Astra Wealth Partners LLC Purchases New Stake in Uber Technologies, Inc. (NYSE:UBER)

Astra Wealth Partners LLC acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 4,777 shares of the ride-sharing company’s stock, valued at approximately $288,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Provident Investment Management Inc. acquired a new stake in shares of Uber Technologies in the 4th quarter worth approximately $19,838,000. Bornite Capital Management LP grew its holdings in Uber Technologies by 60.0% in the fourth quarter. Bornite Capital Management LP now owns 200,000 shares of the ride-sharing company’s stock valued at $12,064,000 after purchasing an additional 75,000 shares during the last quarter. Uniting Wealth Partners LLC acquired a new position in shares of Uber Technologies during the 4th quarter worth $241,000. Pitcairn Co. grew its stake in Uber Technologies by 6.2% in the 4th quarter. Pitcairn Co. now owns 93,690 shares of the ride-sharing company’s stock valued at $5,651,000 after acquiring an additional 5,470 shares during the last quarter. Finally, DF Dent & Co. Inc. raised its position in Uber Technologies by 22.9% during the fourth quarter. DF Dent & Co. Inc. now owns 508,095 shares of the ride-sharing company’s stock worth $30,648,000 after acquiring an additional 94,717 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Price Performance

UBER stock opened at $69.88 on Friday. The firm has a market cap of $146.17 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The stock has a 50-day simple moving average of $73.83 and a 200-day simple moving average of $71.81. 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 announced its earnings results 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%. On average, equities analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, 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 owns 86,973 shares in the company, valued at $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the sale, the senior vice president now directly owns 361,908 shares in the company, valued at $25,901,755.56. This trade represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 77,154 shares of company stock worth $5,793,869 in the last ninety days. 3.84% of the stock is owned by insiders.

Analysts Set New Price Targets

UBER has been the subject of a number of recent research reports. Cantor Fitzgerald reissued an “overweight” rating and set a $80.00 price objective on shares of Uber Technologies in a research note on Thursday, February 6th. Citizens Jmp downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Benchmark reissued a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. UBS Group reaffirmed a “buy” rating on shares of Uber Technologies in a research note on Friday, February 21st. Finally, Wells Fargo & Company boosted their target price on shares of Uber Technologies from $87.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday. Ten analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $90.41.

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.