Brick & Kyle Associates Takes Position in Uber Technologies, Inc. (NYSE:UBER)

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

Other hedge funds have also added to or reduced their stakes in the company. Fourth Dimension Wealth LLC acquired a new stake in shares of Uber Technologies during the 4th quarter valued at $27,000. Avion Wealth grew its position in shares of Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after buying an additional 218 shares during the last quarter. Transce3nd LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at about $27,000. Runnymede Capital Advisors Inc. acquired a new stake in Uber Technologies during the 4th quarter valued at approximately $28,000. Finally, GHP Investment Advisors Inc. raised its holdings in Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock worth $29,000 after purchasing an additional 223 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. UBS Group lifted their price objective on shares of Uber Technologies from $103.00 to $107.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Wedbush cut shares of Uber Technologies from an "outperform" rating to a "neutral" rating and raised their price target for the company from $80.00 to $85.00 in a research report on Thursday, May 8th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $82.00 target price on shares of Uber Technologies in a research report on Monday, May 5th. Loop Capital reiterated a "buy" rating and set a $105.00 price target (up from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Finally, Evercore ISI reduced their target price on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. Eleven equities 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $93.91.

Insiders Place Their Bets

In other news, insider Tony West sold 23,404 shares of the firm's 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 sale, the insider now owns 114,241 shares in the company, valued at $8,027,715.07. This trade represents a 17.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was 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 in the company, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 83,788 shares of company stock worth $6,517,070. Insiders own 3.84% of the company's stock.

Uber Technologies Stock Up 1.4%

Shares of NYSE:UBER traded up $1.25 on Tuesday, hitting $89.00. 17,434,956 shares of the company's stock were exchanged, compared to its average volume of 20,428,867. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $93.60. The company has a market capitalization of $186.11 billion, a PE ratio of 19.52, a P/E/G ratio of 0.89 and a beta of 1.43. The firm's 50-day moving average is $78.47 and its 200 day moving average is $72.61.

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

Uber Technologies Company 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.