25,002 Shares in Uber Technologies, Inc. (NYSE:UBER) Acquired by Econ Financial Services Corp

Econ Financial Services Corp bought a new stake in Uber Technologies, Inc. (NYSE:UBER) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 25,002 shares of the ride-sharing company’s stock, valued at approximately $1,508,000.

Several other institutional investors have also added to or reduced their stakes in UBER. Kieckhefer Group LLC bought a new stake in shares of Uber Technologies during the fourth quarter worth $33,000. Retirement Wealth Solutions LLC acquired a new position in shares of Uber Technologies during the fourth quarter worth $35,000. Financial Management Professionals Inc. increased its stake in shares of Uber Technologies by 104.1% in the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after buying an additional 252 shares during the period. Transcendent Capital Group LLC raised its holdings in Uber Technologies by 3,928.6% during the 3rd 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. Finally, Crews Bank & Trust bought a new position in shares of Uber Technologies in the 4th quarter worth about $42,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Up 3.6 %

NYSE UBER opened at $69.71 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market capitalization of $146.79 billion, a PE ratio of 34.68, a PEG ratio of 0.77 and a beta of 1.39. The business’s 50-day moving average is $65.49 and its 200 day moving average is $70.09. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00.

Uber Technologies (NYSE:UBER) last released its 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 33.46% and a net margin of 10.49%. Sell-side analysts forecast that Uber Technologies, Inc. will post 1.89 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on UBER shares. JMP Securities restated a “market perform” rating on shares of Uber Technologies in a report on Friday, January 31st. Wolfe Research upped their target price on Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Evercore ISI lifted their price objective on shares of Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Daiwa America downgraded shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Finally, Truist Financial reduced their price target on Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Seven analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $90.89.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the sale, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.80% 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.