Fourpath Capital Management LLC Has $1.61 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Fourpath Capital Management LLC increased its position in Uber Technologies, Inc. (NYSE:UBER) by 64.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,701 shares of the ride-sharing company’s stock after purchasing an additional 10,466 shares during the quarter. Fourpath Capital Management LLC’s holdings in Uber Technologies were worth $1,611,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kieckhefer Group LLC bought a new stake in shares of Uber Technologies in the 4th quarter valued at about $33,000. Retirement Wealth Solutions LLC bought a new position in shares of Uber Technologies during the fourth quarter worth $35,000. Financial Management Professionals Inc. grew its holdings in shares of Uber Technologies by 104.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after buying an additional 252 shares during the period. Transcendent Capital Group LLC raised its stake in Uber Technologies by 3,928.6% during the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock worth $42,000 after buying an additional 550 shares during the period. Finally, Crews Bank & Trust acquired a new stake in Uber Technologies during the 4th quarter worth $42,000. 80.24% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the sale, the insider now directly owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.80% of the company’s stock.

Uber Technologies Trading Up 0.7 %

UBER stock opened at $67.33 on Tuesday. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The company’s 50-day simple moving average is $65.61 and its 200 day simple moving average is $70.09. The company has a market capitalization of $141.78 billion, a PE ratio of 33.50, a price-to-earnings-growth ratio of 0.77 and a beta of 1.39.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on UBER shares. Bank of America increased their price target on Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $92.00 price target on shares of Uber Technologies in a research note on Friday, October 11th. DA Davidson upped their price target on shares of Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. UBS Group dropped their price objective on shares of Uber Technologies from $114.00 to $107.00 and set a “buy” rating on the stock in a report on Monday. Finally, Gordon Haskett raised shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Thursday, October 31st. Seven investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.89.

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.