By otakuyassine3@gmail.com 
Empirical Finance LLC lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 9.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,035 shares of the ride-sharing company’s stock after acquiring an additional 875 shares during the quarter. Empirical Finance LLC’s holdings in Uber Technologies were worth $605,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of the stock. Ascent Wealth Partners LLC acquired a new stake in Uber Technologies in the 3rd quarter valued at about $2,087,000. Teachers Retirement System of The State of Kentucky raised its holdings in 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 acquiring an additional 13,433 shares in the last quarter. Aviso Wealth Management purchased a new position in Uber Technologies in the third quarter worth approximately $2,302,000. Polianta Ltd acquired a new position in Uber Technologies during the 4th quarter worth approximately $1,206,000. Finally, Brophy Wealth Management LLC purchased a new stake in shares of Uber Technologies in the 3rd quarter valued at approximately $1,041,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the transaction, the insider now owns 107,289 shares of the company’s stock, valued at $7,821,368.10. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 3.84% of the company’s stock.
Wall Street Analysts Forecast Growth
UBER has been the subject of several recent analyst reports. Gordon Haskett raised shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Thursday, October 31st. UBS Group decreased their price target on Uber Technologies from $114.00 to $107.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Piper Sandler dropped their price objective on Uber Technologies from $82.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Loop Capital boosted their target price on Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Jefferies Financial Group upped their price target on Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Seven investment analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $90.70.
Get Our Latest Analysis on Uber Technologies
Uber Technologies Trading Up 5.5 %
NYSE:UBER opened at $78.74 on Tuesday. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The stock has a fifty day moving average price of $65.34 and a two-hundred day moving average price of $70.17. The stock has a market capitalization of $165.80 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 0.81 and a beta of 1.39.
Uber Technologies (NYSE:UBER – Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.4 earnings per share for the current fiscal year.
Uber Technologies Company 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.
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