Traynor Capital Management Inc. Grows Position in Uber Technologies, Inc. (NYSE:UBER)

Traynor Capital Management Inc. raised its holdings in Uber Technologies, Inc. (NYSE:UBER) by 25.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,140 shares of the ride-sharing company’s stock after acquiring an additional 12,080 shares during the period. Traynor Capital Management Inc.’s holdings in Uber Technologies were worth $3,641,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Treasurer of the State of North Carolina raised its holdings in shares of Uber Technologies by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 877,589 shares of the ride-sharing company’s stock valued at $40,360,000 after buying an additional 3,530 shares in the last quarter. Compagnie Lombard Odier SCmA raised its holdings in shares of Uber Technologies by 73.0% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 33,535 shares of the ride-sharing company’s stock valued at $2,065,000 after buying an additional 14,153 shares in the last quarter. NewEdge Wealth LLC raised its holdings in shares of Uber Technologies by 6.8% during the 3rd quarter. NewEdge Wealth LLC now owns 329,341 shares of the ride-sharing company’s stock valued at $15,146,000 after buying an additional 21,042 shares in the last quarter. Greycroft LP purchased a new position in shares of Uber Technologies during the 3rd quarter valued at about $483,000. Finally, Chilton Investment Co. Inc. purchased a new position in shares of Uber Technologies during the 2nd quarter valued at about $209,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Down 1.5 %

NYSE:UBER traded down $1.14 during trading hours on Thursday, reaching $76.97. 13,416,887 shares of the company traded hands, compared to its average volume of 20,295,779. Uber Technologies, Inc. has a 1 year low of $29.22 and a 1 year high of $82.14. The business’s 50-day moving average price is $74.50 and its two-hundred day moving average price is $60.36. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $159.83 billion, a P/E ratio of 89.50, a P/E/G ratio of 1.26 and a beta of 1.37.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, topping the consensus estimate 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 in the previous year, the business earned $0.29 earnings per share. The company’s revenue was up 15.4% on a year-over-year basis. Analysts predict that Uber Technologies, Inc. will post 1.19 earnings per share for the current year.

Insider Transactions at Uber Technologies

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on UBER shares. Tigress Financial raised their price target on Uber Technologies from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, November 30th. Mizuho raised their price target on Uber Technologies from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Barclays raised their price target on Uber Technologies from $63.00 to $86.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Susquehanna raised their price target on Uber Technologies from $60.00 to $85.00 and gave the stock a “positive” rating in a research report on Thursday, February 8th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $85.00 price objective on shares of Uber Technologies in a research report on Thursday, February 15th. Two analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $75.41.

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.