Quinn Opportunity Partners LLC Boosts Position in Uber Technologies, Inc. (NYSE:UBER)

Quinn Opportunity Partners LLC boosted its position in Uber Technologies, Inc. (NYSE:UBER) by 12.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 93,500 shares of the ride-sharing company’s stock after purchasing an additional 10,500 shares during the period. Quinn Opportunity Partners LLC’s holdings in Uber Technologies were worth $5,640,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

UBER has been the topic of several recent research reports. KGI Securities reaffirmed a “neutral” rating and issued a $78.00 price objective on shares of Uber Technologies in a research note on Tuesday, March 11th. Citizens Jmp cut shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Piper Sandler reaffirmed an “overweight” rating and set a $87.00 price target (up previously from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Fox Advisors cut shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 11th. Finally, Evercore ISI lowered their target price on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Ten analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and an average price target of $90.03.

Uber Technologies Stock Down 2.4 %

Shares of NYSE UBER opened at $70.97 on Friday. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The firm has a 50-day simple moving average of $73.89 and a two-hundred day simple moving average of $71.51. The company has a market cap of $148.44 billion, a P/E ratio of 15.56, a PEG ratio of 0.89 and a beta of 1.37. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) 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%. Research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Transactions at Uber Technologies

In related news, SVP Nikki Krishnamurthy sold 20,000 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $25,901,755.56. This represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the transaction, the chief financial officer now owns 22,162 shares in the company, valued at $1,662,150. The trade was a 11.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,154 shares of company stock worth $5,793,869. 3.84% of the stock is currently owned by 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.