Trilogy Capital Inc. Takes Position in Uber Technologies, Inc. (NYSE:UBER)

Trilogy Capital Inc. purchased a new position in Uber Technologies, Inc. (NYSE:UBER) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,439 shares of the ride-sharing company’s stock, valued at approximately $207,000.

Several other institutional investors have also recently added to or reduced their stakes in UBER. Econ Financial Services Corp bought a new stake in Uber Technologies during the fourth quarter valued at $1,508,000. Money Concepts Capital Corp acquired a new position in shares of Uber Technologies in the 4th quarter valued at about $923,000. Stratos Wealth Advisors LLC grew its position in shares of Uber Technologies by 56.8% during the 4th quarter. Stratos Wealth Advisors LLC now owns 8,353 shares of the ride-sharing company’s stock valued at $504,000 after buying an additional 3,026 shares during the last quarter. Stratos Wealth Partners LTD. raised its stake in Uber Technologies by 1.8% during the fourth quarter. Stratos Wealth Partners LTD. now owns 73,752 shares of the ride-sharing company’s stock worth $4,449,000 after acquiring an additional 1,271 shares during the period. Finally, Retirement Systems of Alabama lifted its holdings in Uber Technologies by 2.4% in the fourth quarter. Retirement Systems of Alabama now owns 1,107,558 shares of the ride-sharing company’s stock worth $66,808,000 after acquiring an additional 25,756 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Price Performance

NYSE UBER opened at $74.76 on Friday. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The stock’s 50-day moving average price is $65.28 and its two-hundred day moving average price is $70.07. The company has a market cap of $157.43 billion, a PE ratio of 37.20, a PEG ratio of 0.77 and a beta of 1.39. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. On average, analysts predict that Uber Technologies, Inc. will post 1.89 EPS for the current year.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction on Monday, November 25th. The shares were 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Jefferies Financial Group boosted their price objective on Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. KeyCorp reduced their price target on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, November 1st. UBS Group dropped their price objective on shares of Uber Technologies from $114.00 to $107.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Wells Fargo & Company reduced their target price on shares of Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $80.00 price target on shares of Uber Technologies in a research note on Thursday. Seven equities research 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, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $90.19.

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.