Alan B Lancz & Associates Inc. Has $548,000 Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Alan B Lancz & Associates Inc. decreased its position in Uber Technologies, Inc. (NYSE:UBER) by 7.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,900 shares of the ride-sharing company’s stock after selling 700 shares during the period. Alan B Lancz & Associates Inc.’s holdings in Uber Technologies were worth $548,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UBER. Massachusetts Financial Services Co. MA bought a new stake in shares of Uber Technologies during the third quarter worth $272,625,000. Jericho Capital Asset Management L.P. bought a new stake in Uber Technologies in the 3rd quarter valued at approximately $187,111,000. Winslow Capital Management LLC grew its stake in shares of Uber Technologies by 33.6% during the 3rd quarter. Winslow Capital Management LLC now owns 9,062,836 shares of the ride-sharing company’s stock worth $416,800,000 after acquiring an additional 2,278,252 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Uber Technologies by 1.7% in the third quarter. Vanguard Group Inc. now owns 124,353,537 shares of the ride-sharing company’s stock valued at $5,719,019,000 after purchasing an additional 2,067,098 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in Uber Technologies by 206.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,947,826 shares of the ride-sharing company’s stock worth $135,571,000 after purchasing an additional 1,987,003 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Uber Technologies

In related news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction that occurred 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 directly owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the sale, the insider now owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Hazelbaker sold 20,000 shares of the firm’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 sale, the insider now owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

Shares of NYSE:UBER traded up $0.66 during trading on Friday, hitting $69.23. 15,557,671 shares of the company were exchanged, compared to its average volume of 18,839,496. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. Uber Technologies, Inc. has a 1-year low of $36.69 and a 1-year high of $82.14. The company has a market capitalization of $144.09 billion, a P/E ratio of 80.50, a price-to-earnings-growth ratio of 1.08 and a beta of 1.39. The business’s 50 day moving average is $75.33 and its 200-day moving average is $65.13.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.50. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The company had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.76 billion. During the same quarter in the prior year, the firm posted $0.29 earnings per share. The firm’s revenue was up 15.4% compared to the same quarter last year. Equities analysts forecast that Uber Technologies, Inc. will post 1.23 earnings per share for the current year.

Analysts Set New Price Targets

UBER has been the subject of several analyst reports. BTIG Research raised their price objective on Uber Technologies from $80.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a research report on Friday, April 5th. Argus raised their target price on shares of Uber Technologies from $69.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Oppenheimer reaffirmed an “outperform” rating and issued a $90.00 price objective on shares of Uber Technologies in a research report on Monday, April 29th. Finally, Susquehanna boosted their target price on Uber Technologies from $60.00 to $85.00 and gave the stock a “positive” rating in a report on Thursday, February 8th. Two research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $81.65.

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.