TBH Global Asset Management LLC Acquires Shares of 4,185 Uber Technologies, Inc. (NYSE:UBER)

TBH Global Asset Management LLC bought a new position in Uber Technologies, Inc. (NYSE:UBER) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 4,185 shares of the ride-sharing company’s stock, valued at approximately $258,000.

Several other large investors have also added to or reduced their stakes in UBER. Ritter Daniher Financial Advisory LLC DE raised its holdings in shares of Uber Technologies by 2,545.5% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock valued at $27,000 after purchasing an additional 560 shares during the last quarter. CVA Family Office LLC bought a new stake in Uber Technologies in the 4th quarter worth about $30,000. Highlander Capital Management LLC increased its stake in Uber Technologies by 100.0% in the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after buying an additional 250 shares during the last quarter. Bfsg LLC bought a new position in shares of Uber Technologies during the 4th quarter worth approximately $31,000. Finally, Blue Bell Private Wealth Management LLC boosted its stake in shares of Uber Technologies by 49.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after buying an additional 174 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Insiders Place Their Bets

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $65.93, for a total value of $32,965,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,656,996 shares of the company’s stock, valued at $109,245,746.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the completion of the sale, the chief executive officer now owns 1,656,996 shares of the company’s stock, valued at $109,245,746.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction on Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the transaction, the insider now directly owns 206,338 shares in the company, valued at $13,541,962.94. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of research analyst reports. Loop Capital decreased their price target on Uber Technologies from $88.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, May 16th. Susquehanna boosted their price target on shares of Uber Technologies from $60.00 to $85.00 and gave the stock a “positive” rating in a report on Thursday, February 8th. TheStreet upgraded shares of Uber Technologies from a “c” rating to a “b-” rating in a report on Wednesday, February 7th. Royal Bank of Canada lowered their price objective on shares of Uber Technologies from $85.00 to $80.00 and set an “outperform” rating on the stock in a research report on Thursday, May 9th. Finally, Wedbush reissued an “outperform” rating and set a $85.00 target price on shares of Uber Technologies in a research report on Wednesday, May 8th. Two equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.38.

Uber Technologies Price Performance

Shares of NYSE:UBER traded up $0.66 during trading on Friday, reaching $64.26. The company had a trading volume of 10,385,892 shares, compared to its average volume of 23,057,772. The company has a fifty day moving average of $71.62 and a two-hundred day moving average of $67.48. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $134.27 billion, a P/E ratio of 103.65, a price-to-earnings-growth ratio of 1.34 and a beta of 1.39. Uber Technologies, Inc. has a 12 month low of $37.07 and a 12 month high of $82.14.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The firm had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.09 billion. During the same period in the prior year, the company earned ($0.08) EPS. The firm’s revenue was up 14.8% compared to the same quarter last year. Equities research analysts forecast that Uber Technologies, Inc. will post 0.88 earnings per share for the current year.

Uber Technologies 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.