Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by ELCO Management Co. LLC

ELCO Management Co. LLC lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 162.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,487 shares of the ride-sharing company’s stock after acquiring an additional 10,827 shares during the quarter. ELCO Management Co. LLC’s holdings in Uber Technologies were worth $1,055,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in UBER. Avion Wealth raised its holdings in Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after buying an additional 218 shares in the last quarter. Runnymede Capital Advisors Inc. acquired a new stake in Uber Technologies in the fourth quarter worth about $28,000. GHP Investment Advisors Inc. boosted its holdings in Uber Technologies by 85.1% during the fourth 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 stake in shares of Uber Technologies in the fourth quarter worth about $33,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Uber Technologies during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analysts Set New Price Targets

UBER has been the subject of several research reports. Evercore ISI dropped their price target on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Wolfe Research lifted their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Benchmark restated a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. JPMorgan Chase & Co. reduced their price objective on Uber Technologies from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Uber Technologies in a research report on Thursday, February 6th. Ten investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $90.03.

Uber Technologies Trading Down 1.5 %

NYSE:UBER opened at $64.69 on Wednesday. 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 50-day simple moving average of $73.57 and a 200-day simple moving average of $71.56. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The firm has a market cap of $135.31 billion, a P/E ratio of 14.19, a P/E/G ratio of 0.89 and a beta of 1.37.

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%. Equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other news, insider Tony West sold 23,404 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the sale, the insider now owns 114,241 shares of the company’s stock, valued at $8,027,715.07. This 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 available through this hyperlink. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 77,154 shares of company stock valued at $5,793,869. 3.84% of the stock is owned by insiders.

Uber Technologies 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.