Keel Point LLC Has $1.18 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Keel Point LLC raised its holdings in Uber Technologies, Inc. (NYSE:UBER) by 8.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 19,615 shares of the ride-sharing company’s stock after acquiring an additional 1,609 shares during the quarter. Keel Point LLC’s holdings in Uber Technologies were worth $1,183,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in UBER. Appian Way Asset Management LP bought a new position in shares of Uber Technologies in the 4th quarter valued at approximately $2,413,000. Freestone Grove Partners LP bought a new position in shares of Uber Technologies in the fourth quarter valued at approximately $12,459,000. Unisphere Establishment acquired a new stake in shares of Uber Technologies in the fourth quarter worth $127,155,000. Bison Wealth LLC boosted its holdings in shares of Uber Technologies by 20.3% during the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock worth $229,000 after buying an additional 641 shares during the period. Finally, Triumph Capital Management acquired a new position in Uber Technologies in the 4th quarter valued at $490,000. 80.24% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 20,000 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the transaction, the senior vice president now directly owns 361,908 shares in the company, valued at approximately $25,901,755.56. This represents a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider now directly 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 77,154 shares of company stock valued at $5,793,869. 3.70% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Performance

Shares of NYSE:UBER opened at $80.87 on Friday. The business has a fifty day moving average of $73.64 and a 200-day moving average of $71.45. 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, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The firm has a market cap of $169.15 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping 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%. On average, equities research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Arete Research upgraded shares of Uber Technologies to a “hold” rating in a report on Tuesday, February 18th. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. Citizens Jmp lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Piper Sandler restated an “overweight” rating and issued a $87.00 price objective (up previously from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Finally, Wolfe Research upped their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.