Capital Advisors Inc. OK Acquires 10,843 Shares of Uber Technologies, Inc. (NYSE:UBER)

Capital Advisors Inc. OK raised its holdings in Uber Technologies, Inc. (NYSE:UBER) by 2.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 515,240 shares of the ride-sharing company’s stock after purchasing an additional 10,843 shares during the period. Capital Advisors Inc. OK’s holdings in Uber Technologies were worth $31,079,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GHP Investment Advisors Inc. grew its position in Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 223 shares during the last quarter. Kieckhefer Group LLC acquired a new stake in shares of Uber Technologies during the fourth quarter valued at about $33,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Uber Technologies during the fourth quarter valued at about $35,000. Financial Management Professionals Inc. boosted its stake in shares of Uber Technologies by 104.1% during the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after purchasing an additional 252 shares in the last quarter. Finally, Transcendent Capital Group LLC boosted its stake in shares of Uber Technologies by 3,928.6% during the third quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock valued at $42,000 after purchasing an additional 550 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Down 2.2 %

Shares of Uber Technologies stock opened at $76.90 on Wednesday. The stock has a fifty day simple moving average of $65.45 and a 200 day simple moving average of $70.26. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The company has a market capitalization of $161.93 billion, a P/E ratio of 16.86, a price-to-earnings-growth ratio of 0.81 and a beta of 1.39. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last announced its quarterly 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, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the transaction, the insider now owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.84% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on UBER. Gordon Haskett raised Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Thursday, October 31st. JPMorgan Chase & Co. cut their price target on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Daiwa Capital Markets lowered Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective on the stock. in a research note on Thursday, October 17th. Daiwa America lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, Citizens Jmp lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Seven investment analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $90.70.

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.