KLCM Advisors Inc. Acquires Shares of 4,020 Uber Technologies, Inc. (NYSE:UBER)

KLCM Advisors Inc. acquired a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,020 shares of the ride-sharing company's stock, valued at approximately $293,000.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC increased its position in shares of Uber Technologies by 3.4% during the fourth 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. Revolve Wealth Partners LLC increased its position in shares of Uber Technologies by 65.0% during the fourth 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. Bank Pictet & Cie Europe AG purchased a new position in shares of Uber Technologies during the fourth quarter valued at about $395,000. Townsquare Capital LLC increased its position in shares of Uber Technologies by 17.5% during the fourth quarter. Townsquare Capital LLC now owns 33,001 shares of the ride-sharing company's stock valued at $1,991,000 after buying an additional 4,908 shares during the period. Finally, Sagespring Wealth Partners LLC purchased a new position in shares of Uber Technologies during the fourth quarter valued at about $433,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insider Activity

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the transaction, the chief financial officer owned 21,975 shares in the company, valued at $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.84% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on UBER. Sanford C. Bernstein boosted their price target on Uber Technologies from $95.00 to $110.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. BMO Capital Markets boosted their price target on Uber Technologies from $101.00 to $113.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. Stifel Nicolaus boosted their price target on Uber Technologies from $110.00 to $117.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Finally, JPMorgan Chase & Co. upped their price objective on Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Eleven equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $102.82.

Uber Technologies Trading Down 0.8%

UBER opened at $90.97 on Thursday. The firm has a market cap of $189.71 billion, a P/E ratio of 15.50, a P/E/G ratio of 1.05 and a beta of 1.43. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $97.71. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The stock has a 50-day moving average of $89.92 and a 200 day moving average of $81.54.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.61 by $0.02. The company had revenue of $12.65 billion during the quarter, compared to analyst estimates of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%. The firm's revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the business posted $0.47 earnings per share. As a group, research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.

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