Golden State Equity Partners Acquires 283 Shares of Uber Technologies, Inc. (NYSE:UBER)

Golden State Equity Partners raised its holdings in Uber Technologies, Inc. (NYSE:UBER) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,973 shares of the ride-sharing company’s stock after acquiring an additional 283 shares during the period. Golden State Equity Partners’ holdings in Uber Technologies were worth $552,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CVA Family Office LLC bought a new position in Uber Technologies in the fourth quarter valued at about $30,000. Highlander Capital Management LLC boosted its stake 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 valued at $31,000 after purchasing an additional 250 shares in the last quarter. Bfsg LLC acquired a new stake in shares of Uber Technologies during the fourth quarter valued at about $31,000. Blue Bell Private Wealth Management LLC boosted its stake in shares of Uber Technologies by 49.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock valued at $32,000 after purchasing an additional 174 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group boosted its stake in shares of Uber Technologies by 82.9% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 578 shares of the ride-sharing company’s stock valued at $36,000 after purchasing an additional 262 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the transaction, the insider now directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was 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 approximately $8,350,380.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Tony West sold 18,750 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $70.08, for a total value 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. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Trading Down 0.4 %

UBER traded down $0.26 on Friday, hitting $69.05. 16,187,639 shares of the company were exchanged, compared to its average volume of 17,118,054. The firm has a fifty day simple moving average of $76.30 and a two-hundred day simple moving average of $64.35. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. Uber Technologies, Inc. has a 12 month low of $29.22 and a 12 month high of $82.14. The stock has a market capitalization of $143.72 billion, a PE ratio of 80.28, a price-to-earnings-growth ratio of 1.10 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results 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. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The business had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.76 billion. During the same period last year, the company earned $0.29 EPS. Uber Technologies’s revenue for the quarter was up 15.4% compared to the same quarter last year. Sell-side analysts expect that Uber Technologies, Inc. will post 1.22 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on UBER shares. Argus lifted their price objective on Uber Technologies from $69.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Citigroup boosted their price objective on Uber Technologies from $83.00 to $91.00 and gave the company a “buy” rating in a report on Friday, February 16th. KeyCorp upped their price target on Uber Technologies from $79.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Jefferies Financial Group boosted their price objective on Uber Technologies from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, Gordon Haskett cut Uber Technologies from a “buy” rating to a “hold” rating and set a $66.00 price objective on the stock. in a research report on Wednesday, January 24th. Two research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.94.

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.