Analyst IMS Investment Management Services Ltd. Has $389,000 Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Analyst IMS Investment Management Services Ltd. increased its stake in Uber Technologies, Inc. (NYSE:UBER) by 23.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,452 shares of the ride-sharing company’s stock after buying an additional 1,213 shares during the quarter. Analyst IMS Investment Management Services Ltd.’s holdings in Uber Technologies were worth $389,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in UBER. Venturi Wealth Management LLC increased its position in Uber Technologies by 40.3% during the third quarter. Venturi Wealth Management LLC now owns 2,035 shares of the ride-sharing company’s stock worth $153,000 after buying an additional 585 shares during the last quarter. Versor Investments LP bought a new position in shares of Uber Technologies during the 3rd quarter worth approximately $676,000. Apollon Wealth Management LLC increased its holdings in shares of Uber Technologies by 10.8% during the 3rd quarter. Apollon Wealth Management LLC now owns 22,939 shares of the ride-sharing company’s stock worth $1,724,000 after acquiring an additional 2,235 shares during the last quarter. Harbour Investments Inc. raised its stake in Uber Technologies by 3.0% in the 3rd quarter. Harbour Investments Inc. now owns 10,827 shares of the ride-sharing company’s stock valued at $814,000 after acquiring an additional 318 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in Uber Technologies during the 3rd quarter valued at $683,000. 80.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Wolfe Research upped their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Citizens Jmp lowered shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. UBS Group restated a “buy” rating on shares of Uber Technologies in a research report on Friday, February 21st. Fox Advisors downgraded Uber Technologies from an “overweight” rating to an “equal weight” rating in a research report on Tuesday. Finally, Needham & Company LLC reissued a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a report on Wednesday, February 5th. Ten investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and an average target price of $90.31.

Uber Technologies Stock Down 2.6 %

Shares of UBER opened at $69.37 on Friday. The stock has a market capitalization of $144.91 billion, a price-to-earnings ratio of 15.21, a PEG ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. 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 stock has a fifty day moving average of $71.71 and a 200-day moving average of $71.57.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 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%. As a group, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 31,000 shares of the firm’s 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 completion of the transaction, the insider now directly owns 86,973 shares of the company’s stock, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.84% of the stock is owned by corporate insiders.

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.