Teza Capital Management LLC Acquires 11,055 Shares of Uber Technologies, Inc. (NYSE:UBER)

Teza Capital Management LLC increased its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 41.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,458 shares of the ride-sharing company's stock after purchasing an additional 11,055 shares during the period. Teza Capital Management LLC's holdings in Uber Technologies were worth $2,259,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Grassi Investment Management lifted its holdings in shares of Uber Technologies by 0.5% during the fourth quarter. Grassi Investment Management now owns 97,925 shares of the ride-sharing company's stock valued at $5,907,000 after purchasing an additional 500 shares in the last quarter. Ritholtz Wealth Management grew its position in shares of Uber Technologies by 3.8% during the fourth quarter. Ritholtz Wealth Management now owns 36,776 shares of the ride-sharing company's stock worth $2,218,000 after purchasing an additional 1,331 shares in the last quarter. Empirical Asset Management LLC purchased a new stake in shares of Uber Technologies during the fourth quarter worth about $704,000. Goldstone Financial Group LLC grew its holdings in Uber Technologies by 17.1% during the 4th quarter. Goldstone Financial Group LLC now owns 3,664 shares of the ride-sharing company's stock valued at $221,000 after buying an additional 536 shares in the last quarter. Finally, Procyon Advisors LLC grew its holdings in Uber Technologies by 13.5% during the 4th quarter. Procyon Advisors LLC now owns 7,177 shares of the ride-sharing company's stock valued at $433,000 after buying an additional 851 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on UBER shares. TD Cowen dropped their target price on Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Raymond James upped their price objective on shares of Uber Technologies from $95.00 to $100.00 and gave the stock a "strong-buy" rating in a research note on Thursday, May 8th. Citigroup upped their price objective on shares of Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Wedbush downgraded shares of Uber Technologies from an "outperform" rating to a "neutral" rating and increased their price target for the stock from $80.00 to $85.00 in a report on Thursday, May 8th. Finally, Evercore ISI dropped 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 note on Thursday, February 6th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $92.69.

Insider Activity

In other news, SVP Nikki Krishnamurthy sold 20,000 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the transaction, the senior vice president now owns 361,908 shares of the company's stock, valued at approximately $25,901,755.56. The trade was a 5.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction 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. The trade was a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 114,788 shares of company stock valued at $9,028,690 in the last ninety days. Corporate insiders own 3.84% of the company's stock.

Uber Technologies Trading Up 1.8%

Shares of Uber Technologies stock opened at $91.80 on Friday. The company's 50-day moving average price is $76.33 and its 200-day moving average price is $71.94. The company has a market cap of $191.96 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 0.89 and a beta of 1.43. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $92.90.

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

Uber Technologies 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.

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