Kovack Advisors Inc. Has $2.46 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Kovack Advisors Inc. increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 24.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,002 shares of the ride-sharing company’s stock after acquiring an additional 7,790 shares during the period. Kovack Advisors Inc.’s holdings in Uber Technologies were worth $2,463,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in UBER. CVA Family Office LLC bought a new position in shares of Uber Technologies in the fourth quarter worth about $30,000. Highlander Capital Management LLC raised its stake in shares of Uber Technologies by 100.0% during the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after buying an additional 250 shares during the last quarter. Bfsg LLC bought a new stake in shares of Uber Technologies during the fourth quarter worth approximately $31,000. Blue Bell Private Wealth Management LLC raised its stake in shares of Uber Technologies by 49.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after buying an additional 174 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group raised its stake in shares of Uber Technologies by 82.9% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 578 shares of the ride-sharing company’s stock worth $36,000 after buying an additional 262 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on UBER. JPMorgan Chase & Co. boosted their price objective on shares of Uber Technologies from $84.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Roth Mkm upped their price target on shares of Uber Technologies from $72.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Bank of America upped their price target on shares of Uber Technologies from $68.00 to $73.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Nomura cut shares of Uber Technologies from a “buy” rating to a “neutral” rating and upped their price target for the company from $59.00 to $62.00 in a report on Friday, December 29th. Finally, Truist Financial upped their price target on shares of Uber Technologies from $90.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Two investment 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 stock currently has a consensus rating of “Moderate Buy” and an average target price of $78.94.

Uber Technologies Stock Performance

Shares of UBER traded down $0.27 during trading hours on Friday, hitting $69.04. The company had a trading volume of 16,180,562 shares, compared to its average volume of 19,708,822. The firm has a market cap of $143.70 billion, a price-to-earnings ratio of 80.28, a PEG ratio of 1.10 and a beta of 1.36. The business has a fifty day moving average of $76.30 and a 200-day moving average of $64.35. Uber Technologies, Inc. has a 12 month low of $29.22 and a 12 month 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 data 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. The company had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.76 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The company’s revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 earnings per share. Equities analysts anticipate that Uber Technologies, Inc. will post 1.22 EPS for the current fiscal year.

Insider Activity

In related news, insider Jill Hazelbaker sold 20,000 shares of the company’s stock in a transaction dated 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 in the company, valued at $8,350,380.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Tony West sold 18,750 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 185,566 shares in the company, valued at $13,004,465.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 20,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 107,290 shares in the company, valued at $8,350,380.70. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

Uber Technologies 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.