Baxter Bros Inc. Purchases 26,861 Shares of Uber Technologies, Inc. (NYSE:UBER)

Baxter Bros Inc. raised its position in Uber Technologies, Inc. (NYSE:UBER) by 570.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 31,571 shares of the ride-sharing company’s stock after acquiring an additional 26,861 shares during the period. Baxter Bros Inc.’s holdings in Uber Technologies were worth $1,904,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Avion Wealth lifted its position in shares of Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 218 shares in the last quarter. Runnymede Capital Advisors Inc. acquired a new stake in Uber Technologies in the 4th quarter valued at $28,000. 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 worth $29,000 after buying an additional 223 shares during the last quarter. Kieckhefer Group LLC bought a new position in shares of Uber Technologies in the 4th quarter valued at about $33,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Truist Financial increased their price target on Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, March 6th. UBS Group reissued a “buy” rating on shares of Uber Technologies in a research note on Friday, February 21st. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. Royal Bank of Canada reissued an “outperform” rating and issued a $82.00 price objective on shares of Uber Technologies in a research report on Thursday, February 6th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $87.00 target price (up from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $90.31.

Uber Technologies Stock Performance

NYSE UBER opened at $76.54 on Tuesday. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The firm has a market capitalization of $159.90 billion, a price-to-earnings ratio of 16.79, a P/E/G ratio of 0.89 and a beta of 1.39. 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 firm’s 50 day simple moving average is $72.85 and its 200 day simple moving average is $71.63.

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, 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, research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Nikki Krishnamurthy sold 20,000 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the sale, the senior vice president now owns 361,908 shares of the company’s stock, valued at $25,901,755.56. This trade represents a 5.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Tony West sold 23,404 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the transaction, the insider now directly owns 114,241 shares of the company’s stock, valued at approximately $8,027,715.07. The trade was a 17.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,154 shares of company stock valued at $5,793,869. 3.84% of the stock is currently owned by corporate 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.