465 Shares in Uber Technologies, Inc. (NYSE:UBER) Purchased by Runnymede Capital Advisors Inc.

Runnymede Capital Advisors Inc. bought a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the 4th quarter, Holdings Channel reports. The firm bought 465 shares of the ride-sharing company’s stock, valued at approximately $28,000.

Several other hedge funds and other institutional investors have also bought and sold shares of UBER. Ontario Teachers Pension Plan Board bought a new position in Uber Technologies during the 3rd quarter valued at about $327,000. Nwam LLC lifted its stake in Uber Technologies by 5.6% during the 3rd quarter. Nwam LLC now owns 10,559 shares of the ride-sharing company’s stock valued at $794,000 after acquiring an additional 562 shares during the period. Nicolet Advisory Services LLC lifted its stake in Uber Technologies by 3.6% during the 3rd quarter. Nicolet Advisory Services LLC now owns 5,660 shares of the ride-sharing company’s stock valued at $413,000 after acquiring an additional 199 shares during the period. Great Valley Advisor Group Inc. lifted its stake in Uber Technologies by 11.5% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 44,611 shares of the ride-sharing company’s stock valued at $3,353,000 after acquiring an additional 4,584 shares during the period. Finally, Cerity Partners LLC lifted its stake in Uber Technologies by 36.0% during the 3rd quarter. Cerity Partners LLC now owns 430,206 shares of the ride-sharing company’s stock valued at $32,334,000 after acquiring an additional 113,989 shares during the period. Institutional investors own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Piper Sandler reiterated an “overweight” rating and issued a $87.00 price objective (up previously from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Royal Bank of Canada reiterated an “outperform” rating and issued a $82.00 price objective on shares of Uber Technologies in a research note on Thursday, February 6th. UBS Group reiterated a “buy” rating on shares of Uber Technologies in a research note on Friday, February 21st. Arete Research upgraded shares of Uber Technologies to a “hold” rating in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average price target of $90.31.

Insiders Place Their Bets

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 20,000 shares of Uber Technologies stock in a transaction on Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the completion of the transaction, the senior vice president now directly owns 361,908 shares of the company’s stock, valued at $25,901,755.56. The trade was a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the transaction, the insider now directly owns 114,241 shares of the company’s stock, valued at $8,027,715.07. The trade was a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 74,404 shares of company stock valued at $5,587,619 over the last three months. 3.84% of the stock is owned by company insiders.

Uber Technologies Trading Up 2.1 %

Shares of UBER opened at $75.94 on Friday. The company’s fifty day moving average is $72.64 and its 200 day moving average is $71.59. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The stock has a market capitalization of $158.65 billion, a PE ratio of 16.65, a P/E/G ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07.

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

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.