Dover Advisors LLC Buys 4,887 Shares of Uber Technologies, Inc. (NYSE:UBER)

Dover Advisors LLC lifted its position in Uber Technologies, Inc. (NYSE:UBER) by 28.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 21,917 shares of the ride-sharing company’s stock after acquiring an additional 4,887 shares during the quarter. Dover Advisors LLC’s holdings in Uber Technologies were worth $1,322,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd purchased a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $3,629,000. MONECO Advisors LLC grew its stake in Uber Technologies by 10.6% in the 4th quarter. MONECO Advisors LLC now owns 5,357 shares of the ride-sharing company’s stock valued at $323,000 after purchasing an additional 513 shares during the period. Howard Capital Management Inc. grew its stake in Uber Technologies by 6.4% in the 4th quarter. Howard Capital Management Inc. now owns 12,611 shares of the ride-sharing company’s stock valued at $761,000 after purchasing an additional 757 shares during the period. Wealthspire Advisors LLC increased its position in shares of Uber Technologies by 3.6% during the 4th quarter. Wealthspire Advisors LLC now owns 26,031 shares of the ride-sharing company’s stock valued at $1,570,000 after purchasing an additional 905 shares during the last quarter. Finally, Matauro LLC bought a new stake in shares of Uber Technologies during the 4th quarter worth $1,228,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on UBER shares. Evercore ISI reduced their price target on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. Tigress Financial raised their price target on shares of Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Wolfe Research upped their price objective on Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Truist Financial reduced their price objective on Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, Citizens Jmp lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Eight research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $90.94.

Uber Technologies Stock Performance

Shares of UBER opened at $78.89 on Monday. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The company has a market cap of $164.79 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The stock has a 50-day moving average price of $68.05 and a 200-day moving average price of $71.34.

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

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,000 shares of the 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 transaction, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.84% of the stock is currently owned by insiders.

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.