Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC raised its position in Uber Technologies, Inc. (NYSE:UBER) by 74.0% during the fourth quarter, Holdings Channel reports. The firm owned 16,771 shares of the ride-sharing company’s stock after buying an additional 7,134 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Uber Technologies were worth $1,033,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UBER. American Century Companies Inc. raised its position in Uber Technologies by 28.7% in the first quarter. American Century Companies Inc. now owns 23,045 shares of the ride-sharing company’s stock valued at $822,000 after purchasing an additional 5,142 shares during the period. MetLife Investment Management LLC purchased a new stake in shares of Uber Technologies during the first quarter worth $3,359,000. Panagora Asset Management Inc. increased its position in shares of Uber Technologies by 29.3% during the first quarter. Panagora Asset Management Inc. now owns 22,650 shares of the ride-sharing company’s stock worth $808,000 after acquiring an additional 5,134 shares during the period. Yousif Capital Management LLC increased its holdings in Uber Technologies by 11.7% in the first quarter. Yousif Capital Management LLC now owns 26,298 shares of the ride-sharing company’s stock valued at $938,000 after buying an additional 2,756 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Uber Technologies by 17.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,144,337 shares of the ride-sharing company’s stock valued at $40,838,000 after buying an additional 168,475 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Nomura lowered Uber Technologies from a “buy” rating to a “neutral” rating and increased their target price for the company from $59.00 to $62.00 in a report on Friday, December 29th. Truist Financial upped their price objective on shares of Uber Technologies from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday. Oppenheimer upped their price objective on shares of Uber Technologies from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, December 4th. Piper Sandler upped their price objective on shares of Uber Technologies from $78.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. Finally, UBS Group increased their target price on shares of Uber Technologies from $94.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Two analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.41.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the transaction, the insider now directly owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the sale, the insider now directly owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the sale, the insider now directly owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Trading Up 0.3 %

Shares of Uber Technologies stock opened at $78.11 on Thursday. Uber Technologies, Inc. has a 12-month low of $29.22 and a 12-month high of $82.14. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79. The stock has a market cap of $162.20 billion, a PE ratio of 90.83, a price-to-earnings-growth ratio of 1.26 and a beta of 1.37. The company has a 50-day moving average of $74.26 and a two-hundred day moving average of $60.24.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.50. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The company had revenue of $9.94 billion during the quarter, compared to analysts’ expectations of $9.76 billion. During the same period last year, the company posted $0.29 earnings per share. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. On average, research analysts anticipate that Uber Technologies, Inc. will post 1.19 EPS for the current fiscal 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.