Moloney Securities Asset Management LLC Raises Position in Uber Technologies, Inc. (NYSE:UBER)

Moloney Securities Asset Management LLC increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 6.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,790 shares of the ride-sharing company’s stock after buying an additional 1,711 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Uber Technologies were worth $1,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. raised its position in shares of Uber Technologies by 85.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 223 shares during the last quarter. Financial Management Professionals Inc. increased its stake in Uber Technologies by 104.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after purchasing an additional 252 shares in the last quarter. Retirement Wealth Solutions LLC acquired a new stake in shares of Uber Technologies during the fourth quarter worth $35,000. Kieckhefer Group LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at $33,000. Finally, Transcendent Capital Group LLC raised its stake in Uber Technologies by 3,928.6% in the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock worth $42,000 after acquiring an additional 550 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction dated 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 directly owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.84% of the stock is owned by company insiders.

Uber Technologies Trading Up 6.8 %

Shares of UBER opened at $74.76 on Friday. The firm has a market capitalization of $157.43 billion, a P/E ratio of 16.40, a P/E/G ratio of 0.81 and a beta of 1.39. 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 firm has a 50-day moving average price of $65.34 and a 200 day moving average price of $70.12. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Sell-side analysts forecast that Uber Technologies, Inc. will post 2.4 EPS for the current year.

Analysts Set New Price Targets

UBER has been the topic of several research analyst reports. Daiwa America downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. The Goldman Sachs Group reiterated a “buy” rating and issued a $96.00 target price on shares of Uber Technologies in a research report on Thursday, January 2nd. Loop Capital lifted their price objective on shares of Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. KeyCorp cut their price objective on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $80.00 target price on shares of Uber Technologies in a research report on Thursday. Seven investment analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $90.70.

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.