SPX Gestao de Recursos Ltda Acquires Shares of 45,000 Uber Technologies, Inc. (NYSE:UBER)

SPX Gestao de Recursos Ltda purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 45,000 shares of the ride-sharing company’s stock, valued at approximately $2,714,000.

Other large investors have also modified their holdings of the company. Avion Wealth raised its stake 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 during the last quarter. GHP Investment Advisors Inc. raised its stake in shares of Uber Technologies by 85.1% during the fourth 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 last quarter. Retirement Wealth Solutions LLC purchased a new stake in shares of Uber Technologies during the fourth quarter worth approximately $35,000. Kieckhefer Group LLC purchased a new stake in shares of Uber Technologies during the fourth quarter worth approximately $33,000. Finally, Transcendent Capital Group LLC raised its stake in shares of Uber Technologies by 3,928.6% during the third quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock worth $42,000 after purchasing an additional 550 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

UBER has been the subject of several analyst reports. Piper Sandler restated an “overweight” rating and set a $87.00 price target (up previously from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. JMP Securities reiterated a “market perform” rating on shares of Uber Technologies in a research report on Thursday, February 6th. Arete Research upgraded Uber Technologies to a “hold” rating in a research report on Tuesday, February 18th. Evercore ISI cut their price objective on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. Finally, Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $90.71.

Uber Technologies Stock Performance

NYSE UBER opened at $73.00 on Tuesday. The business’s 50-day moving average price is $71.16 and its 200 day moving average price is $71.61. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The company has a market capitalization of $152.51 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. On average, research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 86,973 shares in the company, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.84% of the company’s stock.

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.