Chancellor Financial Group WB LP Invests $223,000 in Uber Technologies, Inc. (NYSE:UBER)

Chancellor Financial Group WB LP purchased a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,689 shares of the ride-sharing company's stock, valued at approximately $223,000.

A number of other hedge funds and other institutional investors have also modified their holdings of UBER. Brighton Jones LLC grew its holdings in shares of Uber Technologies by 3.4% in the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after buying an additional 2,474 shares during the period. Pacer Advisors Inc. grew its holdings in shares of Uber Technologies by 47.6% in the 4th quarter. Pacer Advisors Inc. now owns 243,269 shares of the ride-sharing company's stock valued at $14,674,000 after buying an additional 78,459 shares during the period. Mount Yale Investment Advisors LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at $608,000. Revolve Wealth Partners LLC grew its holdings in shares of Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after buying an additional 6,129 shares during the period. Finally, BSW Wealth Partners grew its holdings in shares of Uber Technologies by 2.1% in the 4th quarter. BSW Wealth Partners now owns 10,132 shares of the ride-sharing company's stock valued at $611,000 after buying an additional 207 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Buying and Selling at Uber Technologies

In related news, 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 transaction of $1,431,400.00. Following the completion of the transaction, the senior vice president now owns 361,908 shares of the company's stock, valued at $25,901,755.56. This trade represents a 5.24% decrease in their ownership of the stock. The sale was disclosed in a 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 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. Insiders have sold 83,788 shares of company stock worth $6,517,070 over the last quarter. Corporate insiders own 3.84% of the company's stock.

Uber Technologies Price Performance

Uber Technologies stock traded down $0.30 during mid-day trading on Friday, reaching $84.00. The company had a trading volume of 29,036,834 shares, compared to its average volume of 20,590,489. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $93.60. 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 company has a market cap of $175.66 billion, a P/E ratio of 18.42, a P/E/G ratio of 0.89 and a beta of 1.43. The business has a fifty day simple moving average of $79.34 and a 200 day simple moving average of $73.03.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share 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 firm had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same quarter last year, the business posted ($0.32) earnings per share. The company's quarterly revenue was up 13.8% on a year-over-year basis. On average, equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on UBER shares. Evercore ISI cut their price objective on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. UBS Group boosted their price objective on shares of Uber Technologies from $103.00 to $107.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Needham & Company LLC reissued a "buy" rating and set a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, May 7th. Citigroup boosted their price target on shares of Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, Fox Advisors cut shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, March 11th. Eleven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $93.91.

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.