West Family Investments Inc. trimmed its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 3.0% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 30,075 shares of the ride-sharing company’s stock after selling 925 shares during the period. West Family Investments Inc.’s holdings in Uber Technologies were worth $1,639,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. M&G Investment Management Ltd. acquired a new stake in shares of Uber Technologies in the fourth quarter valued at about $242,000. Winslow Evans & Crocker Inc. increased its holdings in Uber Technologies by 4,900.0% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 2,500 shares of the ride-sharing company’s stock valued at $128,000 after buying an additional 2,450 shares in the last quarter. Reilly Financial Advisors LLC lifted its position in shares of Uber Technologies by 52.5% during the 4th quarter. Reilly Financial Advisors LLC now owns 1,281 shares of the ride-sharing company’s stock valued at $65,000 after acquiring an additional 441 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Uber Technologies during the 4th quarter worth approximately $913,000. Finally, DB Wealth Management Group LLC acquired a new stake in shares of Uber Technologies in the 4th quarter worth approximately $26,000. 73.80% of the stock is owned by institutional investors and hedge funds.
NYSE UBER traded up $0.24 during mid-day trading on Friday, hitting $49.79. The company’s stock had a trading volume of 225,666 shares, compared to its average volume of 21,100,227. The stock has a market cap of $93.19 billion, a price-to-earnings ratio of -22.12 and a beta of 1.55. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.57. Uber Technologies, Inc. has a 52-week low of $28.39 and a 52-week high of $64.05. The company has a fifty day moving average price of $52.81.
UBER has been the topic of a number of research analyst reports. Needham & Company LLC started coverage on Uber Technologies in a research report on Monday, May 3rd. They set a “buy” rating and a $77.00 target price on the stock. Cowen increased their price objective on shares of Uber Technologies from $64.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, February 11th. Oppenheimer raised their target price on shares of Uber Technologies from $62.00 to $79.00 and gave the company an “outperform” rating in a report on Thursday, February 11th. Susquehanna upped their price target on shares of Uber Technologies from $45.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, February 11th. Finally, BTIG Research reissued a “buy” rating on shares of Uber Technologies in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $65.84.
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 the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services and other forms of transportation services, including public transit, as well as connect riders and other consumers with restaurants, grocers, other stores, and delivery service providers for meal preparation, grocery, and other delivery services.
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