C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Acquires Shares of 1,895 Uber Technologies, Inc. (NYSE:UBER)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Uber Technologies, Inc. (NYSE:UBER) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,895 shares of the ride-sharing company’s stock, valued at approximately $114,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ascent Wealth Partners LLC acquired a new position in shares of Uber Technologies in the third quarter valued at about $2,087,000. Teachers Retirement System of The State of Kentucky grew its stake in shares of Uber Technologies by 4.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock valued at $24,180,000 after acquiring an additional 13,433 shares in the last quarter. Aviso Wealth Management acquired a new position in shares of Uber Technologies in the third quarter valued at about $2,302,000. Polianta Ltd acquired a new position in shares of Uber Technologies in the fourth quarter valued at about $1,206,000. Finally, Brophy Wealth Management LLC acquired a new position in shares of Uber Technologies in the third quarter valued at about $1,041,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Loop Capital upped their price target on shares of Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Jefferies Financial Group upped their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. Bank of America upped their price objective on shares of Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Truist Financial cut their price objective on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Seven analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $90.70.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the sale, the insider now owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

NYSE:UBER opened at $79.31 on Friday. The company has a market capitalization of $167.00 billion, a PE ratio of 17.39, a P/E/G ratio of 0.81 and a beta of 1.39. The company has a 50 day simple moving average of $66.01 and a two-hundred day simple moving average of $70.48. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00.

Uber Technologies (NYSE:UBER) last released its 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 net margin of 22.41% and a return on equity of 62.60%. Research analysts anticipate that Uber Technologies, Inc. will post 2.4 earnings per share for the current 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.