Sellwood Investment Partners LLC Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

Sellwood Investment Partners LLC bought a new position in Uber Technologies, Inc. (NYSE:UBER) in the 4th quarter, HoldingsChannel reports. The fund bought 1,140 shares of the ride-sharing company’s stock, valued at approximately $69,000.

Other institutional investors have also made changes to their positions in the company. Avion Wealth lifted its holdings in Uber Technologies by 96.0% in 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 last quarter. Runnymede Capital Advisors Inc. bought a new stake in shares of Uber Technologies in the 4th quarter worth approximately $28,000. GHP Investment Advisors Inc. boosted its position in Uber Technologies by 85.1% during 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 period. Kieckhefer Group LLC bought a new position in Uber Technologies during the 4th quarter worth $33,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in Uber Technologies in the fourth quarter worth $35,000. 80.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

UBER has been the subject of several analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $82.00 price target on shares of Uber Technologies in a report on Thursday, February 6th. JPMorgan Chase & Co. reduced their price target on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. JMP Securities reiterated a “market perform” rating on shares of Uber Technologies in a report on Thursday, February 6th. DA Davidson dropped their target price on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $80.00 price objective on shares of Uber Technologies in a report on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $90.31.

Insider Buying and Selling

In other news, SVP Nikki Krishnamurthy sold 20,000 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the transaction, the senior vice president now directly owns 361,908 shares of the company’s stock, valued at approximately $25,901,755.56. This represents a 5.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Tony West sold 23,404 shares of the business’s 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 directly owns 114,241 shares in the company, valued at approximately $8,027,715.07. This represents a 17.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,154 shares of company stock valued at $5,793,869 over the last ninety days. 3.84% of the stock is owned by company insiders.

Uber Technologies Stock Performance

NYSE:UBER opened at $75.59 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The firm’s 50-day moving average is $73.06 and its 200-day moving average is $71.67. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The company has a market cap of $157.91 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 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%. Equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Uber Technologies 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.