Wellington Shields & Co. LLC Has $52,000 Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Wellington Shields & Co. LLC boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 88.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 854 shares of the ride-sharing company’s stock after buying an additional 400 shares during the period. Wellington Shields & Co. LLC’s holdings in Uber Technologies were worth $52,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Harbour Investments Inc. raised its holdings in shares of Uber Technologies by 3.0% in the third quarter. Harbour Investments Inc. now owns 10,827 shares of the ride-sharing company’s stock valued at $814,000 after purchasing an additional 318 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Uber Technologies in the third quarter valued at about $683,000. Huntington National Bank raised its holdings in shares of Uber Technologies by 20.7% in the third quarter. Huntington National Bank now owns 7,737 shares of the ride-sharing company’s stock valued at $582,000 after purchasing an additional 1,326 shares during the last quarter. KBC Group NV raised its holdings in shares of Uber Technologies by 27.1% in the third quarter. KBC Group NV now owns 296,100 shares of the ride-sharing company’s stock valued at $22,255,000 after purchasing an additional 63,214 shares during the last quarter. Finally, Lifeworks Advisors LLC purchased a new stake in shares of Uber Technologies in the third quarter valued at about $216,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on UBER shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $80.00 target price on shares of Uber Technologies in a report on Thursday, February 6th. Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, February 5th. Piper Sandler restated an “overweight” rating and set a $87.00 price target (up previously from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. JPMorgan Chase & Co. reduced their price target on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Finally, Benchmark restated a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. Ten research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and a consensus price target of $90.31.

Uber Technologies Trading Up 3.1 %

Shares of Uber Technologies stock opened at $71.67 on Friday. The company’s 50-day moving average price is $71.85 and its 200-day moving average price is $71.56. The company has a market cap of $149.71 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 0.89 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, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00.

Uber Technologies (NYSE:UBER) last announced 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%. On average, equities analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the sale, the insider now directly owns 86,973 shares of the company’s stock, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.84% of the stock is currently owned by insiders.

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.