McAdam LLC Takes $370,000 Position in Uber Technologies, Inc. (NYSE:UBER)

McAdam LLC bought a new stake in Uber Technologies, Inc. (NYSE:UBER) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 6,142 shares of the ride-sharing company’s stock, valued at approximately $370,000.

Several other large investors have also recently modified their holdings of the company. Financial Management Professionals Inc. raised its stake in Uber Technologies by 104.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock worth $37,000 after acquiring an additional 252 shares during the last quarter. Retirement Wealth Solutions LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at $35,000. Kieckhefer Group LLC purchased a new stake in shares of Uber Technologies during the 4th quarter worth about $33,000. Transcendent Capital Group LLC grew its holdings in Uber Technologies by 3,928.6% in the third quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock valued at $42,000 after purchasing an additional 550 shares during the period. Finally, Fortitude Family Office LLC increased its holdings in Uber Technologies by 84.7% in the 3rd quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company’s stock worth $45,000 after acquiring an additional 276 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Analysts Set New Price Targets

UBER has been the topic of a number of research reports. Evercore ISI raised their price objective on Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Citizens Jmp downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. BMO Capital Markets restated an “outperform” rating and issued a $92.00 price objective on shares of Uber Technologies in a report on Friday, October 11th. Royal Bank of Canada boosted their price target on shares of Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Loop Capital boosted their target price on Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Seven 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $91.08.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.80% of the company’s stock.

Uber Technologies Stock Up 0.4 %

Uber Technologies stock opened at $66.86 on Monday. The stock’s 50 day moving average price is $65.61 and its 200 day moving average price is $70.08. The company has a market cap of $140.79 billion, a PE ratio of 33.26, a price-to-earnings-growth ratio of 0.77 and a beta of 1.39. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00.

Uber Technologies (NYSE:UBER) last posted its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. The company had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. Uber Technologies’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.10 earnings per share. On average, sell-side analysts predict that Uber Technologies, Inc. will post 1.89 EPS for the current fiscal 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.