D.A. Davidson & CO. Buys 46,163 Shares of Uber Technologies, Inc. (NYSE:UBER)

D.A. Davidson & CO. raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 70.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,286 shares of the ride-sharing company’s stock after buying an additional 46,163 shares during the period. D.A. Davidson & CO.’s holdings in Uber Technologies were worth $6,713,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Avion Wealth increased its position in shares of Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 218 shares in the last quarter. GHP Investment Advisors Inc. grew its position in Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 223 shares during the period. Financial Management Professionals Inc. boosted its stake in shares of Uber Technologies by 104.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock worth $37,000 after acquiring an additional 252 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new stake in shares of Uber Technologies during the 4th quarter worth about $35,000. Finally, Kieckhefer Group LLC purchased a new stake in shares of Uber Technologies during the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction dated 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 owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of research reports. Citigroup decreased their price target on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. JMP Securities restated a “market perform” rating on shares of Uber Technologies in a report on Thursday, February 6th. JPMorgan Chase & Co. cut their price target on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Piper Sandler reiterated an “overweight” rating and issued a $87.00 target price (up previously from $80.00) on shares of Uber Technologies in a report on Tuesday. Finally, Citizens Jmp downgraded shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Seven equities research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $90.91.

Uber Technologies Trading Down 0.4 %

NYSE UBER opened at $81.17 on Thursday. 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 market cap of $170.93 billion, a PE ratio of 17.80, a P/E/G ratio of 0.87 and a beta of 1.39. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The firm’s fifty day moving average is $67.27 and its two-hundred day moving average is $71.04.

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 net margin of 22.41% and a return on equity of 62.60%. Analysts expect that Uber Technologies, Inc. will post 2.52 earnings per share for the current year.

Uber Technologies Company 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.