Golden State Equity Partners Purchases 283 Shares of Uber Technologies, Inc. (NYSE:UBER)

Golden State Equity Partners boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 3.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,973 shares of the ride-sharing company’s stock after acquiring an additional 283 shares during the period. Golden State Equity Partners’ holdings in Uber Technologies were worth $552,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CVA Family Office LLC purchased a new stake in Uber Technologies during the fourth quarter valued at approximately $30,000. Highlander Capital Management LLC raised its position in Uber Technologies by 100.0% during the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after purchasing an additional 250 shares during the period. Bfsg LLC purchased a new stake in Uber Technologies during the fourth quarter valued at approximately $31,000. Blue Bell Private Wealth Management LLC raised its position in 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 valued at $32,000 after purchasing an additional 174 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group raised its position in Uber Technologies by 82.9% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 578 shares of the ride-sharing company’s stock valued at $36,000 after purchasing an additional 262 shares during the period. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the sale, the insider now directly owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. UBS Group upped their price objective on Uber Technologies from $94.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. increased their price target on Uber Technologies from $84.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Barclays increased their price target on Uber Technologies from $63.00 to $86.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. BTIG Research increased their price target on Uber Technologies from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Finally, BMO Capital Markets increased their price target on Uber Technologies from $82.00 to $92.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Two research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $78.94.

Uber Technologies Trading Down 0.4 %

NYSE:UBER traded down $0.26 during trading hours on Friday, hitting $69.05. The company had a trading volume of 16,187,639 shares, compared to its average volume of 17,118,054. Uber Technologies, Inc. has a 1 year low of $29.22 and a 1 year high of $82.14. The company has a market cap of $143.72 billion, a P/E ratio of 80.28, a P/E/G ratio of 1.10 and a beta of 1.36. The company has a 50-day moving average of $76.30 and a 200 day moving average of $64.35. 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 (NYSE:UBER) last issued its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.50. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The business 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 company earned $0.29 EPS. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. Sell-side analysts expect that Uber Technologies, Inc. will post 1.22 earnings per share for the current 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.