Kovack Advisors Inc. Acquires 7,790 Shares of Uber Technologies, Inc. (NYSE:UBER)

Kovack Advisors Inc. grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 24.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,002 shares of the ride-sharing company’s stock after buying an additional 7,790 shares during the quarter. Kovack Advisors Inc.’s holdings in Uber Technologies were worth $2,463,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UBER. K.J. Harrison & Partners Inc lifted its stake in shares of Uber Technologies by 35.0% in the 4th quarter. K.J. Harrison & Partners Inc now owns 81,000 shares of the ride-sharing company’s stock valued at $4,987,000 after purchasing an additional 21,000 shares during the last quarter. Herold Advisors Inc. purchased a new position in Uber Technologies during the 4th quarter worth $225,000. AM Investment Strategies LLC purchased a new position in Uber Technologies during the 4th quarter worth $246,000. Motley Fool Asset Management LLC increased its holdings in Uber Technologies by 8.4% during the 4th quarter. Motley Fool Asset Management LLC now owns 56,525 shares of the ride-sharing company’s stock worth $3,480,000 after purchasing an additional 4,381 shares during the period. Finally, Evolution Advisers Inc. purchased a new position in Uber Technologies during the 4th quarter worth $41,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Piper Sandler raised their price objective on Uber Technologies from $78.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. BTIG Research lifted their price target on Uber Technologies from $80.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $85.00 price target on shares of Uber Technologies in a report on Thursday, February 15th. Moffett Nathanson reiterated a “buy” rating and issued a $92.00 price target on shares of Uber Technologies in a report on Thursday, April 11th. Finally, UBS Group raised their price objective on Uber Technologies from $94.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Two analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $78.94.

Uber Technologies Stock Down 0.4 %

NYSE:UBER traded down $0.27 during trading hours on Friday, hitting $69.04. The company’s stock had a trading volume of 16,180,562 shares, compared to its average volume of 19,708,822. The stock has a market capitalization of $143.70 billion, a P/E ratio of 80.28, a price-to-earnings-growth ratio of 1.10 and a beta of 1.36. The stock has a fifty day moving average of $76.30 and a 200-day moving average of $64.35. 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, Inc. has a 52-week low of $29.22 and a 52-week high of $82.14.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.50. The company had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.76 billion. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.29 earnings per share. On average, equities analysts forecast that Uber Technologies, Inc. will post 1.22 earnings per share for the current year.

Insider Transactions at Uber Technologies

In other news, insider Tony West sold 18,750 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 185,566 shares in the company, valued at $13,004,465.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 107,290 shares in the company, valued at $8,350,380.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Tony West sold 18,750 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The disclosure for this sale can be found here. Insiders own 3.84% 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.