Lincoln National Corp Increases Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Lincoln National Corp boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 15.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 36,204 shares of the ride-sharing company’s stock after acquiring an additional 4,797 shares during the period. Lincoln National Corp’s holdings in Uber Technologies were worth $2,229,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. OFI Invest Asset Management purchased a new position in shares of Uber Technologies during the 3rd quarter worth approximately $26,000. Ritter Daniher Financial Advisory LLC DE lifted its holdings in Uber Technologies by 2,545.5% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock worth $27,000 after buying an additional 560 shares during the last quarter. JFS Wealth Advisors LLC boosted its holdings in Uber Technologies by 319.4% in the third quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company’s stock valued at $30,000 after purchasing an additional 495 shares in the last quarter. CVA Family Office LLC purchased a new position in shares of Uber Technologies in the 4th quarter valued at $30,000. Finally, Highlander Capital Management LLC increased its position in shares of Uber Technologies by 100.0% during the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after purchasing an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on UBER. Wells Fargo & Company boosted their price target on Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. JPMorgan Chase & Co. upped their target price on Uber Technologies from $84.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. TheStreet raised shares of Uber Technologies from a “c” rating to a “b-” rating in a research note on Wednesday, February 7th. UBS Group increased their price objective on shares of Uber Technologies from $94.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Finally, Bank of America lifted their price objective on Uber Technologies from $68.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Two research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.65.

Uber Technologies Stock Performance

Uber Technologies stock traded down $5.90 on Wednesday, reaching $64.53. 33,910,292 shares of the stock were exchanged, compared to its average volume of 19,965,520. The stock has a market cap of $134.31 billion, a PE ratio of 75.63, a PEG ratio of 1.09 and a beta of 1.39. The firm has a fifty day moving average price of $75.03 and a two-hundred day moving average price of $65.83. Uber Technologies, Inc. has a twelve month low of $37.07 and a twelve month high of $82.14. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.50. The firm had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.76 billion. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.29 EPS. Sell-side analysts anticipate that Uber Technologies, Inc. will post 1.23 EPS for the current year.

Insider Transactions at Uber Technologies

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

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.