Wellington Shields & Co. LLC Boosts Holdings in Uber Technologies, Inc. (NYSE:UBER)

Wellington Shields & Co. LLC grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 88.1% during the 4th quarter, HoldingsChannel reports. The fund owned 854 shares of the ride-sharing company’s stock after acquiring an additional 400 shares during the quarter. Wellington Shields & Co. LLC’s holdings in Uber Technologies were worth $52,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in UBER. Harbour Investments Inc. raised its stake in shares of Uber Technologies by 3.0% during the third quarter. Harbour Investments Inc. now owns 10,827 shares of the ride-sharing company’s stock worth $814,000 after acquiring an additional 318 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Uber Technologies during the third quarter worth approximately $683,000. Huntington National Bank raised its stake in shares of Uber Technologies by 20.7% during the third quarter. Huntington National Bank now owns 7,737 shares of the ride-sharing company’s stock worth $582,000 after acquiring an additional 1,326 shares in the last quarter. KBC Group NV raised its stake in shares of Uber Technologies by 27.1% during the third quarter. KBC Group NV now owns 296,100 shares of the ride-sharing company’s stock worth $22,255,000 after acquiring an additional 63,214 shares in the last quarter. Finally, Lifeworks Advisors LLC bought a new position in shares of Uber Technologies in the third quarter worth approximately $216,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the transaction, the insider now owns 86,973 shares of the company’s stock, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.84% of the stock is owned by insiders.

Uber Technologies Price Performance

UBER opened at $71.67 on Friday. The stock has a 50-day moving average price of $71.85 and a 200-day moving average price of $71.56. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The firm has a market cap of $149.71 billion, a PE ratio of 15.72, a P/E/G ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Sell-side analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. DA Davidson cut their target price on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. JMP Securities restated a “market perform” rating on shares of Uber Technologies in a report on Thursday, February 6th. Royal Bank of Canada restated an “outperform” rating and issued a $82.00 target price on shares of Uber Technologies in a report on Thursday, February 6th. Cantor Fitzgerald restated an “overweight” rating and issued a $80.00 target price on shares of Uber Technologies in a report on Thursday, February 6th. Finally, Wells Fargo & Company cut their target price on shares of Uber Technologies from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $90.31.

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.