DeDora Capital Inc. Grows Holdings in Uber Technologies, Inc. (NYSE:UBER)

DeDora Capital Inc. grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 241.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,063 shares of the ride-sharing company’s stock after buying an additional 8,532 shares during the quarter. DeDora Capital Inc.’s holdings in Uber Technologies were worth $929,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new position in shares of Uber Technologies during the third quarter worth approximately $26,000. Ritter Daniher Financial Advisory LLC DE lifted its stake in 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 worth $27,000 after purchasing an additional 560 shares during the last quarter. JFS Wealth Advisors LLC boosted its position in Uber Technologies by 319.4% during the third quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company’s stock valued at $30,000 after buying an additional 495 shares during the period. CVA Family Office LLC bought a new position in shares of Uber Technologies during the fourth quarter valued at about $30,000. Finally, Highlander Capital Management LLC increased its holdings in shares of Uber Technologies by 100.0% in the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after buying an additional 250 shares during the period. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UBER has been the topic of a number of analyst reports. Mizuho lifted their price target on Uber Technologies from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Needham & Company LLC reissued a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a research report on Friday, April 5th. Barclays boosted their price objective on shares of Uber Technologies from $63.00 to $86.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $85.00 target price on shares of Uber Technologies in a research note on Thursday, February 15th. Finally, TheStreet raised Uber Technologies from a “c” rating to a “b-” rating in a research report on Wednesday, February 7th. Two research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $81.65.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related 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 $13,004,465.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jill Hazelbaker sold 20,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the sale, the insider now directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. Company insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

Shares of NYSE UBER traded up $0.66 during midday trading on Friday, hitting $69.23. 15,557,671 shares of the company’s stock traded hands, compared to its average volume of 18,839,496. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market capitalization of $144.09 billion, a price-to-earnings ratio of 80.50, a price-to-earnings-growth ratio of 1.08 and a beta of 1.39. The firm has a fifty day moving average of $75.33 and a 200 day moving average of $65.27. Uber Technologies, Inc. has a 1 year low of $36.69 and a 1 year high of $82.14.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.50. The business had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.76 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The company’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period last year, the firm earned $0.29 earnings per share. On average, analysts forecast that Uber Technologies, Inc. will post 1.23 earnings per share for the current year.

About Uber Technologies

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.