Uber Technologies, Inc. (NYSE:UBER) Holdings Boosted by Carmel Capital Partners LLC

Carmel Capital Partners LLC raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 110.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,615 shares of the ride-sharing company’s stock after buying an additional 14,998 shares during the period. Uber Technologies comprises about 0.7% of Carmel Capital Partners LLC’s investment portfolio, making the stock its 28th biggest holding. Carmel Capital Partners LLC’s holdings in Uber Technologies were worth $1,726,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of UBER. Avion Wealth boosted its stake in shares of Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after buying an additional 218 shares during the period. GHP Investment Advisors Inc. boosted its stake in shares of Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 223 shares during the period. Kieckhefer Group LLC acquired a new stake in shares of Uber Technologies during the 4th quarter valued at $33,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Uber Technologies during the 4th quarter valued at $35,000. Finally, Transcendent Capital Group LLC boosted its stake in shares of 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 valued at $42,000 after buying an additional 550 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the transaction, the insider now directly owns 86,973 shares in the company, valued at $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.84% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on UBER shares. Loop Capital lifted their target price on shares of Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Wells Fargo & Company reduced their price objective on shares of Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. JPMorgan Chase & Co. reduced their price objective on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research note on Friday, January 31st. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Uber Technologies in a research note on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.81.

Uber Technologies Stock Performance

NYSE UBER opened at $76.57 on Thursday. The stock has a market cap of $159.96 billion, a P/E ratio of 16.79, a PEG ratio of 0.89 and a beta of 1.39. The company’s 50-day simple moving average is $70.35 and its 200 day simple moving average is $71.60. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating analysts’ consensus estimates 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, research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share 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.