Uber Technologies, Inc. (NYSE:UBER) Holdings Lifted by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 15.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 109,353 shares of the ride-sharing company’s stock after purchasing an additional 14,708 shares during the quarter. Park Avenue Securities LLC’s holdings in Uber Technologies were worth $6,596,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Kieckhefer Group LLC bought a new stake in shares of Uber Technologies in the 4th quarter worth approximately $33,000. Financial Management Professionals Inc. grew its position 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 buying an additional 252 shares during the last quarter. Transcendent Capital Group LLC increased its holdings in shares of Uber Technologies by 3,928.6% in the third quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock valued at $42,000 after buying an additional 550 shares in the last quarter. Fortitude Family Office LLC lifted its position in shares of Uber Technologies by 84.7% during 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. Finally, ORG Partners LLC boosted its stake in shares of Uber Technologies by 142.9% during the 3rd quarter. ORG Partners LLC now owns 651 shares of the ride-sharing company’s stock worth $49,000 after acquiring an additional 383 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Up 3.4 %

Shares of UBER stock opened at $67.06 on Thursday. The stock’s 50 day simple moving average is $66.43 and its 200 day simple moving average is $70.41. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market capitalization of $141.21 billion, a price-to-earnings ratio of 33.36, a PEG ratio of 0.71 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. The company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.10 earnings per share. As a group, research analysts predict that Uber Technologies, Inc. will post 1.9 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on UBER. Tigress Financial upped their target price on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a report on Monday, November 25th. Evercore ISI upped their price objective on shares of Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. The Goldman Sachs Group reissued a “buy” rating and issued a $96.00 target price on shares of Uber Technologies in a research report on Thursday, January 2nd. Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a report on Thursday, October 31st. Finally, Loop Capital raised their price objective on shares of Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Seven investment analysts have rated the stock with a hold rating, thirty-one have assigned 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 an average price target of $91.53.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the transaction, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.80% of the company’s stock.

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.