Xponance Inc. Acquires 172,921 Shares of Uber Technologies, Inc. (NYSE:UBER)

Xponance Inc. increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 61.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 453,179 shares of the ride-sharing company’s stock after purchasing an additional 172,921 shares during the period. Xponance Inc.’s holdings in Uber Technologies were worth $27,902,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of UBER. CVA Family Office LLC bought a new stake in shares of Uber Technologies during the fourth quarter worth approximately $30,000. Highlander Capital Management LLC boosted its holdings in shares of Uber Technologies by 100.0% during the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after acquiring an additional 250 shares during the period. Blue Bell Private Wealth Management LLC boosted its holdings in shares of 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 period. Oliver Lagore Vanvalin Investment Group boosted its stake in shares of Uber Technologies by 82.9% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 578 shares of the ride-sharing company’s stock valued at $36,000 after buying an additional 262 shares during the period. Finally, Ritter Daniher Financial Advisory LLC DE boosted its stake in shares of Uber Technologies by 2,545.5% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock valued at $27,000 after buying an additional 560 shares during the period. Institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the transaction, the insider now directly owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction on Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the transaction, the insider now owns 185,566 shares in the company, valued at approximately $13,004,465.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction on Wednesday, February 14th. The stock was 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 owns 107,290 shares in the company, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Susquehanna boosted their price target on Uber Technologies from $60.00 to $85.00 and gave the company a “positive” rating in a research note on Thursday, February 8th. JPMorgan Chase & Co. boosted their price objective on shares of Uber Technologies from $84.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. The Goldman Sachs Group boosted their price objective on shares of Uber Technologies from $59.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. TheStreet upgraded shares of Uber Technologies from a “c” rating to a “b-” rating in a research report on Wednesday, February 7th. Finally, Nomura downgraded shares of Uber Technologies from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $59.00 to $62.00 in a research report on Friday, December 29th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $78.21.

Uber Technologies Stock Performance

Shares of UBER stock traded down $0.64 during trading hours on Thursday, hitting $71.30. 20,304,099 shares of the company were exchanged, compared to its average volume of 19,512,758. The firm has a fifty day simple moving average of $76.93 and a 200 day simple moving average of $63.28. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79. Uber Technologies, Inc. has a 52-week low of $29.22 and a 52-week high of $82.14. The stock has a market capitalization of $148.40 billion, a price-to-earnings ratio of 83.80, a P/E/G ratio of 1.19 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, topping 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 company had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.76 billion. During the same period last year, the firm earned $0.29 EPS. Uber Technologies’s revenue for the quarter was up 15.4% on a year-over-year basis. Research analysts predict that Uber Technologies, Inc. will post 1.2 earnings per share 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.