Robbins Farley Has $4.98 Million Stake in Uber Technologies, Inc. (NYSE:UBER)

Robbins Farley lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 35.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 82,527 shares of the ride-sharing company’s stock after acquiring an additional 21,433 shares during the period. Uber Technologies accounts for about 2.4% of Robbins Farley’s portfolio, making the stock its 13th largest position. Robbins Farley’s holdings in Uber Technologies were worth $4,978,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of UBER. Kieckhefer Group LLC bought a new stake in Uber Technologies during the 4th quarter worth approximately $33,000. Retirement Wealth Solutions LLC purchased a new position in shares of Uber Technologies during the fourth quarter valued at approximately $35,000. Financial Management Professionals Inc. grew its holdings in 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 buying an additional 252 shares in the last quarter. Transcendent Capital Group LLC raised its position in Uber Technologies by 3,928.6% in the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock valued at $42,000 after buying an additional 550 shares during the last quarter. Finally, Crews Bank & Trust bought a new position in Uber Technologies during the 4th quarter valued at $42,000. 80.24% of the stock is owned by institutional investors.

Uber Technologies Stock Up 0.7 %

NYSE UBER opened at $67.33 on Tuesday. The business has a fifty day moving average price of $65.61 and a 200 day moving average price of $70.09. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market cap of $141.78 billion, a P/E ratio of 33.50, a P/E/G ratio of 0.77 and a beta of 1.39. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. 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. Royal Bank of Canada upped their target price on Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Citizens Jmp lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Piper Sandler reduced their price objective on Uber Technologies from $98.00 to $82.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Finally, Daiwa Capital Markets cut Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price on the stock. in a research note on Thursday, October 17th. Seven 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 company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $90.89.

Insider Activity

In other news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.80% of the company’s stock.

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.