Regal Partners Ltd Buys New Shares in Uber Technologies, Inc. (NYSE:UBER)

Regal Partners Ltd purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 8,272 shares of the ride-sharing company's stock, valued at approximately $499,000.

Several other institutional investors have also recently made changes to their positions in UBER. Polianta Ltd acquired a new position in shares of Uber Technologies during the 4th quarter worth approximately $1,206,000. Allworth Financial LP increased its holdings in shares of Uber Technologies by 8.9% during the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company's stock worth $1,229,000 after acquiring an additional 1,663 shares during the last quarter. Lecap Asset Management Ltd. acquired a new position in shares of Uber Technologies during the 4th quarter worth approximately $3,188,000. Mirador Capital Partners LP increased its holdings in shares of Uber Technologies by 40.4% during the 4th quarter. Mirador Capital Partners LP now owns 85,214 shares of the ride-sharing company's stock worth $5,140,000 after acquiring an additional 24,520 shares during the last quarter. Finally, Tri Ri Asset Management Corp bought a new stake in Uber Technologies in the 3rd quarter valued at $8,243,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Trading Down 0.2 %

UBER stock traded down $0.15 during trading on Thursday, hitting $80.87. The company had a trading volume of 18,689,830 shares, compared to its average volume of 20,242,543. The stock has a market cap of $169.15 billion, a PE ratio of 17.73, a PEG ratio of 0.89 and a beta of 1.37. The business has a 50-day moving average of $73.55 and a 200-day moving average of $71.48. 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 one year low of $54.84 and a one year high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the transaction, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tony West sold 23,404 shares of the business'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 owns 114,241 shares in the company, valued at $8,027,715.07. This trade represents a 17.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,154 shares of company stock worth $5,793,869. Company insiders own 3.70% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Evercore ISI reduced their price target on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Truist Financial boosted their price target on Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. TD Cowen reduced their price target on Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. JMP Securities restated a "market perform" rating on shares of Uber Technologies in a research note on Thursday, February 6th. Finally, Piper Sandler restated 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. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $89.81.

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.