Probity Advisors Inc. Purchases 3,685 Shares of Uber Technologies, Inc. (NYSE:UBER)

Probity Advisors Inc. boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 118.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,786 shares of the ride-sharing company's stock after buying an additional 3,685 shares during the quarter. Probity Advisors Inc.'s holdings in Uber Technologies were worth $409,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UBER. Allworth Financial LP raised its holdings in Uber Technologies by 8.9% in the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company's stock worth $1,229,000 after purchasing an additional 1,663 shares in the last quarter. Lecap Asset Management Ltd. bought a new position in Uber Technologies in the 4th quarter worth $3,188,000. Clark Capital Management Group Inc. raised its holdings in Uber Technologies by 11,354.8% in the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock worth $24,280,000 after purchasing an additional 399,008 shares in the last quarter. Baader Bank Aktiengesellschaft raised its holdings in Uber Technologies by 1,705.2% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 56,592 shares of the ride-sharing company's stock worth $3,414,000 after purchasing an additional 53,457 shares in the last quarter. Finally, Greenwood Capital Associates LLC raised its holdings in Uber Technologies by 6.4% in the 4th quarter. Greenwood Capital Associates LLC now owns 84,658 shares of the ride-sharing company's stock worth $5,107,000 after purchasing an additional 5,095 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Stock Performance

Shares of NYSE UBER traded down $0.30 during trading on Friday, reaching $84.00. 29,036,834 shares of the company traded hands, compared to its average volume of 20,577,416. The firm has a 50 day simple moving average of $79.34 and a 200-day simple moving average of $73.01. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $175.66 billion, a PE ratio of 18.42, a P/E/G ratio of 0.89 and a beta of 1.43. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $93.60.

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on UBER shares. Wedbush lowered shares of Uber Technologies from an "outperform" rating to a "neutral" rating and upped their price objective for the stock from $80.00 to $85.00 in a report on Thursday, May 8th. Arete Research upgraded shares of Uber Technologies to a "hold" rating in a research note on Tuesday, February 18th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $80.00 price target on shares of Uber Technologies in a research note on Wednesday, April 16th. Benchmark reiterated a "hold" rating on shares of Uber Technologies in a research note on Friday, January 31st. Finally, Piper Sandler reiterated an "overweight" rating and issued a $87.00 price target (up from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Eleven research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Uber Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $93.91.

Insider Activity

In related news, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction that occurred 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 transaction, the insider now owns 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Tony West sold 23,404 shares of the firm's stock in a transaction that occurred 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 transaction, the insider now directly owns 114,241 shares in the company, valued at approximately $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 a total of 83,788 shares of company stock valued at $6,517,070 in the last 90 days. 3.84% of the stock is currently owned by insiders.

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.