Crestwood Advisors Group LLC Takes $328,000 Position in Uber Technologies, Inc. (NYSE:UBER)

Crestwood Advisors Group LLC purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,323 shares of the ride-sharing company’s stock, valued at approximately $328,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. CVA Family Office LLC bought a new position in Uber Technologies in the 4th quarter valued at $30,000. Highlander Capital Management LLC increased its position in Uber Technologies by 100.0% in the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after acquiring an additional 250 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its stake in shares of Uber Technologies by 49.7% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after acquiring an additional 174 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE grew its stake in shares of Uber Technologies by 2,545.5% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock valued at $27,000 after purchasing an additional 560 shares during the last quarter. Finally, OFI Invest Asset Management bought a new stake in shares of Uber Technologies during the third quarter valued at approximately $26,000. Institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on UBER shares. Roth Mkm upped their price objective on Uber Technologies from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Jefferies Financial Group raised their price target on Uber Technologies from $95.00 to $100.00 and gave the company a “buy” rating in a report on Friday, April 5th. Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a report on Friday, April 5th. Nomura downgraded shares of Uber Technologies from a “buy” rating to a “neutral” rating and upped their target price for the company from $59.00 to $62.00 in a research report on Friday, December 29th. Finally, Truist Financial lifted their price target on shares of Uber Technologies from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $78.21.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the transaction, the insider now directly owns 107,290 shares in the company, valued at $8,350,380.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the transaction, the insider now owns 107,290 shares in the company, valued at $8,350,380.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Tony West sold 18,750 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the transaction, the insider now directly owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The disclosure for this sale can be found here. Insiders own 3.80% of the company’s stock.

Uber Technologies Stock Down 1.2 %

UBER stock opened at $75.28 on Monday. The business’s fifty day moving average price is $76.74 and its two-hundred day moving average price is $62.83. The stock has a market capitalization of $156.69 billion, a price-to-earnings ratio of 87.53, a PEG ratio of 1.21 and a beta of 1.36. Uber Technologies, Inc. has a fifty-two week low of $29.22 and a fifty-two week high of $82.14. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.50. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The business had revenue of $9.94 billion during the quarter, compared to analysts’ expectations of $9.76 billion. During the same quarter in the previous year, the company earned $0.29 EPS. The business’s revenue was up 15.4% on a year-over-year basis. On average, equities analysts anticipate that Uber Technologies, Inc. will post 1.2 earnings per share for the current year.

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.