Schnieders Capital Management LLC Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

Schnieders Capital Management LLC purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 4,504 shares of the ride-sharing company’s stock, valued at approximately $277,000.

Other institutional investors have also recently made changes to their positions in the company. CVA Family Office LLC acquired a new position in shares of Uber Technologies during the 4th quarter worth approximately $30,000. Highlander Capital Management LLC increased its holdings in shares of Uber Technologies by 100.0% during the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after acquiring an additional 250 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its holdings in shares of Uber Technologies by 49.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after acquiring an additional 174 shares during the last quarter. Oliver Lagore Vanvalin Investment Group increased its holdings in shares of Uber Technologies by 82.9% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 578 shares of the ride-sharing company’s stock worth $36,000 after acquiring an additional 262 shares during the last quarter. Finally, Ritter Daniher Financial Advisory LLC DE increased its holdings in shares of Uber Technologies by 2,545.5% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock worth $27,000 after acquiring an additional 560 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Tony West sold 18,750 shares of the business’s stock in a transaction on 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 sale, the insider now directly owns 185,566 shares in the company, valued at $13,004,465.28. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Tony West sold 18,750 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the sale, the insider now directly owns 185,566 shares in the company, valued at approximately $13,004,465.28. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction on 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 sale, the insider now owns 107,290 shares in the company, valued at $8,350,380.70. The disclosure for this sale can be found here. 3.80% of the stock is owned by insiders.

Uber Technologies Trading Down 2.0 %

Shares of UBER traded down $1.44 during mid-day trading on Wednesday, reaching $69.36. 27,162,343 shares of the company were exchanged, compared to its average volume of 19,702,328. Uber Technologies, Inc. has a 52 week low of $29.22 and a 52 week high of $82.14. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market capitalization of $144.37 billion, a PE ratio of 82.33, a PEG ratio of 1.09 and a beta of 1.36. The business has a 50 day simple moving average of $76.92 and a two-hundred day simple moving average of $64.12.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.50. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The firm had revenue of $9.94 billion during the quarter, compared to analysts’ expectations of $9.76 billion. During the same quarter last year, the firm posted $0.29 earnings per share. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, analysts predict that Uber Technologies, Inc. will post 1.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a report on Friday, April 5th. Truist Financial upped their price objective on Uber Technologies from $90.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Roth Mkm upped their price objective on Uber Technologies from $72.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $85.00 price objective on shares of Uber Technologies in a report on Thursday, February 15th. Finally, Jefferies Financial Group upped their price objective on Uber Technologies from $95.00 to $100.00 and gave the company a “buy” rating in a report on Friday, April 5th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $78.94.

About Uber Technologies

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.