Oarsman Capital Inc. Grows Holdings in Uber Technologies, Inc. (NYSE:UBER)

Oarsman Capital Inc. grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 7.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,004 shares of the ride-sharing company’s stock after buying an additional 342 shares during the period. Oarsman Capital Inc.’s holdings in Uber Technologies were worth $302,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Resona Asset Management Co. Ltd. purchased a new stake in Uber Technologies in the fourth quarter worth approximately $32,853,000. Solstein Capital LLC boosted its stake in shares of Uber Technologies by 1,306.1% in the 4th quarter. Solstein Capital LLC now owns 4,359 shares of the ride-sharing company’s stock valued at $263,000 after purchasing an additional 4,049 shares in the last quarter. Wealth Advisors of Tampa Bay LLC grew its holdings in shares of Uber Technologies by 4.4% during the 4th quarter. Wealth Advisors of Tampa Bay LLC now owns 30,749 shares of the ride-sharing company’s stock valued at $1,855,000 after purchasing an additional 1,290 shares during the last quarter. Lynwood Price Capital Management LP purchased a new position in Uber Technologies in the 4th quarter worth $7,600,000. Finally, Prudential PLC lifted its stake in Uber Technologies by 18.7% in the fourth quarter. Prudential PLC now owns 204,485 shares of the ride-sharing company’s stock worth $12,335,000 after purchasing an additional 32,194 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies Trading Down 7.7 %

NYSE UBER opened at $64.50 on Friday. The stock’s fifty day moving average price is $73.75 and its 200-day moving average price is $71.75. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The stock has a market cap of $134.92 billion, a P/E ratio of 14.14, 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.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. As a group, equities analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity

In related 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 sale, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. This trade represents a 11.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tony West sold 23,404 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 114,241 shares in the company, valued at $8,027,715.07. This represents a 17.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,154 shares of company stock worth $5,793,869 over the last 90 days. 3.84% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UBER. Citizens Jmp cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research note on Friday, January 31st. The Goldman Sachs Group reissued a “buy” rating and set a $96.00 price objective on shares of Uber Technologies in a research note on Thursday, January 2nd. Wolfe Research lifted their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Finally, Truist Financial raised their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, March 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average target price 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.