EntryPoint Capital LLC Invests $454,000 in Uber Technologies, Inc. (NYSE:UBER)

EntryPoint Capital LLC purchased a new stake in Uber Technologies, Inc. (NYSE:UBER) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 7,519 shares of the ride-sharing company’s stock, valued at approximately $454,000.

A number of other large investors have also added to or reduced their stakes in UBER. Rovida Investment Management Ltd acquired a new stake in Uber Technologies during the fourth quarter worth about $6,636,000. Dudley Capital Management LLC acquired a new stake in shares of Uber Technologies during the 4th quarter worth approximately $274,000. Prudential Financial Inc. increased its stake in Uber Technologies by 2.4% in the fourth quarter. Prudential Financial Inc. now owns 3,160,356 shares of the ride-sharing company’s stock valued at $190,633,000 after acquiring an additional 73,232 shares during the last quarter. Congress Wealth Management LLC DE raised its position in Uber Technologies by 65.4% during the fourth quarter. Congress Wealth Management LLC DE now owns 28,999 shares of the ride-sharing company’s stock valued at $1,749,000 after purchasing an additional 11,466 shares in the last quarter. Finally, American Financial Group Inc. bought a new stake in Uber Technologies during the fourth quarter worth $5,429,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

UBER has been the topic of several recent analyst reports. Evercore ISI decreased their price target on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Citigroup lowered their target price on Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Piper Sandler reaffirmed an “overweight” rating and set a $87.00 price target (up from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. JPMorgan Chase & Co. lowered 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 report on Thursday, February 6th. Finally, Truist Financial raised their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, March 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.31.

Uber Technologies Price Performance

Uber Technologies stock opened at $75.59 on Wednesday. The stock’s 50 day moving average price is $73.06 and its two-hundred day moving average price is $71.67. The stock has a market capitalization of $157.91 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00.

Uber Technologies (NYSE:UBER) last issued its 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 net margin of 22.41% and a return on equity of 62.60%. On average, equities analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Activity

In other Uber Technologies news, insider Tony West sold 23,404 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the transaction, the insider now directly owns 114,241 shares of the company’s stock, valued at approximately $8,027,715.07. This trade represents a 17.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction dated 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 77,154 shares of company stock worth $5,793,869 in the last three months. Company insiders own 3.84% of the company’s stock.

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.