Kovack Advisors Inc. Buys 1,830 Shares of Uber Technologies, Inc. (NYSE:UBER)

Kovack Advisors Inc. raised its stake in Uber Technologies, Inc. (NYSE:UBER) by 23.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,803 shares of the ride-sharing company’s stock after purchasing an additional 1,830 shares during the quarter. Kovack Advisors Inc.’s holdings in Uber Technologies were worth $591,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Ascent Wealth Partners LLC acquired a new stake in shares of Uber Technologies in the third quarter valued at approximately $2,087,000. Teachers Retirement System of The State of Kentucky lifted its position in shares of Uber Technologies by 4.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock valued at $24,180,000 after buying an additional 13,433 shares during the last quarter. Aviso Wealth Management acquired a new stake in shares of Uber Technologies in the third quarter valued at approximately $2,302,000. Polianta Ltd acquired a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $1,206,000. Finally, Allworth Financial LP lifted its position in shares of Uber Technologies by 8.9% in the fourth quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock valued at $1,229,000 after buying an additional 1,663 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. UBS Group reaffirmed a “buy” rating on shares of Uber Technologies in a research report on Friday, February 21st. Citigroup dropped their price target on Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a report on Thursday, February 6th. JMP Securities reissued a “market perform” rating on shares of Uber Technologies in a report on Thursday, February 6th. 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. Finally, Citizens Jmp cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Eight equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average price target of $90.94.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies 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 transaction, the insider now directly owns 86,973 shares of the company’s stock, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.80% of the stock is currently owned by corporate insiders.

Uber Technologies Trading Up 2.5 %

Shares of UBER stock opened at $76.07 on Friday. The firm has a market capitalization of $158.90 billion, a P/E ratio of 16.68, a P/E/G ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The stock’s fifty day simple moving average is $69.53 and its 200 day simple moving average is $71.53.

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

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.