Cyr Financial Inc. Boosts Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Cyr Financial Inc. increased its position in Uber Technologies, Inc. (NYSE:UBER) by 21.7% in the 4th quarter, HoldingsChannel reports. The fund owned 12,891 shares of the ride-sharing company’s stock after buying an additional 2,298 shares during the quarter. Uber Technologies makes up about 0.7% of Cyr Financial Inc.’s holdings, making the stock its 26th largest holding. Cyr Financial Inc.’s holdings in Uber Technologies were worth $778,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. grew its position in shares of Uber Technologies by 104.1% during the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock worth $37,000 after purchasing an additional 252 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new stake in Uber Technologies during the 4th quarter valued at approximately $35,000. Kieckhefer Group LLC purchased a new position in shares of Uber Technologies in the fourth quarter worth $33,000. Transcendent Capital Group LLC boosted its position in shares of Uber Technologies by 3,928.6% during the third quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock worth $42,000 after acquiring an additional 550 shares during the last quarter. Finally, Fortitude Family Office LLC grew its stake in Uber Technologies by 84.7% during the third quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company’s stock valued at $45,000 after acquiring an additional 276 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on UBER shares. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a report on Friday, November 1st. Jefferies Financial Group upped their price objective on Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Evercore ISI raised their target price on shares of Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Gordon Haskett raised shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Thursday, October 31st. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $92.00 price objective on shares of Uber Technologies in a research note on Friday, October 11th. Seven investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.08.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the transaction, the insider now directly owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.84% of the stock is currently owned by insiders.

Uber Technologies Price Performance

NYSE UBER opened at $66.59 on Friday. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The firm’s fifty day simple moving average is $65.77 and its two-hundred day simple moving average is $70.17. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $140.21 billion, a P/E ratio of 33.13, a P/E/G ratio of 0.77 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last announced its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. During the same period in the prior year, the company posted $0.10 EPS. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. Analysts forecast that Uber Technologies, Inc. will post 1.85 EPS 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.