Mountain Hill Investment Partners Corp. Purchases Shares of 1,000 Uber Technologies, Inc. (NYSE:UBER)

Mountain Hill Investment Partners Corp. purchased a new stake in Uber Technologies, Inc. (NYSE:UBER) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,000 shares of the ride-sharing company’s stock, valued at approximately $60,000.

A number of other institutional investors have also made changes to their positions in the business. Avion Wealth grew its holdings in Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after buying an additional 218 shares during the last quarter. Runnymede Capital Advisors Inc. acquired a new stake in shares of Uber Technologies in the fourth quarter worth $28,000. GHP Investment Advisors Inc. grew its stake in shares of Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 223 shares during the last quarter. Kieckhefer Group LLC bought a new position in Uber Technologies during the fourth quarter worth $33,000. Finally, Retirement Wealth Solutions LLC acquired a new position in Uber Technologies during the 4th quarter valued at $35,000. 80.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

UBER has been the topic of several research reports. Benchmark restated a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, February 5th. Truist Financial raised their price objective on Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. Royal Bank of Canada restated an “outperform” rating and set a $82.00 price objective on shares of Uber Technologies in a research report on Thursday, February 6th. Finally, DA Davidson reduced their target price on Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $90.31.

Uber Technologies Stock Performance

UBER stock opened at $75.94 on Monday. The company has a 50 day moving average price of $72.64 and a 200 day moving average price of $71.59. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week 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 stock has a market capitalization of $158.65 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last released its earnings results 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%. Analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insiders Place Their Bets

In related news, insider Tony West sold 23,404 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the sale, the insider now owns 114,241 shares in the company, valued at approximately $8,027,715.07. This represents a 17.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $71.57, for a total value of $1,431,400.00. Following the transaction, the senior vice president now owns 361,908 shares in the company, valued at approximately $25,901,755.56. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 74,404 shares of company stock valued at $5,587,619. 3.84% of the stock is currently owned by insiders.

About Uber Technologies

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.