Sora Investors LLC Invests $13.99 Million in Uber Technologies, Inc. (NYSE:UBER)

Sora Investors LLC acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 231,929 shares of the ride-sharing company's stock, valued at approximately $13,990,000. Uber Technologies makes up approximately 1.6% of Sora Investors LLC's portfolio, making the stock its 27th biggest holding.

Several other large investors have also made changes to their positions in the company. Grassi Investment Management lifted its position 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 worth $5,907,000 after purchasing an additional 500 shares in the last quarter. AdvisorNet Financial Inc grew its holdings in shares of Uber Technologies by 36.3% during the fourth quarter. AdvisorNet Financial Inc now owns 11,352 shares of the ride-sharing company's stock worth $685,000 after buying an additional 3,021 shares in the last quarter. Accurate Wealth Management LLC boosted its position in Uber Technologies by 16.6% during the 4th quarter. Accurate Wealth Management LLC now owns 4,832 shares of the ride-sharing company's stock worth $319,000 after acquiring an additional 688 shares during the last quarter. Kathmere Capital Management LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $218,000. Finally, Park Avenue Securities LLC grew its position in Uber Technologies by 15.5% in the fourth quarter. Park Avenue Securities LLC now owns 109,353 shares of the ride-sharing company's stock valued at $6,596,000 after purchasing an additional 14,708 shares in the last quarter. Institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Performance

NYSE:UBER opened at $90.07 on Friday. The company has a market capitalization of $188.35 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 0.89 and a beta of 1.43. The business has a 50 day moving average of $75.91 and a 200 day moving average of $71.91. 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 1-year low of $54.84 and a 1-year high of $92.17.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (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 net margin of 22.41% and a return on equity of 62.60%. The firm's revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.32) EPS. On average, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on UBER. Cantor Fitzgerald reiterated an "overweight" rating and issued a $80.00 target price on shares of Uber Technologies in a research note on Wednesday, April 16th. JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a research report on Thursday. The Goldman Sachs Group lifted their price target on Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. lifted their price target on Uber Technologies from $80.00 to $92.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $90.00 price target on shares of Uber Technologies in a report on Wednesday, May 7th. Eleven research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $92.69.

Insider Buying and Selling

In other news, insider Tony West sold 23,404 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the sale, the insider now directly owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. This trade represents a 17.00% decrease in their position. 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 transaction of $3,001,070.52. Following the transaction, the insider now owns 102,135 shares in the company, valued at $8,786,674.05. This represents 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 worth $9,028,690 in the last ninety days. 3.84% of the stock is owned by insiders.

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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