VELA Investment Management LLC Has $464,000 Stock Position in Uber Technologies, Inc. (NYSE:UBER)

VELA Investment Management LLC grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 27.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,542 shares of the ride-sharing company’s stock after acquiring an additional 1,623 shares during the quarter. VELA Investment Management LLC’s holdings in Uber Technologies were worth $464,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. OFI Invest Asset Management acquired a new stake in shares of Uber Technologies during the 3rd quarter worth approximately $26,000. Ritter Daniher Financial Advisory LLC DE boosted its position in shares of Uber Technologies by 2,545.5% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock worth $27,000 after acquiring an additional 560 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Uber Technologies during the 3rd quarter worth approximately $28,000. JFS Wealth Advisors LLC boosted its position in shares of Uber Technologies by 319.4% during the 3rd quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company’s stock worth $30,000 after acquiring an additional 495 shares in the last quarter. Finally, CVA Family Office LLC acquired a new stake in shares of Uber Technologies during the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Truist Financial increased their price target on shares of Uber Technologies from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. Barclays increased their price objective on shares of Uber Technologies from $63.00 to $86.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Mizuho increased their price objective on shares of Uber Technologies from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Susquehanna increased their price objective on shares of Uber Technologies from $60.00 to $85.00 and gave the company a “positive” rating in a research note on Thursday, February 8th. Finally, Wells Fargo & Company increased their price objective on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Two analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $78.21.

Uber Technologies Stock Down 2.5 %

Shares of NYSE UBER traded down $1.88 during mid-day trading on Monday, reaching $73.40. 16,086,259 shares of the company’s stock traded hands, compared to its average volume of 19,656,047. The stock has a market cap of $152.77 billion, a P/E ratio of 87.53, a PEG ratio of 1.21 and a beta of 1.36. The business has a 50-day simple moving average of $76.74 and a 200 day simple moving average of $62.83. Uber Technologies, Inc. has a 1-year low of $29.22 and a 1-year high of $82.14. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19.

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, beating analysts’ consensus estimates of $0.16 by $0.50. The firm had revenue of $9.94 billion during the quarter, compared to analysts’ expectations of $9.76 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The business’s revenue was up 15.4% on a year-over-year basis. During the same period last year, the company earned $0.29 earnings per share. On average, analysts expect that Uber Technologies, Inc. will post 1.2 EPS for the current fiscal year.

Insider Activity

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 transaction of $1,556,600.00. Following the transaction, the insider now directly owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Uber Technologies news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the sale, the insider now owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction dated 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 completion of the sale, the insider now directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. Corporate insiders own 3.80% of the company’s stock.

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.