Objectivity Squared LLC Acquires Shares of 15,656 Uber Technologies, Inc. (NYSE:UBER)

Objectivity Squared LLC acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 15,656 shares of the ride-sharing company's stock, valued at approximately $964,000. Uber Technologies comprises about 1.0% of Objectivity Squared LLC's investment portfolio, making the stock its 21st biggest position.

A number of other large investors have also recently bought and sold shares of the stock. Drive Wealth Management LLC boosted its holdings in shares of Uber Technologies by 3.6% during the fourth quarter. Drive Wealth Management LLC now owns 4,691 shares of the ride-sharing company's stock valued at $289,000 after acquiring an additional 163 shares during the period. Blue Bell Private Wealth Management LLC raised its holdings in shares of Uber Technologies by 49.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company's stock worth $32,000 after acquiring an additional 174 shares in the last quarter. Cigna Investments Inc. New increased its holdings in Uber Technologies by 0.9% in the fourth quarter. Cigna Investments Inc. New now owns 20,743 shares of the ride-sharing company's stock worth $1,277,000 after buying an additional 178 shares during the last quarter. Procyon Advisors LLC lifted its stake in shares of Uber Technologies by 3.6% in the 4th quarter. Procyon Advisors LLC now owns 5,258 shares of the ride-sharing company's stock valued at $324,000 after purchasing an additional 182 shares during the last quarter. Finally, Harbour Capital Advisors LLC boosted its stake in shares of Uber Technologies by 2.1% during the 4th quarter. Harbour Capital Advisors LLC now owns 9,920 shares of the ride-sharing company's stock worth $578,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Stock Performance

Shares of UBER traded up $0.66 during mid-day trading on Friday, hitting $64.26. The stock had a trading volume of 10,337,237 shares, compared to its average volume of 20,316,313. Uber Technologies, Inc. has a 52 week low of $37.07 and a 52 week high of $82.14. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.21. The business has a fifty day moving average price of $71.86 and a 200-day moving average price of $67.37. The firm has a market cap of $134.27 billion, a P/E ratio of 104.10, a PEG ratio of 1.38 and a beta of 1.39.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.53). Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The business had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.09 billion. During the same period last year, the firm earned ($0.08) EPS. The business's revenue for the quarter was up 14.8% on a year-over-year basis. On average, equities research analysts expect that Uber Technologies, Inc. will post 0.88 EPS for the current year.

Insiders Place Their Bets

In other Uber Technologies news, insider Tony West sold 18,750 shares of the business's stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $65.63, for a total value of $1,230,562.50. Following the completion of the transaction, the insider now owns 206,338 shares of the company's stock, valued at approximately $13,541,962.94. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the transaction, the chief executive officer now directly owns 1,656,996 shares of the company's stock, valued at $109,245,746.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tony West sold 18,750 shares of the company's stock in a transaction on Monday, May 13th. The shares were sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the sale, the insider now directly owns 206,338 shares of the company's stock, valued at approximately $13,541,962.94. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on UBER shares. Needham & Company LLC restated a "buy" rating and set a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, May 8th. Jefferies Financial Group decreased their price objective on Uber Technologies from $103.00 to $100.00 and set a "buy" rating for the company in a research note on Thursday, May 9th. Moffett Nathanson reissued a "buy" rating and issued a $92.00 price target on shares of Uber Technologies in a report on Thursday, April 11th. Royal Bank of Canada cut their price objective on shares of Uber Technologies from $85.00 to $80.00 and set an "outperform" rating on the stock in a research report on Thursday, May 9th. Finally, Bank of America cut their price target on shares of Uber Technologies from $91.00 to $87.00 and set a "buy" rating on the stock in a research report on Thursday, May 9th. Two analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $84.38.

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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