Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. boosted its stake in Uber Technologies, Inc. (NYSE:UBER) by 12.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 247,108 shares of the ride-sharing company’s stock after buying an additional 27,342 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Uber Technologies were worth $15,214,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Highlander Capital Management LLC raised its position in shares of Uber Technologies by 100.0% in the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after buying an additional 250 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in Uber Technologies by 0.4% in the 3rd quarter. Treasurer of the State of North Carolina now owns 877,589 shares of the ride-sharing company’s stock valued at $40,360,000 after acquiring an additional 3,530 shares during the last quarter. Compagnie Lombard Odier SCmA lifted its stake in Uber Technologies by 73.0% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 33,535 shares of the ride-sharing company’s stock worth $2,065,000 after purchasing an additional 14,153 shares in the last quarter. Financial Enhancement Group LLC acquired a new position in shares of Uber Technologies during the 4th quarter worth approximately $1,112,000. Finally, Fifth Third Bancorp grew its position in shares of Uber Technologies by 54.3% in the fourth quarter. Fifth Third Bancorp now owns 68,894 shares of the ride-sharing company’s stock valued at $4,242,000 after purchasing an additional 24,247 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. TheStreet raised Uber Technologies from a “c” rating to a “b-” rating in a research note on Wednesday, February 7th. Truist Financial upped their price objective on shares of Uber Technologies from $90.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Argus lifted their target price on shares of Uber Technologies from $69.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Jefferies Financial Group decreased their target price on shares of Uber Technologies from $103.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Finally, Tigress Financial raised their price target on shares of Uber Technologies from $72.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Two research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.38.

Insider Transactions at Uber Technologies

In related news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $65.93, for a total value of $32,965,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,656,996 shares of the company’s stock, valued at approximately $109,245,746.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Uber Technologies news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction on Monday, May 13th. The shares were sold at an average price of $65.63, for a total value of $1,230,562.50. Following the transaction, the insider now directly owns 206,338 shares in the company, valued at $13,541,962.94. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,656,996 shares of the company’s stock, valued at $109,245,746.28. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

Uber Technologies Stock Up 1.0 %

UBER stock opened at $64.26 on Friday. The stock has a market cap of $134.27 billion, a P/E ratio of 103.65, a PEG ratio of 1.36 and a beta of 1.39. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.80. Uber Technologies, Inc. has a twelve month low of $37.07 and a twelve month high of $82.14. The company’s 50 day moving average is $71.62 and its two-hundred day moving average is $67.60.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.53). Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The company had revenue of $10.13 billion for the quarter, compared to analyst estimates of $10.09 billion. During the same quarter in the prior year, the business earned ($0.08) earnings per share. Uber Technologies’s revenue was up 14.8% compared to the same quarter last year. Research analysts expect that Uber Technologies, Inc. will post 0.88 earnings per share for the current fiscal year.

About Uber Technologies

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.