Xponance Inc. Has $28.45 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Xponance Inc. grew its stake in Uber Technologies, Inc. (NYSE:UBER) by 3.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 471,665 shares of the ride-sharing company’s stock after purchasing an additional 15,155 shares during the period. Xponance Inc.’s holdings in Uber Technologies were worth $28,451,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Welch & Forbes LLC increased its stake in shares of Uber Technologies by 3.9% in the 4th quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company’s stock valued at $237,000 after acquiring an additional 148 shares in the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC increased its stake in shares of Uber Technologies by 3.5% in the 4th quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company’s stock valued at $282,000 after acquiring an additional 150 shares in the last quarter. Canopy Partners LLC increased its stake in shares of Uber Technologies by 2.2% in the 3rd quarter. Canopy Partners LLC now owns 6,958 shares of the ride-sharing company’s stock valued at $523,000 after acquiring an additional 151 shares in the last quarter. Drive Wealth Management LLC increased its stake in shares of Uber Technologies by 3.1% in the 4th quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company’s stock valued at $312,000 after acquiring an additional 155 shares in the last quarter. Finally, Institute for Wealth Management LLC. increased its stake in shares of Uber Technologies by 2.4% in the 4th quarter. Institute for Wealth Management LLC. now owns 6,606 shares of the ride-sharing company’s stock valued at $398,000 after acquiring an additional 155 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were 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 of the company’s stock, valued at approximately $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 at this hyperlink. Also, insider Tony West sold 23,404 shares of the firm’s stock in a transaction dated 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 directly owns 114,241 shares in the company, valued at $8,027,715.07. This trade represents a 17.00 % decrease in their position. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on UBER. Arete Research upgraded shares of Uber Technologies to a “hold” rating in a research note on Tuesday, February 18th. JMP Securities restated a “market perform” rating on shares of Uber Technologies in a research note on Thursday, February 6th. Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, February 5th. Citigroup decreased their price target on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $82.00 price target on shares of Uber Technologies in a research note on Thursday, February 6th. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and an average price target of $90.31.

Uber Technologies Stock Up 1.6 %

NYSE UBER opened at $72.71 on Tuesday. The stock’s 50 day moving average is $71.98 and its 200 day moving average is $71.56. 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, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The stock has a market cap of $151.89 billion, a PE ratio of 15.95, a P/E/G ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data 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 return on equity of 62.60% and a net margin of 22.41%. Research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal 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.