Legacy Capital Group California Inc. Invests $897,000 in Uber Technologies, Inc. (NYSE:UBER)

Legacy Capital Group California Inc. purchased a new position in Uber Technologies, Inc. (NYSE:UBER) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 14,874 shares of the ride-sharing company’s stock, valued at approximately $897,000.

Other hedge funds have also recently made changes to their positions in the company. AMF Tjanstepension AB purchased a new position in Uber Technologies in the 3rd quarter worth approximately $163,468,000. Whittier Trust Co. of Nevada Inc. raised its holdings in Uber Technologies by 25.1% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,161 shares of the ride-sharing company’s stock worth $238,000 after acquiring an additional 635 shares during the last quarter. Foundations Investment Advisors LLC raised its holdings in Uber Technologies by 34.0% in the 3rd quarter. Foundations Investment Advisors LLC now owns 8,392 shares of the ride-sharing company’s stock worth $631,000 after acquiring an additional 2,130 shares during the last quarter. BLB&B Advisors LLC purchased a new position in Uber Technologies in the 3rd quarter worth approximately $206,000. Finally, Greenleaf Trust raised its holdings in Uber Technologies by 9.5% in the 3rd quarter. Greenleaf Trust now owns 19,079 shares of the ride-sharing company’s stock worth $1,434,000 after acquiring an additional 1,659 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the transaction, the insider now owns 86,973 shares of the company’s stock, valued at $7,046,552.46. This represents a 26.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.84% of the stock is currently owned by company insiders.

Analyst Ratings Changes

UBER has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their price objective on shares of Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Tigress Financial boosted their price objective on shares of Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Citigroup decreased their price objective on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a report on Thursday, February 6th. JPMorgan Chase & Co. decreased their price objective on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $96.00 price objective on shares of Uber Technologies in a report on Thursday, January 2nd. Eight analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $90.91.

Uber Technologies Trading Up 0.3 %

Shares of UBER stock opened at $81.37 on Friday. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. 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 firm has a market capitalization of $169.97 billion, a PE ratio of 17.84, a PEG ratio of 0.89 and a beta of 1.39. The stock has a fifty day simple moving average of $67.67 and a two-hundred day simple moving average of $71.11.

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