Broadleaf Partners LLC Has $5.96 Million Holdings in Uber Technologies, Inc. (NYSE:UBER)

Broadleaf Partners LLC lessened its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 0.7% in the fourth quarter, HoldingsChannel reports. The fund owned 98,771 shares of the ride-sharing company’s stock after selling 730 shares during the period. Uber Technologies accounts for approximately 1.4% of Broadleaf Partners LLC’s investment portfolio, making the stock its 28th largest holding. Broadleaf Partners LLC’s holdings in Uber Technologies were worth $5,958,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Polianta Ltd acquired a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $1,206,000. Allworth Financial LP increased its stake in Uber Technologies by 8.9% during the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock worth $1,229,000 after acquiring an additional 1,663 shares during the period. Lecap Asset Management Ltd. acquired a new position in Uber Technologies in the 4th quarter valued at $3,188,000. Mirador Capital Partners LP lifted its position in shares of Uber Technologies by 40.4% during the 4th quarter. Mirador Capital Partners LP now owns 85,214 shares of the ride-sharing company’s stock valued at $5,140,000 after acquiring an additional 24,520 shares during the period. Finally, Tri Ri Asset Management Corp acquired a new stake in shares of Uber Technologies during the 3rd quarter worth $8,243,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. The Goldman Sachs Group restated a “buy” rating and issued a $96.00 price target on shares of Uber Technologies in a research report on Thursday, January 2nd. DA Davidson dropped their target price on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a report on Wednesday, April 9th. Citigroup decreased their price objective on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, Truist Financial boosted their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, March 6th. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $89.81.

Uber Technologies Stock Up 3.0 %

Shares of NYSE:UBER opened at $75.28 on Friday. The firm has a market cap of $157.47 billion, a P/E ratio of 16.51, a P/E/G ratio of 0.89 and a beta of 1.37. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The business has a fifty day simple moving average of $74.09 and a 200 day simple moving average of $71.45. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) 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 predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the transaction, the chief financial officer now directly owns 22,162 shares of the company’s stock, valued at approximately $1,662,150. This trade represents a 11.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the transaction, 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. In the last 90 days, insiders sold 77,154 shares of company stock worth $5,793,869. 3.84% of the stock is currently owned by insiders.

Uber Technologies Company 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.