Granite Bay Wealth Management LLC Has $92.61 Million Stake in Uber Technologies, Inc. (NYSE:UBER)

Granite Bay Wealth Management LLC increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 80.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,504,076 shares of the ride-sharing company's stock after purchasing an additional 669,417 shares during the quarter. Uber Technologies makes up approximately 0.8% of Granite Bay Wealth Management LLC's holdings, making the stock its 24th largest holding. Granite Bay Wealth Management LLC owned 0.07% of Uber Technologies worth $92,606,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Highlander Capital Management LLC increased its position in Uber Technologies by 100.0% during the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company's stock worth $31,000 after purchasing an additional 250 shares in the last quarter. Treasurer of the State of North Carolina grew its holdings in Uber Technologies by 0.4% in the 3rd quarter. Treasurer of the State of North Carolina now owns 877,589 shares of the ride-sharing company's stock valued at $40,360,000 after buying an additional 3,530 shares during the period. Compagnie Lombard Odier SCmA grew its holdings in Uber Technologies by 73.0% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 33,535 shares of the ride-sharing company's stock valued at $2,065,000 after buying an additional 14,153 shares during the period. Financial Enhancement Group LLC purchased a new stake in Uber Technologies in the 4th quarter valued at about $1,112,000. Finally, Fifth Third Bancorp grew its holdings in Uber Technologies by 54.3% in the 4th quarter. Fifth Third Bancorp now owns 68,894 shares of the ride-sharing company's stock valued at $4,242,000 after buying an additional 24,247 shares during the period. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Performance

Shares of NYSE UBER traded down $0.90 during trading on Friday, reaching $75.28. The stock had a trading volume of 11,590,774 shares, compared to its average volume of 14,593,051. Uber Technologies, Inc. has a one year low of $29.22 and a one year high of $82.14. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market cap of $156.69 billion, a PE ratio of 87.53, a P/E/G ratio of 1.23 and a beta of 1.36. The firm's 50 day moving average price is $76.74 and its two-hundred day moving average price is $62.71.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.50. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The business had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.76 billion. During the same period in the previous year, the business earned $0.29 EPS. The business's quarterly revenue was up 15.4% on a year-over-year basis. On average, research analysts forecast that Uber Technologies, Inc. will post 1.2 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Jill Hazelbaker sold 20,000 shares of the company's stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the transaction, the insider now directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Jill Hazelbaker sold 20,000 shares of the company's stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the transaction, the insider now directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Tony West sold 18,750 shares of the company's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the transaction, the insider now owns 185,566 shares of the company's stock, valued at $13,004,465.28. The disclosure for this sale can be found here. Company insiders own 3.84% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the company. Moffett Nathanson restated a "buy" rating and issued a $92.00 price target on shares of Uber Technologies in a report on Thursday. Argus lifted their price target on Uber Technologies from $69.00 to $95.00 and gave the company a "buy" rating in a report on Monday, March 4th. Nomura cut Uber Technologies from a "buy" rating to a "neutral" rating and lifted their price target for the company from $59.00 to $62.00 in a report on Friday, December 29th. Wells Fargo & Company lifted their price target on Uber Technologies from $90.00 to $95.00 and gave the company an "overweight" rating in a report on Monday, April 8th. Finally, Needham & Company LLC restated a "buy" rating and issued a $90.00 price target on shares of Uber Technologies in a report on Friday, April 5th. Two investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $78.21.

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.