Financial Management Network Inc. Boosts Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Financial Management Network Inc. lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 6.9% during the fourth quarter, Holdings Channel reports. The fund owned 3,360 shares of the ride-sharing company’s stock after acquiring an additional 217 shares during the period. Financial Management Network Inc.’s holdings in Uber Technologies were worth $217,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Avion Wealth increased its position in shares of Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after acquiring an additional 218 shares during the period. GHP Investment Advisors Inc. increased its position in shares of Uber Technologies by 85.1% during the fourth 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 period. Financial Management Professionals Inc. increased its position in shares of Uber Technologies by 104.1% during the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock worth $37,000 after acquiring an additional 252 shares during the period. Retirement Wealth Solutions LLC purchased a new position in Uber Technologies in the fourth quarter valued at $35,000. Finally, Kieckhefer Group LLC purchased a new position in Uber Technologies in the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total value 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. This trade represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.80% of the stock is owned by insiders.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $81.44 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The company has a market cap of $171.49 billion, a P/E ratio of 17.86, a PEG ratio of 0.87 and a beta of 1.39. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The company has a 50-day moving average price of $66.54 and a 200 day moving average price of $70.81.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 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%. Research analysts predict that Uber Technologies, Inc. will post 2.52 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on UBER shares. Truist Financial dropped their target price on Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Gordon Haskett raised Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Thursday, October 31st. DA Davidson dropped their target price on Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Bank of America increased their target price on Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Citigroup dropped their target price on Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Seven equities research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.91.

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.