Trifecta Capital Advisors LLC Boosts Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Trifecta Capital Advisors LLC raised its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 86,185 shares of the ride-sharing company’s stock after purchasing an additional 4,245 shares during the quarter. Trifecta Capital Advisors LLC’s holdings in Uber Technologies were worth $5,199,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in UBER. Mengis Capital Management Inc. lifted its holdings in shares of Uber Technologies by 5.2% in the 4th quarter. Mengis Capital Management Inc. now owns 30,195 shares of the ride-sharing company’s stock valued at $1,821,000 after buying an additional 1,500 shares during the period. Holistic Financial Partners lifted its holdings in shares of Uber Technologies by 8.5% in the 4th quarter. Holistic Financial Partners now owns 3,636 shares of the ride-sharing company’s stock valued at $219,000 after buying an additional 285 shares during the period. IFP Advisors Inc lifted its holdings in shares of Uber Technologies by 35.7% in the 4th quarter. IFP Advisors Inc now owns 34,477 shares of the ride-sharing company’s stock valued at $2,080,000 after buying an additional 9,061 shares during the period. Hardman Johnston Global Advisors LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at about $4,495,000. Finally, Dover Advisors LLC lifted its holdings in shares of Uber Technologies by 28.7% in the 4th quarter. Dover Advisors LLC now owns 21,917 shares of the ride-sharing company’s stock valued at $1,322,000 after buying an additional 4,887 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Piper Sandler reissued an “overweight” rating and issued a $87.00 price objective (up previously from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, February 5th. Tigress Financial boosted their price objective on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a report on Monday, November 25th. Wolfe Research upped their price target on Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, Gordon Haskett raised Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a report on Thursday, October 31st. Eight equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $90.94.

Insider Activity

In related news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the transaction, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

UBER stock opened at $76.34 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The business has a 50 day simple moving average of $68.05 and a 200-day simple moving average of $71.34. The firm has a market capitalization of $159.46 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 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.