Oarsman Capital Inc. Has $302,000 Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Oarsman Capital Inc. increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 7.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,004 shares of the ride-sharing company’s stock after purchasing an additional 342 shares during the period. Oarsman Capital Inc.’s holdings in Uber Technologies were worth $302,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Avion Wealth grew its stake in shares of Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after buying an additional 218 shares during the period. Runnymede Capital Advisors Inc. acquired a new stake in Uber Technologies in the fourth quarter valued at approximately $28,000. GHP Investment Advisors Inc. increased its holdings in shares of Uber Technologies by 85.1% during the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 223 shares in the last quarter. Kieckhefer Group LLC acquired a new position in shares of Uber Technologies during the fourth quarter worth approximately $33,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Uber Technologies in the 4th quarter worth $35,000. 80.24% of the stock is currently owned by institutional investors.

Insider Activity at Uber Technologies

In other news, 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 transaction of $1,644,599.08. Following the completion of the transaction, the insider now directly owns 114,241 shares in the company, valued at $8,027,715.07. The trade was a 17.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jill Hazelbaker sold 31,000 shares of the 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 sale, the insider now owns 86,973 shares in the company, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 77,154 shares of company stock worth $5,793,869. 3.84% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

UBER has been the topic of several research reports. Fox Advisors downgraded shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 11th. Wolfe Research upped their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, February 5th. The Goldman Sachs Group reissued a “buy” rating and set a $96.00 price objective on shares of Uber Technologies in a report on Thursday, January 2nd. 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. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.41.

Uber Technologies Price Performance

UBER opened at $64.50 on Friday. The firm has a 50-day moving average price of $73.75 and a 200-day moving average price of $71.75. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $134.92 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 0.89 and a beta of 1.37.

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

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.