Greystone Financial Group LLC Boosts Holdings in Uber Technologies, Inc. (NYSE:UBER)

Greystone Financial Group LLC raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 127.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 23,982 shares of the ride-sharing company’s stock after acquiring an additional 13,452 shares during the period. Greystone Financial Group LLC’s holdings in Uber Technologies were worth $1,447,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Avion Wealth grew its stake in Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after acquiring an additional 218 shares in the last quarter. GHP Investment Advisors Inc. boosted its holdings in shares of 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 last quarter. Kieckhefer Group LLC purchased a new position in shares of Uber Technologies during the fourth quarter valued at about $33,000. Retirement Wealth Solutions LLC bought a new stake in shares of Uber Technologies in the fourth quarter worth about $35,000. Finally, Financial Management Professionals Inc. lifted its position in shares of Uber Technologies by 104.1% in the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock worth $37,000 after buying an additional 252 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Insiders Place Their Bets

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 value of $2,511,620.00. Following the completion of the transaction, the insider now directly owns 86,973 shares of the company’s stock, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.84% of the stock is owned by company insiders.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $78.89 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The stock’s fifty day moving average price is $67.67 and its 200-day moving average price is $71.11. The firm has a market cap of $164.79 billion, a P/E ratio of 17.30, a P/E/G ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping the consensus estimate 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 expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on UBER shares. Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a report on Wednesday, February 5th. Wells Fargo & Company cut their target price on shares of Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Loop Capital upped their price target on shares of Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Arete Research raised shares of Uber Technologies to a “hold” rating in a research note on Tuesday. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $82.00 target price on shares of Uber Technologies in a report on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $90.91.

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.