Tennessee Valley Asset Management Partners Takes $48,000 Position in Uber Technologies, Inc. (NYSE:UBER)

Tennessee Valley Asset Management Partners acquired a new stake in Uber Technologies, Inc. (NYSE:UBER) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 784 shares of the ride-sharing company’s stock, valued at approximately $48,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Highlander Capital Management LLC increased its stake in Uber Technologies by 100.0% in the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after purchasing an additional 250 shares during the last quarter. Treasurer of the State of North Carolina increased its stake in Uber Technologies by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 877,589 shares of the ride-sharing company’s stock valued at $40,360,000 after purchasing an additional 3,530 shares during the last quarter. Compagnie Lombard Odier SCmA increased its stake in Uber Technologies by 73.0% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 33,535 shares of the ride-sharing company’s stock valued at $2,065,000 after purchasing an additional 14,153 shares during the last quarter. Financial Enhancement Group LLC acquired a new position in Uber Technologies in the fourth quarter valued at $1,112,000. Finally, Fifth Third Bancorp increased its stake in Uber Technologies by 54.3% in the fourth quarter. Fifth Third Bancorp now owns 68,894 shares of the ride-sharing company’s stock valued at $4,242,000 after purchasing an additional 24,247 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the sale, the insider now directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the sale, the insider now directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tony West sold 18,750 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the sale, the insider now owns 185,566 shares in the company, valued at $13,004,465.28. The disclosure for this sale can be found here. Insiders own 3.80% of the company’s stock.

Uber Technologies Trading Up 2.6 %

NYSE:UBER opened at $70.80 on Wednesday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. The business’s 50 day moving average is $76.92 and its two-hundred day moving average is $64.12. Uber Technologies, Inc. has a 52 week low of $29.22 and a 52 week high of $82.14. The company has a market cap of $147.36 billion, a PE ratio of 82.33, a P/E/G ratio of 1.10 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.50. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The company had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.76 billion. During the same quarter last year, the business posted $0.29 EPS. Uber Technologies’s quarterly revenue was up 15.4% compared to the same quarter last year. On average, analysts predict that Uber Technologies, Inc. will post 1.22 EPS for the current year.

Analyst Upgrades and Downgrades

UBER has been the subject of several research analyst reports. Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a research note on Friday, April 5th. BMO Capital Markets upped their price target on Uber Technologies from $82.00 to $92.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Mizuho upped their price target on Uber Technologies from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Gordon Haskett lowered Uber Technologies from a “buy” rating to a “hold” rating and set a $66.00 price target for the company. in a research note on Wednesday, January 24th. Finally, Bank of America upped their price target on Uber Technologies from $68.00 to $73.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Two analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. Based on data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.94.

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.