C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Invests $114,000 in Uber Technologies, Inc. (NYSE:UBER)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,895 shares of the ride-sharing company’s stock, valued at approximately $114,000.

Several other hedge funds also recently modified their holdings of the business. Van ECK Associates Corp grew its stake in Uber Technologies by 228.0% in the 4th quarter. Van ECK Associates Corp now owns 14,910 shares of the ride-sharing company’s stock valued at $899,000 after buying an additional 10,364 shares during the last quarter. Avion Wealth grew its stake in Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after buying an additional 218 shares during the last quarter. Jmac Enterprises LLC grew its stake in Uber Technologies by 5.1% in the 4th quarter. Jmac Enterprises LLC now owns 7,713 shares of the ride-sharing company’s stock valued at $465,000 after buying an additional 373 shares during the last quarter. Gladstone Institutional Advisory LLC grew its stake in Uber Technologies by 233.1% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 64,623 shares of the ride-sharing company’s stock valued at $3,898,000 after buying an additional 45,222 shares during the last quarter. Finally, Capital Advisors Inc. OK grew its stake in Uber Technologies by 2.1% in the 4th quarter. Capital Advisors Inc. OK now owns 515,240 shares of the ride-sharing company’s stock valued at $31,079,000 after buying an additional 10,843 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER stock opened at $79.31 on Friday. The company’s fifty day simple moving average is $66.01 and its 200-day simple moving average is $70.48. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The firm has a market cap of $167.00 billion, a PE ratio of 17.39, a P/E/G ratio of 0.81 and a beta of 1.39. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Equities research analysts expect that Uber Technologies, Inc. will post 2.4 EPS for the current fiscal year.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the sale, the insider now directly owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.84% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, February 5th. The Goldman Sachs Group restated a “buy” rating and issued a $96.00 price target on shares of Uber Technologies in a research report on Thursday, January 2nd. DA Davidson decreased their price target on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Tigress Financial raised their price target on shares of Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, KeyCorp decreased their price target on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Seven research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.70.

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.