Jaffetilchin Investment Partners LLC Has $443,000 Stake in Uber Technologies, Inc. (NYSE:UBER)

Jaffetilchin Investment Partners LLC boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 48.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,350 shares of the ride-sharing company’s stock after buying an additional 2,397 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in Uber Technologies were worth $443,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Argent Trust Co boosted its holdings in Uber Technologies by 8.4% during the fourth quarter. Argent Trust Co now owns 31,801 shares of the ride-sharing company’s stock valued at $1,918,000 after purchasing an additional 2,468 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in shares of Uber Technologies by 1.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 918,212 shares of the ride-sharing company’s stock worth $55,387,000 after buying an additional 14,440 shares during the period. Scotia Capital Inc. boosted its stake in Uber Technologies by 53.8% in the 4th quarter. Scotia Capital Inc. now owns 628,974 shares of the ride-sharing company’s stock valued at $37,942,000 after buying an additional 219,936 shares in the last quarter. CenterBook Partners LP grew its position in Uber Technologies by 164.8% in the fourth quarter. CenterBook Partners LP now owns 318,683 shares of the ride-sharing company’s stock valued at $19,223,000 after acquiring an additional 198,331 shares during the period. Finally, ELCO Management Co. LLC raised its stake in Uber Technologies by 162.6% during the fourth quarter. ELCO Management Co. LLC now owns 17,487 shares of the ride-sharing company’s stock worth $1,055,000 after acquiring an additional 10,827 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on UBER. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a report on Wednesday. Truist Financial upped their price objective 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $82.00 target price on shares of Uber Technologies in a research note on Thursday, February 6th. Wells Fargo & Company boosted their target price on Uber Technologies from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, April 3rd. Finally, TD Cowen dropped their price target on Uber Technologies from $90.00 to $88.00 and set a “buy” rating for the company in a report on Tuesday. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $89.97.

Uber Technologies Stock Performance

Shares of UBER stock opened at $72.26 on Friday. The stock has a market cap of $151.15 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The stock has a 50-day moving average of $73.94 and a 200-day moving average of $71.47. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00.

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

Insider Activity at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the sale, the chief financial officer now owns 22,162 shares of the company’s stock, valued at $1,662,150. This represents a 11.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the sale, the insider now directly owns 86,973 shares in the company, valued at $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 77,154 shares of company stock worth $5,793,869 in the last quarter. Corporate insiders own 3.84% 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.