Mirador Capital Partners LP Raises Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Mirador Capital Partners LP boosted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 40.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 85,214 shares of the ride-sharing company’s stock after purchasing an additional 24,520 shares during the period. Uber Technologies comprises 0.9% of Mirador Capital Partners LP’s portfolio, making the stock its 29th largest position. Mirador Capital Partners LP’s holdings in Uber Technologies were worth $5,140,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UBER. Geode Capital Management LLC raised its stake in Uber Technologies by 2.1% during the third quarter. Geode Capital Management LLC now owns 42,500,359 shares of the ride-sharing company’s stock valued at $3,184,013,000 after buying an additional 893,652 shares in the last quarter. Edgewood Management LLC boosted its stake in Uber Technologies by 10.5% during the 3rd quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock valued at $2,070,813,000 after purchasing an additional 2,627,768 shares in the last quarter. Legal & General Group Plc boosted its stake in Uber Technologies by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 15,238,477 shares of the ride-sharing company’s stock valued at $1,107,529,000 after purchasing an additional 237,976 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Uber Technologies by 18.3% during the 3rd quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company’s stock valued at $998,767,000 after purchasing an additional 2,056,273 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Uber Technologies by 14.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,498,209 shares of the ride-sharing company’s stock valued at $939,365,000 after purchasing an additional 1,601,747 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the transaction, the insider now owns 107,289 shares of the company’s stock, valued at $7,821,368.10. The trade was a 20.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on UBER shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, December 18th. Daiwa America lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Evercore ISI raised their price objective on Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Bank of America raised their price objective on Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, DA Davidson raised their price objective on Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Seven 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $91.53.

Uber Technologies Stock Up 1.2 %

UBER stock opened at $67.81 on Thursday. The business’s 50-day simple moving average is $66.43 and its 200 day simple moving average is $70.41. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The company has a market cap of $142.79 billion, a PE ratio of 33.74, a price-to-earnings-growth ratio of 0.71 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. During the same quarter in the previous year, the business earned $0.10 EPS. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. On average, research analysts anticipate that Uber Technologies, Inc. will post 1.9 earnings per share for the current year.

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.