Insight Advisors LLC PA Buys 769 Shares of Uber Technologies, Inc. (NYSE:UBER)

Insight Advisors LLC PA grew its stake in Uber Technologies, Inc. (NYSE:UBER) by 20.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,552 shares of the ride-sharing company’s stock after purchasing an additional 769 shares during the period. Insight Advisors LLC PA’s holdings in Uber Technologies were worth $277,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Management Professionals Inc. lifted its stake in Uber Technologies by 104.1% in the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock worth $37,000 after purchasing an additional 252 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new stake in shares of Uber Technologies in the fourth quarter worth approximately $35,000. Kieckhefer Group LLC bought a new stake in shares of Uber Technologies during the 4th quarter worth approximately $33,000. Transcendent Capital Group LLC boosted its holdings in Uber Technologies by 3,928.6% during the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock valued at $42,000 after acquiring an additional 550 shares during the period. Finally, Fortitude Family Office LLC grew its position in Uber Technologies by 84.7% in the 3rd quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company’s stock valued at $45,000 after acquiring an additional 276 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the sale, the insider now directly owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.80% of the stock is owned by corporate insiders.

Uber Technologies Price Performance

Shares of UBER opened at $70.04 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The company’s fifty day moving average price is $65.31 and its 200-day moving average price is $70.07. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The firm has a market capitalization of $147.47 billion, a PE ratio of 34.84, a price-to-earnings-growth ratio of 0.77 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. On average, equities research analysts predict that Uber Technologies, Inc. will post 1.89 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Benchmark reissued a “hold” rating on shares of Uber Technologies in a research note on Friday, January 31st. Tigress Financial boosted their price objective on shares of Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, November 25th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $96.00 target price on shares of Uber Technologies in a research report on Thursday, January 2nd. Piper Sandler decreased their price target on shares of Uber Technologies from $82.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Evercore ISI dropped their price objective on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Thursday. Seven analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $90.19.

Uber Technologies Company 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.