the prior year, the company earned ($0.32) earnings per share. The firm's revenue was up 13.8% on a year-over-year basis. As a group, analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Tigress Financial set a $110.00 target price on shares of Uber Technologies and gave the company a "buy" rating in a research note on Friday, May 23rd. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, May 7th. Evercore ISI cut their target price on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. Wells Fargo & Company lifted their target price on shares of Uber Technologies from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Finally, Benchmark reaffirmed a "hold" rating on shares of Uber Technologies in a research note on Friday, January 31st. Eleven research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and an average price target of $93.91.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the sale, the insider now directly owns 102,135 shares of the company's stock, valued at $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Tony West sold 23,404 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the sale, the insider now directly owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. This trade represents a 17.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 83,788 shares of company stock valued at $6,517,070. Insiders own 3.84% 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.