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

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

A number of other institutional investors have also recently bought and sold shares of UBER. Polar Asset Management Partners Inc. acquired a new position in Uber Technologies in the 4th quarter valued at approximately $33,254,000. Great Valley Advisor Group Inc. increased its position in shares of Uber Technologies by 7.2% during the 4th quarter. Great Valley Advisor Group Inc. now owns 47,831 shares of the ride-sharing company's stock worth $2,885,000 after purchasing an additional 3,220 shares in the last quarter. United Advisor Group LLC grew its holdings in Uber Technologies by 3.6% during the 4th quarter. United Advisor Group LLC now owns 4,367 shares of the ride-sharing company's stock worth $263,000 after acquiring an additional 153 shares during the period. Challenger Wealth Management acquired a new position in Uber Technologies during the fourth quarter valued at approximately $241,000. Finally, Ascent Group LLC grew its position in shares of Uber Technologies by 3.4% in the 4th quarter. Ascent Group LLC now owns 22,439 shares of the ride-sharing company's stock valued at $1,354,000 after purchasing an additional 737 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. DA Davidson raised their price objective on shares of Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Arete Research upgraded shares of Uber Technologies to a "hold" rating in a report on Tuesday, February 18th. Piper Sandler reiterated an "overweight" rating and issued a $87.00 price target (up previously from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Truist Financial increased their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a research report on Thursday, March 6th. Finally, Benchmark reiterated a "hold" rating on shares of Uber Technologies in a research report on Friday, January 31st. Eleven 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.com, Uber Technologies presently has an average rating of "Moderate Buy" and an average price target of $93.91.

Uber Technologies Stock Down 4.5%

NYSE UBER traded down $4.00 during trading hours on Thursday, hitting $84.26. 24,394,278 shares of the company were exchanged, compared to its average volume of 20,447,515. The company has a 50 day moving average of $79.01 and a two-hundred day moving average of $72.83. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $93.60. The firm has a market cap of $176.20 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 0.89 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the prior year, the firm posted ($0.32) EPS. The company's quarterly revenue was up 13.8% compared to the same quarter last year. Equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In related news, SVP Nikki Krishnamurthy sold 20,000 shares of the firm's stock in a transaction that occurred 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 sale, the senior vice president now directly owns 361,908 shares of the company's stock, valued at approximately $25,901,755.56. This trade represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the transaction, the insider now owns 114,241 shares in the company, valued at $8,027,715.07. The trade was a 17.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 83,788 shares of company stock worth $6,517,070 over the last three months. 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.