Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Telemus Capital LLC

Telemus Capital LLC boosted its position in Uber Technologies, Inc. (NYSE:UBER) by 12.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,458 shares of the ride-sharing company’s stock after purchasing an additional 1,293 shares during the period. Telemus Capital LLC’s holdings in Uber Technologies were worth $705,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. CVA Family Office LLC purchased a new position in Uber Technologies in the fourth quarter valued at about $30,000. Highlander Capital Management LLC increased its holdings in 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 in the last quarter. Blue Bell Private Wealth Management LLC increased its holdings in 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 valued at $32,000 after buying an additional 174 shares in the last quarter. Oliver Lagore Vanvalin Investment Group increased its holdings in Uber Technologies by 82.9% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 578 shares of the ride-sharing company’s stock valued at $36,000 after buying an additional 262 shares in the last quarter. Finally, Ritter Daniher Financial Advisory LLC DE increased its holdings in Uber Technologies by 2,545.5% in 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 buying an additional 560 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on UBER shares. BTIG Research increased their target price on shares of Uber Technologies from $80.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Truist Financial raised their price objective on shares of Uber Technologies from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, March 27th. Royal Bank of Canada reissued an “outperform” rating and set a $85.00 price objective on shares of Uber Technologies in a research note on Thursday, February 15th. Piper Sandler raised their price objective on shares of Uber Technologies from $78.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. Finally, TheStreet raised shares of Uber Technologies from a “c” rating to a “b-” rating in a research note on Wednesday, February 7th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $78.94.

Uber Technologies Stock Performance

UBER stock opened at $69.00 on Tuesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market capitalization of $143.62 billion, a price-to-earnings ratio of 80.23, a PEG ratio of 1.10 and a beta of 1.36. Uber Technologies, Inc. has a 1 year low of $29.22 and a 1 year high of $82.14. The stock’s fifty day moving average is $76.89 and its two-hundred day moving average is $63.94.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.50. The company had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.76 billion. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period last year, the business posted $0.29 earnings per share. On average, research analysts predict that Uber Technologies, Inc. will post 1.22 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction on 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 sale, the insider now directly owns 107,290 shares in the company, valued at $8,350,380.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the transaction, the insider now directly owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tony West sold 18,750 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the transaction, the insider now directly owns 185,566 shares in the company, valued at $13,004,465.28. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by company insiders.

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.