Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by RiverPark Advisors LLC

RiverPark Advisors LLC boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 23.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 48,353 shares of the ride-sharing company’s stock after acquiring an additional 9,210 shares during the period. Uber Technologies makes up approximately 2.1% of RiverPark Advisors LLC’s portfolio, making the stock its 15th largest position. RiverPark Advisors LLC’s holdings in Uber Technologies were worth $2,917,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UBER. Avion Wealth boosted its holdings in Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after buying an additional 218 shares during the last quarter. Transce3nd LLC purchased a new stake in shares of Uber Technologies during the fourth quarter worth approximately $27,000. Runnymede Capital Advisors Inc. acquired a new position in Uber Technologies in the 4th quarter valued at $28,000. GHP Investment Advisors Inc. lifted its holdings in 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 in the last quarter. Finally, Kieckhefer Group LLC purchased a new position in shares of Uber Technologies in the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $73.82 on Thursday. The firm has a market cap of $154.42 billion, a P/E ratio of 16.19, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The firm’s 50-day simple moving average is $73.70 and its 200-day simple moving average is $71.46. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month 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.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the sale, the insider now owns 86,973 shares in the company, valued at $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the sale, the insider now owns 114,241 shares of the company’s stock, valued at approximately $8,027,715.07. The trade was a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 77,154 shares of company stock worth $5,793,869. Insiders own 3.84% of the company’s stock.

Analyst Ratings Changes

UBER has been the topic of several recent research reports. KeyCorp lowered their target price on Uber Technologies from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. UBS Group restated a “buy” rating on shares of Uber Technologies in a report on Friday, February 21st. Evercore ISI cut their target price on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. Arete Research raised shares of Uber Technologies to a “hold” rating in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company raised their price objective on shares of Uber Technologies from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, April 3rd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $89.81.

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.