Hartford Investment Management Co. Takes Position in Uber Technologies, Inc. (NYSE:UBER)

Hartford Investment Management Co. acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) in the fourth quarter, HoldingsChannel reports. The fund acquired 138,645 shares of the ride-sharing company’s stock, valued at approximately $8,536,000.

Several other hedge funds have also recently added to or reduced their stakes in UBER. OFI Invest Asset Management acquired a new position in shares of Uber Technologies in the 3rd quarter valued at $26,000. Ritter Daniher Financial Advisory LLC DE raised its position in shares of Uber Technologies by 2,545.5% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock worth $27,000 after purchasing an additional 560 shares during the period. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Uber Technologies during the 3rd quarter valued at about $28,000. JFS Wealth Advisors LLC grew its position in shares of Uber Technologies by 319.4% in the 3rd quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company’s stock valued at $30,000 after purchasing an additional 495 shares during the period. Finally, CVA Family Office LLC bought a new stake in Uber Technologies during the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

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

Uber Technologies Trading Up 1.3 %

Shares of NYSE UBER traded up $1.02 during trading on Wednesday, reaching $78.00. The company had a trading volume of 11,526,125 shares, compared to its average volume of 19,957,207. Uber Technologies, Inc. has a 12 month low of $29.22 and a 12 month high of $82.14. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. The stock has a market cap of $162.35 billion, a P/E ratio of 89.53, a PEG ratio of 1.24 and a beta of 1.36. The company’s fifty day moving average price is $75.23 and its 200-day moving average price is $61.14.

Uber Technologies (NYSE:UBERGet Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.50. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The firm had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.76 billion. During the same quarter in the previous year, the company earned $0.29 EPS. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. As a group, research analysts expect that Uber Technologies, Inc. will post 1.19 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group upped their price target on shares of Uber Technologies from $59.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Piper Sandler increased their target price on Uber Technologies from $78.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Nomura downgraded Uber Technologies from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $59.00 to $62.00 in a report on Friday, December 29th. KeyCorp boosted their target price on Uber Technologies from $79.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Finally, Truist Financial increased their target price on shares of Uber Technologies from $90.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. Two analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $75.41.

View Our Latest Stock Report on UBER

Uber Technologies Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBERFree Report).

Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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