Dudley Capital Management LLC Takes Position in Uber Technologies, Inc. (NYSE:UBER)

Dudley Capital Management LLC bought a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the 4th quarter, HoldingsChannel.com reports. The fund bought 4,542 shares of the ride-sharing company’s stock, valued at approximately $274,000.

A number of other large investors also recently added to or reduced their stakes in UBER. Teachers Retirement System of The State of Kentucky grew its position in Uber Technologies by 4.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock worth $24,180,000 after acquiring an additional 13,433 shares during the last quarter. Polianta Ltd purchased a new position in shares of Uber Technologies in the 4th quarter valued at approximately $1,206,000. Allworth Financial LP boosted its position in shares of Uber Technologies by 8.9% during the fourth quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock valued at $1,229,000 after purchasing an additional 1,663 shares in the last quarter. Brophy Wealth Management LLC purchased a new stake in shares of Uber Technologies in the 3rd quarter worth about $1,041,000. Finally, Lecap Asset Management Ltd. purchased a new stake in shares of Uber Technologies in the 4th quarter worth about $3,188,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 31,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tony West sold 23,404 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the transaction, the insider now directly owns 114,241 shares of the company’s stock, valued at approximately $8,027,715.07. This trade represents a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 77,154 shares of company stock worth $5,793,869. 3.84% of the stock is owned by insiders.

Uber Technologies Trading Up 0.9 %

Shares of UBER stock opened at $76.54 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The stock has a fifty day simple moving average of $72.85 and a two-hundred day simple moving average of $71.63. The firm has a market capitalization of $159.90 billion, a PE ratio of 16.79, a PEG ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00.

Uber Technologies (NYSE:UBER) last released its earnings results 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%. On average, analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

UBER has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their price objective on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Citizens Jmp cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Fox Advisors cut Uber Technologies from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 11th. Piper Sandler reiterated an “overweight” rating and issued a $87.00 price target (up previously from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Finally, UBS Group restated a “buy” rating on shares of Uber Technologies in a research note on Friday, February 21st. Ten investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $90.31.

Uber Technologies 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.