Condor Capital Management Acquires New Position in Uber Technologies, Inc. (NYSE:UBER)

Condor Capital Management acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 30,295 shares of the ride-sharing company’s stock, valued at approximately $1,827,000.

A number of other institutional investors have also modified their holdings of UBER. Prospera Financial Services Inc grew its position in shares of Uber Technologies by 20.5% during the 3rd quarter. Prospera Financial Services Inc now owns 65,657 shares of the ride-sharing company’s stock valued at $4,935,000 after buying an additional 11,186 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Uber Technologies during the 3rd quarter valued at about $8,812,000. PNC Financial Services Group Inc. grew its position in shares of Uber Technologies by 26.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 326,829 shares of the ride-sharing company’s stock valued at $24,564,000 after buying an additional 68,833 shares during the last quarter. West Family Investments Inc. grew its position in shares of Uber Technologies by 42.0% during the 3rd quarter. West Family Investments Inc. now owns 5,792 shares of the ride-sharing company’s stock valued at $435,000 after buying an additional 1,714 shares during the last quarter. Finally, Prospera Private Wealth LLC grew its position in shares of Uber Technologies by 371.0% during the 3rd quarter. Prospera Private Wealth LLC now owns 16,235 shares of the ride-sharing company’s stock valued at $1,220,000 after buying an additional 12,788 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In other news, insider Tony West sold 23,404 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the transaction, the insider now owns 114,241 shares in the company, valued at $8,027,715.07. This represents a 17.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the transaction, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 74,404 shares of company stock worth $5,587,619 in the last 90 days. 3.84% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on UBER. Tigress Financial upped their target price 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. JMP Securities restated a “market perform” rating on shares of Uber Technologies in a research report on Thursday, February 6th. Truist Financial upped their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. Piper Sandler restated an “overweight” rating and issued a $87.00 target price (up previously from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Finally, DA Davidson decreased their target price on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.31.

Uber Technologies Stock Up 1.9 %

Shares of NYSE:UBER opened at $72.89 on Thursday. The company has a market cap of $152.27 billion, a PE ratio of 15.99, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. 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 50 day simple moving average of $72.25 and a 200 day simple moving average of $71.56. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00.

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