Traynor Capital Management Inc. Buys 12,080 Shares of Uber Technologies, Inc. (NYSE:UBER)

Traynor Capital Management Inc. raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 25.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,140 shares of the ride-sharing company’s stock after buying 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.

Other large investors have also modified their holdings of the company. CVA Family Office LLC purchased a new position in shares of Uber Technologies during the fourth quarter valued at approximately $30,000. Ritter Daniher Financial Advisory LLC DE boosted its position in shares of 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 during the period. OFI Invest Asset Management purchased a new stake in shares of Uber Technologies in the third quarter valued at approximately $26,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of Uber Technologies in the third quarter valued at approximately $28,000. Finally, JFS Wealth Advisors LLC boosted its holdings in shares of Uber Technologies by 319.4% in the third quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company’s stock valued at $30,000 after purchasing an additional 495 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were 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 is accessible through this link. In other news, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction on Wednesday, February 14th. The shares were 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 directly owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction on Monday, February 12th. The stock was sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the sale, the insider now directly owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. JMP Securities reiterated a “market outperform” rating and issued a $85.00 price target on shares of Uber Technologies in a report on Thursday. Piper Sandler upped their price target on Uber Technologies from $78.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. Tigress Financial upped 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. Citigroup upped their price target on Uber Technologies from $83.00 to $91.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price 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 issued a buy rating to the company. Based on data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $75.41.

Uber Technologies Trading Down 1.5 %

Shares of NYSE UBER traded down $1.14 during midday trading on Thursday, reaching $76.97. 13,416,887 shares of the stock were exchanged, compared to its average volume of 20,295,779. The company has a 50 day simple moving average of $74.50 and a 200 day simple moving average of $60.36. The stock has a market capitalization of $159.83 billion, a P/E ratio of 89.50, a PEG ratio of 1.26 and a beta of 1.37. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. Uber Technologies, Inc. has a twelve month low of $29.22 and a twelve month high of $82.14.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.50. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The firm had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.76 billion. During the same quarter last year, the firm earned $0.29 EPS. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. As a group, equities analysts expect that Uber Technologies, Inc. will post 1.19 earnings per share for the current year.

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.