Proficio Capital Partners LLC Grows Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Proficio Capital Partners LLC boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 550.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 445,115 shares of the ride-sharing company’s stock after buying an additional 376,686 shares during the period. Proficio Capital Partners LLC’s holdings in Uber Technologies were worth $26,849,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of UBER. Avion Wealth grew its position in Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after acquiring an additional 218 shares during the last quarter. GHP Investment Advisors Inc. grew its position in Uber Technologies by 85.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 223 shares during the last quarter. Retirement Wealth Solutions LLC bought a new position in Uber Technologies in the 4th quarter valued at $35,000. Kieckhefer Group LLC bought a new position in shares of Uber Technologies during the 4th quarter worth $33,000. Finally, Transcendent Capital Group LLC grew its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Up 2.5 %

NYSE:UBER opened at $76.07 on Friday. The stock has a 50-day simple moving average of $69.53 and a 200-day simple moving average of $71.53. The stock has a market cap of $158.90 billion, a P/E ratio of 16.68, a P/E/G ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on UBER shares. The Goldman Sachs Group reissued a “buy” rating and set a $96.00 price target on shares of Uber Technologies in a research report on Thursday, January 2nd. KeyCorp dropped their price objective on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. UBS Group reaffirmed a “buy” rating on shares of Uber Technologies in a research report on Friday, February 21st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $80.00 price objective on shares of Uber Technologies in a research report on Thursday, February 6th. Finally, Wolfe Research raised their price objective on Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Eight equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $90.94.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 86,973 shares of the company’s stock, valued at $7,046,552.46. This represents a 26.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.80% of the company’s stock.

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.