Barden Capital Management Inc. Acquires 172 Shares of Uber Technologies, Inc. (NYSE:UBER)

Barden Capital Management Inc. lifted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,109 shares of the ride-sharing company’s stock after purchasing an additional 172 shares during the period. Barden Capital Management Inc.’s holdings in Uber Technologies were worth $911,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in UBER. Avidian Wealth Enterprises LLC bought a new position in Uber Technologies during the third quarter valued at about $292,000. Harvest Portfolios Group Inc. increased its stake in Uber Technologies by 17.6% during the third quarter. Harvest Portfolios Group Inc. now owns 14,051 shares of the ride-sharing company’s stock valued at $1,056,000 after acquiring an additional 2,103 shares during the period. Concurrent Investment Advisors LLC increased its stake in Uber Technologies by 4.4% during the third quarter. Concurrent Investment Advisors LLC now owns 66,665 shares of the ride-sharing company’s stock valued at $5,011,000 after acquiring an additional 2,813 shares during the period. Hanseatic Management Services Inc. increased its stake in Uber Technologies by 23.3% during the third quarter. Hanseatic Management Services Inc. now owns 1,238 shares of the ride-sharing company’s stock valued at $93,000 after acquiring an additional 234 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Uber Technologies by 7.1% during the third quarter. Principal Financial Group Inc. now owns 2,460,332 shares of the ride-sharing company’s stock valued at $184,919,000 after acquiring an additional 162,528 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wells Fargo & Company lowered their price target on Uber Technologies from $90.00 to $87.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. DA Davidson decreased their price objective on Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Tigress Financial lifted 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. JMP Securities reaffirmed a “market perform” rating on shares of Uber Technologies in a report on Thursday, February 6th. Finally, Citigroup decreased their price objective on Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Eight 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $90.71.

Uber Technologies Price Performance

UBER opened at $74.88 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.07 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 company has a fifty day simple moving average of $70.62 and a 200 day simple moving average of $71.63. The stock has a market cap of $156.41 billion, a P/E ratio of 16.42, 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 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. On average, research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction dated 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 owns 86,973 shares in the company, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies 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.