Tiptree Advisors LLC Purchases Shares of 75,640 Uber Technologies, Inc. (NYSE:UBER)

Tiptree Advisors LLC acquired a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 75,640 shares of the ride-sharing company's stock, valued at approximately $4,563,000. Uber Technologies comprises approximately 4.7% of Tiptree Advisors LLC's holdings, making the stock its 10th biggest holding.

A number of other large investors have also recently made changes to their positions in the business. Avion Wealth boosted its position in shares of Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after purchasing an additional 218 shares in the last quarter. Transce3nd LLC bought a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $27,000. Runnymede Capital Advisors Inc. bought a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $28,000. Finally, GHP Investment Advisors Inc. boosted its position in shares of Uber Technologies by 85.1% during the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock valued at $29,000 after purchasing an additional 223 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Insider Activity at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the completion of the sale, the chief financial officer now owns 21,063 shares of the company's stock, valued at approximately $1,790,355. The trade was a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction dated 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 sale, the insider now directly owns 102,135 shares of the company's stock, valued at $8,786,674.05. This represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 83,788 shares of company stock worth $6,517,070. 3.84% of the stock is owned by insiders.

Uber Technologies Stock Performance

Uber Technologies stock traded down $0.61 during mid-day trading on Wednesday, reaching $88.39. 13,749,595 shares of the stock traded hands, compared to its average volume of 20,402,983. The stock has a market capitalization of $184.84 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $93.60. The business's 50-day moving average is $78.76 and its 200-day moving average is $72.73.

Uber Technologies (NYSE:UBER - Get Free Report) last posted 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. The company had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Uber Technologies's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.32) earnings per share. As a group, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Ratings Changes

UBER has been the topic of several research reports. Loop Capital restated a "buy" rating and set a $105.00 price target (up from $89.00) on shares of Uber Technologies in a research report on Wednesday, May 21st. Barclays lifted their price target on Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Wedbush lowered Uber Technologies from an "outperform" rating to a "neutral" rating and lifted their price target for the company from $80.00 to $85.00 in a research report on Thursday, May 8th. JMP Securities restated a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. Finally, Citigroup lifted their price target on Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Eleven research 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, the company currently has a consensus rating of "Moderate Buy" and an average target price of $93.91.

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.