Simplicity Solutions LLC Boosts Holdings in Uber Technologies, Inc. (NYSE:UBER)

Simplicity Solutions LLC raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 3.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,708 shares of the ride-sharing company’s stock after acquiring an additional 1,948 shares during the quarter. Simplicity Solutions LLC’s holdings in Uber Technologies were worth $3,861,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new stake in shares of Uber Technologies during the third quarter worth about $26,000. Ritter Daniher Financial Advisory LLC DE lifted its position in Uber Technologies by 2,545.5% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock valued at $27,000 after buying an additional 560 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new position in Uber Technologies during the third quarter valued at approximately $28,000. JFS Wealth Advisors LLC lifted its position in Uber Technologies by 319.4% during the third quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company’s stock valued at $30,000 after buying an additional 495 shares in the last quarter. Finally, CVA Family Office LLC acquired a new position in Uber Technologies during the fourth quarter valued at approximately $30,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Stock Performance

Uber Technologies stock traded down $0.90 during mid-day trading on Friday, reaching $75.28. 11,590,774 shares of the company’s stock were exchanged, compared to its average volume of 14,593,051. The business’s fifty day simple moving average is $76.74 and its 200 day simple moving average is $62.58. The firm has a market capitalization of $156.69 billion, a PE ratio of 87.53, a P/E/G ratio of 1.23 and a beta of 1.36. Uber Technologies, Inc. has a one year low of $29.22 and a one year high of $82.14. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.50. The business had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.76 billion. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. Uber Technologies’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period last year, the company posted $0.29 earnings per share. On average, sell-side analysts expect that Uber Technologies, Inc. will post 1.2 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the transaction, the insider now directly owns 107,290 shares in the company, valued at $8,350,380.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Tony West sold 18,750 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. 3.84% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Argus lifted their price target on shares of Uber Technologies from $69.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, March 4th. The Goldman Sachs Group lifted their price target on shares of Uber Technologies from $59.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Jefferies Financial Group lifted their price target on shares of Uber Technologies from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, April 5th. TheStreet raised shares of Uber Technologies from a “c” rating to a “b-” rating in a research report on Wednesday, February 7th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $85.00 target price on shares of Uber Technologies in a research report on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $78.21.

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.