Teamwork Financial Advisors LLC Buys 133,055 Shares of Uber Technologies, Inc. (NYSE:UBER)

Teamwork Financial Advisors LLC boosted its stake in Uber Technologies, Inc. (NYSE:UBER) by 1,907.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 140,032 shares of the ride-sharing company’s stock after acquiring an additional 133,055 shares during the period. Uber Technologies accounts for 1.1% of Teamwork Financial Advisors LLC’s investment portfolio, making the stock its 28th largest holding. Teamwork Financial Advisors LLC’s holdings in Uber Technologies were worth $8,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in UBER. Ascent Wealth Partners LLC bought a new position in Uber Technologies during the third quarter worth $2,087,000. Teachers Retirement System of The State of Kentucky grew its holdings in Uber Technologies by 4.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock worth $24,180,000 after acquiring an additional 13,433 shares during the period. Aviso Wealth Management acquired a new position in shares of Uber Technologies in the 3rd quarter valued at about $2,302,000. Polianta Ltd acquired a new position in shares of Uber Technologies in the 4th quarter valued at about $1,206,000. Finally, Brophy Wealth Management LLC bought a new stake in shares of Uber Technologies during the 3rd quarter valued at about $1,041,000. Institutional investors own 80.24% of the company’s stock.

Analysts Set New Price Targets

UBER has been the subject of several recent analyst reports. Evercore ISI raised their target price on Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Daiwa Capital Markets lowered shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective for the company. in a research note on Thursday, October 17th. Wells Fargo & Company reduced their price target on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Truist Financial dropped their price objective on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, Royal Bank of Canada raised their target price on Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Seven analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $91.53.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the sale, the insider now owns 107,289 shares of the company’s stock, valued at $7,821,368.10. The trade was a 20.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 3.84% of the company’s stock.

Uber Technologies Trading Up 0.1 %

NYSE:UBER opened at $67.79 on Thursday. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The firm’s 50 day moving average is $66.08 and its 200 day moving average is $70.31. The stock has a market capitalization of $142.75 billion, a PE ratio of 33.73, a price-to-earnings-growth ratio of 0.73 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last issued its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. During the same period in the previous year, the company posted $0.10 earnings per share. The business’s revenue was up 20.4% on a year-over-year basis. Sell-side analysts expect that Uber Technologies, Inc. will post 1.91 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.