EdgeRock Capital LLC Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

EdgeRock Capital LLC acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,139 shares of the ride-sharing company’s stock, valued at approximately $78,000.

Other large investors have also bought and sold shares of the company. OFI Invest Asset Management purchased a new position in shares of Uber Technologies during the third quarter valued at approximately $26,000. Ritter Daniher Financial Advisory LLC DE increased its position in Uber Technologies by 2,545.5% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock valued at $27,000 after purchasing an additional 560 shares during the period. JFS Wealth Advisors LLC raised its holdings in Uber Technologies by 319.4% in the 3rd quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company’s stock worth $30,000 after purchasing an additional 495 shares in the last quarter. CVA Family Office LLC bought a new position in Uber Technologies in the 4th quarter worth $30,000. Finally, Highlander Capital Management LLC lifted its position in shares of Uber Technologies by 100.0% in the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after purchasing an additional 250 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Uber Technologies

In other news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the sale, the insider now directly owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Uber Technologies news, insider Tony West sold 18,750 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now directly owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 20,000 shares of the business’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 sale, the insider now directly owns 107,290 shares in the company, valued at $8,350,380.70. The disclosure for this sale can be found here. Insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

UBER has been the topic of several research analyst reports. Tigress Financial boosted their price target on shares of Uber Technologies from $72.00 to $96.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Citigroup increased their target price on Uber Technologies from $83.00 to $91.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Truist Financial lifted their price target on Uber Technologies from $90.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, March 27th. JMP Securities reiterated a “market outperform” rating and issued a $85.00 price objective on shares of Uber Technologies in a report on Thursday, March 28th. Finally, TheStreet upgraded shares of Uber Technologies from a “c” rating to a “b-” rating in a report on Wednesday, February 7th. Two investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $81.65.

Uber Technologies Stock Performance

NYSE UBER traded down $1.10 on Tuesday, hitting $70.41. 24,218,295 shares of the company traded hands, compared to its average volume of 19,825,625. The company has a market capitalization of $146.55 billion, a price-to-earnings ratio of 81.87, a P/E/G ratio of 1.09 and a beta of 1.39. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79. The business’s 50 day moving average price is $75.03 and its 200-day moving average price is $65.83. Uber Technologies, Inc. has a 52-week low of $37.07 and a 52-week high of $82.14.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $9.76 billion. During the same period in the previous year, the business earned $0.29 earnings per share. The business’s revenue was up 15.4% on a year-over-year basis. Equities analysts expect 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.