Silicon Valley Capital Partners Has $2.12 Million Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Silicon Valley Capital Partners grew its stake in Uber Technologies, Inc. (NYSE:UBER) by 9.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 35,183 shares of the ride-sharing company’s stock after purchasing an additional 3,111 shares during the quarter. Silicon Valley Capital Partners’ holdings in Uber Technologies were worth $2,122,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in UBER. GHP Investment Advisors Inc. increased its position in shares of Uber Technologies by 85.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 223 shares in the last quarter. Kieckhefer Group LLC bought a new stake in shares of Uber Technologies in the 4th quarter valued at $33,000. Retirement Wealth Solutions LLC bought a new stake in shares of Uber Technologies in the 4th quarter valued at $35,000. Financial Management Professionals Inc. increased its position in shares of Uber Technologies by 104.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after buying an additional 252 shares in the last quarter. Finally, Transcendent Capital Group LLC increased its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Gordon Haskett upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Thursday, October 31st. Wolfe Research increased their target price on Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. KeyCorp lowered their target price on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, November 1st. JMP Securities reiterated a “market perform” rating on shares of Uber Technologies in a report on Thursday. Finally, Daiwa America cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Seven research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $90.70.

Uber Technologies Stock Up 6.8 %

Shares of UBER opened at $74.76 on Monday. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The firm’s 50 day moving average is $65.34 and its 200-day moving average is $70.14. The stock has a market capitalization of $157.43 billion, a PE ratio of 16.40, a P/E/G ratio of 0.81 and a beta of 1.39. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Equities research analysts forecast that Uber Technologies, Inc. will post 2.4 EPS for the current year.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction that occurred 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 $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.84% 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.