Canton Hathaway LLC Grows Position in Uber Technologies, Inc. (NYSE:UBER)

Canton Hathaway LLC boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 10.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,500 shares of the ride-sharing company’s stock after buying an additional 500 shares during the period. Canton Hathaway LLC’s holdings in Uber Technologies were worth $339,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Drive Wealth Management LLC increased its position in Uber Technologies by 3.6% during the fourth quarter. Drive Wealth Management LLC now owns 4,691 shares of the ride-sharing company’s stock worth $289,000 after buying an additional 163 shares during the period. Blue Bell Private Wealth Management LLC increased its position in 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 worth $32,000 after buying an additional 174 shares during the period. Cigna Investments Inc. New increased its position in Uber Technologies by 0.9% during the fourth quarter. Cigna Investments Inc. New now owns 20,743 shares of the ride-sharing company’s stock worth $1,277,000 after buying an additional 178 shares during the period. Procyon Advisors LLC increased its position in Uber Technologies by 3.6% during the fourth quarter. Procyon Advisors LLC now owns 5,258 shares of the ride-sharing company’s stock worth $324,000 after buying an additional 182 shares during the period. Finally, Harbour Capital Advisors LLC increased its position in Uber Technologies by 2.1% during the fourth quarter. Harbour Capital Advisors LLC now owns 9,920 shares of the ride-sharing company’s stock worth $578,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In related news, insider Tony West sold 18,750 shares of the stock in a transaction dated 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 transaction, the insider now owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Tony West sold 18,750 shares of the stock in a transaction dated 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 transaction, the insider now owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $1,556,600.00. Following the completion of the transaction, the insider now directly owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

UBER has been the topic of several analyst reports. Truist Financial lifted their target price on Uber Technologies from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. Barclays lifted their price target on Uber Technologies from $63.00 to $86.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. BTIG Research lifted their price target on Uber Technologies from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Nomura downgraded Uber Technologies from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $59.00 to $62.00 in a research report on Friday, December 29th. Finally, JMP Securities reiterated a “market outperform” rating and set a $85.00 target price on shares of Uber Technologies in a research report on Thursday, March 28th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus 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 on Monday, hitting $73.40. The company had a trading volume of 16,047,650 shares, compared to its average volume of 19,616,928. Uber Technologies, Inc. has a 12-month low of $29.22 and a 12-month high of $82.14. The business has a 50 day moving average of $76.74 and a two-hundred day moving average of $62.83. 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 firm has a market capitalization of $152.77 billion, a P/E ratio of 87.53, a PEG ratio of 1.21 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share 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 company had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.76 billion. During the same quarter in the prior year, the business earned $0.29 earnings per share. The company’s revenue was up 15.4% compared to the same quarter last year. As a group, equities research analysts forecast that Uber Technologies, Inc. will post 1.2 earnings per share for the current fiscal year.

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.