Bouvel Investment Partners LLC Purchases 366 Shares of Uber Technologies, Inc. (NYSE:UBER)

Bouvel Investment Partners LLC lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 0.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 54,701 shares of the ride-sharing company’s stock after buying an additional 366 shares during the quarter. Bouvel Investment Partners LLC’s holdings in Uber Technologies were worth $3,300,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Financial Management Professionals Inc. raised its position in shares of Uber Technologies by 104.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after buying an additional 252 shares in the last quarter. Kieckhefer Group LLC acquired a new position in Uber Technologies during the fourth quarter valued at approximately $33,000. Transcendent Capital Group LLC boosted its holdings in shares of Uber Technologies by 3,928.6% in the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock valued at $42,000 after purchasing an additional 550 shares in the last quarter. Fortitude Family Office LLC boosted its holdings in shares of Uber Technologies by 84.7% in the 3rd quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company’s stock valued at $45,000 after purchasing an additional 276 shares in the last quarter. Finally, ORG Partners LLC increased its stake in shares of Uber Technologies by 142.9% in the 3rd quarter. ORG Partners LLC now owns 651 shares of the ride-sharing company’s stock valued at $49,000 after purchasing an additional 383 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the sale, the insider now owns 107,289 shares in the company, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on UBER shares. 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 note on Friday, January 3rd. Bank of America lifted their price target on shares of Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Wells Fargo & Company cut their target price on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. The Goldman Sachs Group reiterated a “buy” rating and set a $96.00 price target on shares of Uber Technologies in a report on Thursday, January 2nd. Finally, Loop Capital raised their price objective on Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.53.

Uber Technologies Stock Up 2.3 %

Uber Technologies stock opened at $68.58 on Friday. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The firm has a 50 day moving average price of $66.34 and a 200-day moving average price of $70.39. The company has a market capitalization of $144.41 billion, a P/E ratio of 34.12, a P/E/G ratio of 0.71 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. The firm had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 EPS. As a group, equities analysts predict that Uber Technologies, Inc. will post 1.9 EPS for the current year.

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.