Carmel Capital Partners LLC Increases Holdings in Uber Technologies, Inc. (NYSE:UBER)

Carmel Capital Partners LLC increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 110.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,615 shares of the ride-sharing company’s stock after purchasing an additional 14,998 shares during the period. Uber Technologies accounts for about 0.7% of Carmel Capital Partners LLC’s holdings, making the stock its 28th biggest holding. Carmel Capital Partners LLC’s holdings in Uber Technologies were worth $1,726,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in UBER. Intact Investment Management Inc. purchased a new position in Uber Technologies in the 3rd quarter valued at about $256,000. Avidian Wealth Enterprises LLC acquired a new stake in shares of Uber Technologies in the 3rd quarter valued at about $292,000. Catalina Capital Group LLC raised its stake in shares of Uber Technologies by 3.4% in the 3rd quarter. Catalina Capital Group LLC now owns 12,777 shares of the ride-sharing company’s stock valued at $960,000 after purchasing an additional 419 shares in the last quarter. Harvest Portfolios Group Inc. raised its stake in shares of Uber Technologies by 17.6% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 14,051 shares of the ride-sharing company’s stock valued at $1,056,000 after purchasing an additional 2,103 shares in the last quarter. Finally, Concurrent Investment Advisors LLC raised its stake in shares of Uber Technologies by 4.4% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 66,665 shares of the ride-sharing company’s stock valued at $5,011,000 after purchasing an additional 2,813 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the transaction, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Trading Up 1.7 %

Uber Technologies stock opened at $76.57 on Thursday. The stock has a market capitalization of $159.96 billion, a PE ratio of 16.79, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The firm has a 50 day simple moving average of $70.35 and a 200-day simple moving average of $71.60.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. As a group, equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on UBER. Royal Bank of Canada restated an “outperform” rating and issued a $82.00 target price on shares of Uber Technologies in a research note on Thursday, February 6th. Loop Capital increased their price objective on shares of Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. DA Davidson dropped their price objective on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Tigress Financial increased their price objective on shares of Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $80.00 price objective on shares of Uber Technologies in a research note on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $90.81.

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.