Beacon Pointe Advisors LLC Raises Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Beacon Pointe Advisors LLC lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 12.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 130,108 shares of the ride-sharing company’s stock after acquiring an additional 14,215 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in Uber Technologies were worth $7,848,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Polianta Ltd purchased a new position in Uber Technologies during the fourth quarter valued at approximately $1,206,000. Allworth Financial LP increased its holdings in Uber Technologies by 8.9% during the fourth quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock valued at $1,229,000 after buying an additional 1,663 shares during the period. Lecap Asset Management Ltd. purchased a new position in Uber Technologies during the fourth quarter valued at approximately $3,188,000. Mirador Capital Partners LP increased its holdings in Uber Technologies by 40.4% during the fourth quarter. Mirador Capital Partners LP now owns 85,214 shares of the ride-sharing company’s stock valued at $5,140,000 after buying an additional 24,520 shares during the period. Finally, Tri Ri Asset Management Corp purchased a new position in Uber Technologies during the third quarter valued at approximately $8,243,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the sale, the insider now owns 86,973 shares of the company’s stock, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction on Thursday, March 13th. The shares were 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 in the company, valued at $8,027,715.07. This represents a 17.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,154 shares of company stock valued at $5,793,869. 3.84% of the stock is currently owned by insiders.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $78.36 on Tuesday. The business has a 50 day simple moving average of $73.55 and a two-hundred day simple moving average of $71.35. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The stock has a market capitalization of $163.91 billion, a P/E ratio of 17.18, a PEG ratio of 0.89 and a beta of 1.37. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER) last announced its earnings results 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 return on equity of 62.60% and a net margin of 22.41%. As a group, analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, April 9th. JMP Securities reissued a “market perform” rating on shares of Uber Technologies in a research report on Thursday, February 6th. KeyCorp reduced their target price on Uber Technologies from $85.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 15th. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. reduced their target price on Uber Technologies from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $89.81.

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.