Uber Technologies, Inc. (NYSE:UBER) Shares Bought by DeDora Capital Inc.

DeDora Capital Inc. grew its stake in Uber Technologies, Inc. (NYSE:UBER) by 241.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 12,063 shares of the ride-sharing company’s stock after purchasing an additional 8,532 shares during the period. DeDora Capital Inc.’s holdings in Uber Technologies were worth $929,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Highlander Capital Management LLC increased its holdings in shares of Uber Technologies by 100.0% in the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after acquiring an additional 250 shares during the period. Treasurer of the State of North Carolina boosted its holdings in shares of Uber Technologies by 0.4% in the third 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 acquiring an additional 3,530 shares in the last quarter. Compagnie Lombard Odier SCmA increased its stake in shares of Uber Technologies by 73.0% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 33,535 shares of the ride-sharing company’s stock worth $2,065,000 after acquiring an additional 14,153 shares during the period. Financial Enhancement Group LLC purchased a new position in Uber Technologies during the fourth quarter worth about $1,112,000. Finally, Fifth Third Bancorp lifted its position in Uber Technologies by 54.3% in the fourth quarter. Fifth Third Bancorp now owns 68,894 shares of the ride-sharing company’s stock valued at $4,242,000 after purchasing an additional 24,247 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were 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 directly owns 107,290 shares in the company, valued at $8,350,380.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 185,566 shares in the company, valued at approximately $13,004,465.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jill Hazelbaker sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the transaction, the insider now owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by insiders.

Uber Technologies Trading Up 1.0 %

Shares of NYSE UBER traded up $0.66 during trading on Friday, hitting $69.23. 15,557,671 shares of the company traded hands, 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. The firm has a market capitalization of $144.09 billion, a P/E ratio of 80.50, a P/E/G ratio of 1.08 and a beta of 1.39. The company has a 50-day moving average price of $75.33 and a 200-day moving average price of $65.27. Uber Technologies, Inc. has a 1 year low of $36.69 and a 1 year high of $82.14.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on UBER shares. Needham & Company LLC reissued a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a research note on Friday, April 5th. Bank of America upped their price target on shares of Uber Technologies from $68.00 to $73.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. JPMorgan Chase & Co. boosted their price objective on shares of Uber Technologies from $84.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Roth Mkm lifted their price target on shares of Uber Technologies from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Finally, Susquehanna upped their price target on Uber Technologies from $60.00 to $85.00 and gave the stock a “positive” rating in a report on Thursday, February 8th. Two analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $81.65.

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.