Kovack Advisors Inc. Has $591,000 Position in Uber Technologies, Inc. (NYSE:UBER)

Kovack Advisors Inc. boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 23.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,803 shares of the ride-sharing company’s stock after buying an additional 1,830 shares during the quarter. Kovack Advisors Inc.’s holdings in Uber Technologies were worth $591,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UBER. Avion Wealth lifted its stake in shares of Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after purchasing an additional 218 shares during the period. GHP Investment Advisors Inc. raised its stake in Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 223 shares during the period. Kieckhefer Group LLC acquired a new position in Uber Technologies during the 4th quarter worth approximately $33,000. Retirement Wealth Solutions LLC bought a new stake in Uber Technologies during the 4th quarter worth approximately $35,000. Finally, Transcendent Capital Group LLC increased its holdings in Uber Technologies by 3,928.6% during the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock worth $42,000 after purchasing an additional 550 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Performance

Uber Technologies stock opened at $76.07 on Friday. The stock’s 50 day simple moving average is $69.53 and its two-hundred day simple moving average is $71.53. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The stock has a market cap of $158.90 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating 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%. As a group, analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the sale, the insider now directly owns 86,973 shares of the company’s stock, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on UBER. DA Davidson reduced their target price on Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, February 6th. KeyCorp reduced their price objective on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Royal Bank of Canada reissued an “outperform” rating and set a $82.00 price objective on shares of Uber Technologies in a report on Thursday, February 6th. Evercore ISI reduced their price objective on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Finally, Arete Research raised Uber Technologies to a “hold” rating in a report on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $90.94.

Uber Technologies 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.