MRA Advisory Group boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 23.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,531 shares of the ride-sharing company’s stock after acquiring an additional 679 shares during the quarter. MRA Advisory Group’s holdings in Uber Technologies were worth $213,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in UBER. GHP Investment Advisors Inc. raised its position in shares of Uber Technologies by 222.7% in the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after purchasing an additional 245 shares during the period. Financial Management Professionals Inc. raised its holdings in Uber Technologies by 104.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after acquiring an additional 252 shares in the last quarter. Fairfield Financial Advisors LTD bought a new stake in shares of Uber Technologies in the 2nd quarter worth approximately $36,000. Kieckhefer Group LLC acquired a new stake in shares of Uber Technologies during the 4th quarter worth approximately $33,000. Finally, Transcendent Capital Group LLC raised its stake in shares of Uber Technologies by 3,928.6% in the third quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock valued at $42,000 after purchasing an additional 550 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.
Uber Technologies Stock Down 0.3 %
NYSE:UBER opened at $65.74 on Tuesday. The company has a market cap of $138.43 billion, a PE ratio of 32.71, a PEG ratio of 0.75 and a beta of 1.36. The stock has a 50-day simple moving average of $66.76 and a 200 day simple moving average of $70.48. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00.
Insider Activity at Uber Technologies
In other news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the transaction, the insider now directly owns 107,289 shares in the company, valued at $7,821,368.10. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 3.84% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the stock. Royal Bank of Canada lifted their price target on shares of Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. JMP Securities cut shares of Uber Technologies from an “outperform” rating to a “market perform” rating and set a $95.00 target price on the stock. in a research note on Thursday, January 2nd. Gordon Haskett upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Thursday, October 31st. DA Davidson upped their price objective on Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Truist Financial cut their target price on Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.53.
Get Our Latest Stock Analysis on UBER
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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