EdgeRock Capital LLC Buys Shares of 1,139 Uber Technologies, Inc. (NYSE:UBER)

EdgeRock Capital LLC bought a new stake in Uber Technologies, Inc. (NYSE:UBER) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 1,139 shares of the ride-sharing company’s stock, valued at approximately $78,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Drive Wealth Management LLC increased its holdings in Uber Technologies by 3.6% in the fourth quarter. Drive Wealth Management LLC now owns 4,691 shares of the ride-sharing company’s stock valued at $289,000 after buying an additional 163 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its position in 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 during the last quarter. Cigna Investments Inc. New boosted its position in Uber Technologies by 0.9% during the fourth quarter. Cigna Investments Inc. New now owns 20,743 shares of the ride-sharing company’s stock worth $1,277,000 after acquiring an additional 178 shares during the last quarter. Procyon Advisors LLC boosted its position in Uber Technologies by 3.6% during the fourth quarter. Procyon Advisors LLC now owns 5,258 shares of the ride-sharing company’s stock worth $324,000 after acquiring an additional 182 shares during the last quarter. Finally, Harbour Capital Advisors LLC boosted its position in Uber Technologies by 2.1% during the fourth 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 during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tony West sold 18,750 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $70.08, for a total transaction 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 disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.

Analyst Ratings Changes

UBER has been the topic of a number of recent analyst reports. Mizuho increased their price target on shares of Uber Technologies from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. The Goldman Sachs Group increased their price target on shares of Uber Technologies from $59.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Roth Mkm increased their price target on shares of Uber Technologies from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Bank of America raised their target price on shares of Uber Technologies from $68.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Finally, Gordon Haskett downgraded shares of Uber Technologies from a “buy” rating to a “hold” rating and set a $66.00 target price on the stock. in a research note on Wednesday, January 24th. Two research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $81.65.

Uber Technologies Stock Performance

Shares of NYSE UBER traded down $1.10 during midday trading on Tuesday, hitting $70.41. The company’s stock had a trading volume of 24,218,295 shares, compared to its average volume of 19,825,625. Uber Technologies, Inc. has a 1-year low of $37.07 and a 1-year high of $82.14. The firm’s fifty day moving average price is $75.03 and its 200-day moving average price is $65.83. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market cap of $146.55 billion, a P/E ratio of 81.87, a P/E/G ratio of 1.09 and a beta of 1.39.

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

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.