Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Wellington Shields Capital Management LLC

Wellington Shields Capital Management LLC lifted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 11.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,943 shares of the ride-sharing company’s stock after purchasing an additional 306 shares during the period. Wellington Shields Capital Management LLC’s holdings in Uber Technologies were worth $178,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in UBER. Teachers Retirement System of The State of Kentucky boosted its position in Uber Technologies by 4.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock worth $24,180,000 after acquiring an additional 13,433 shares during the period. Aviso Wealth Management bought a new stake in shares of Uber Technologies in the 3rd quarter valued at approximately $2,302,000. Polianta Ltd acquired a new position in Uber Technologies in the fourth quarter worth approximately $1,206,000. Allworth Financial LP raised its position in Uber Technologies by 8.9% during the fourth quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock valued at $1,229,000 after acquiring an additional 1,663 shares in the last quarter. Finally, Brophy Wealth Management LLC acquired a new stake in Uber Technologies in the third quarter valued at approximately $1,041,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on UBER. Benchmark restated a “hold” rating on shares of Uber Technologies in a research note on Friday, January 31st. Wells Fargo & Company cut their target price on Uber Technologies from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Wolfe Research upped their price target on Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. DA Davidson cut their price objective on Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $80.00 target price on shares of Uber Technologies in a report on Thursday, February 6th. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $90.31.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $71.67 on Friday. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The firm’s 50-day moving average price is $71.85 and its two-hundred day moving average price 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. The stock has a market capitalization of $149.71 billion, a price-to-earnings ratio of 15.72, a P/E/G ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating 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%. On average, equities analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 86,973 shares of the company’s stock, valued at $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.84% of the stock is currently owned by company insiders.

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.