HighPoint Advisor Group LLC Has $3.01 Million Stock Position in Uber Technologies, Inc. (NYSE:UBER)

HighPoint Advisor Group LLC boosted its stake in Uber Technologies, Inc. (NYSE:UBER) by 100.3% in the fourth quarter, Holdings Channel reports. The firm owned 49,851 shares of the ride-sharing company’s stock after purchasing an additional 24,969 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Uber Technologies were worth $3,007,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. B. Metzler seel. Sohn & Co. AG lifted its holdings in shares of Uber Technologies by 16.4% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 136,499 shares of the ride-sharing company’s stock worth $8,241,000 after acquiring an additional 19,260 shares during the period. Cannell & Spears LLC raised its position in Uber Technologies by 3,180.3% during the fourth quarter. Cannell & Spears LLC now owns 781,034 shares of the ride-sharing company’s stock valued at $47,112,000 after purchasing an additional 757,224 shares in the last quarter. Summit Financial LLC raised its position in Uber Technologies by 10.0% during the fourth quarter. Summit Financial LLC now owns 22,771 shares of the ride-sharing company’s stock valued at $1,374,000 after purchasing an additional 2,075 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Uber Technologies by 32.3% in the 4th quarter. Alliancebernstein L.P. now owns 4,180,863 shares of the ride-sharing company’s stock valued at $252,190,000 after purchasing an additional 1,021,036 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. boosted its holdings in shares of Uber Technologies by 113.7% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 88,690 shares of the ride-sharing company’s stock valued at $5,350,000 after purchasing an additional 47,196 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Up 0.2 %

NYSE:UBER opened at $72.92 on Tuesday. 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 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $152.53 billion, a price-to-earnings ratio of 15.99, a PEG ratio of 0.89 and a beta of 1.39. The firm has a fifty day simple moving average of $73.55 and a two-hundred day simple moving average of $71.80.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Ratings Changes

UBER has been the topic of several research analyst reports. Fox Advisors lowered Uber Technologies from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 11th. Cantor Fitzgerald restated an “overweight” rating and issued a $80.00 price target on shares of Uber Technologies in a research note on Thursday, February 6th. The Goldman Sachs Group reiterated a “buy” rating and set a $96.00 price objective on shares of Uber Technologies in a research report on Thursday, January 2nd. Evercore ISI cut their target price on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Finally, Truist Financial boosted their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.31.

Insider Activity at Uber Technologies

In other news, insider Tony West sold 23,404 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the sale, the insider now directly owns 114,241 shares of the company’s stock, valued at $8,027,715.07. This represents a 17.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the sale, the insider now owns 86,973 shares of the company’s stock, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 77,154 shares of company stock valued at $5,793,869. 3.84% of the stock is owned by company insiders.

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.