The company's most recent filing to the Securities and Exchange Commission, SEC, shows that the fund increased its stock holdings by 10.5% in the fourth quarter. The fund now owns 67,699 of the ride-sharing firm's shares after buying an additional 6,436 during the period. IPG Investment Advisors LLC held Uber Technologies shares worth $1,674,000 as of the end the last quarter.
Other hedge funds and institutional investors have also made recent changes to their UBER positions. Price T Rowe Associates Inc. MD increased its stake in Uber Technologies shares by 3.0% during the fourth quarter. Price T Rowe Associates Inc. MD owns 1,163,591 of the ride-sharing firm's stock, valued at $28,776,000. This is after buying an additional 33 483 shares in the last quarter. Moore Capital Management LP increased its holdings in Uber Technologies shares by 51.1% during the fourth quarter. Moore Capital Management LP owns 280 689 shares in the ride-sharing firm's stock, valued at $6 941 000, after purchasing an additional 94 946 shares during the fourth quarter. Cetera Advisor Networks LLC increased its stake in Uber Technologies shares by 61.9% during the 4th Quarter. Cetera Advisor Networks LLC owns 190.271 shares valued at $4.705,000, after adding 72.766 more shares during the last quarter. Cetera Investment Advisers increased its holdings of Uber Technologies by 90.9% during the 4th quarter. Cetera Investment Advisers owns 162,320 of the ridesharing company's shares worth $4,014,000, after buying an additional 77.273 shares in the last quarter. Cetera Advisors LLC increased its stake in Uber Technologies during the fourth-quarter by 11.8%. Cetera Advisors LLC owns now 44,318 of the ridesharing company's shares worth $1,096,000, after buying an additional 4,667 during the period. Trading on Monday saw a $0.74 increase, bringing the price to $41.74. The company exchanged 16,001,537 of its shares, as compared to the average of 24,242,092. Uber Technologies, Inc.'s low for the past twelve months is $19.90, and its high for that same period is $41.74. The company has a moving average of 35.47 dollars and a moving average of 32.00 dollars for the past 50 days. The company's quick ratio is 1.06, its current ratio is 1.06, and it has a debt to equity ratio of 1.12. The company has a market cap of $84.46 billion, with a price to earnings ratio of -23.7, and a P/E/G of 14.32. It also has a beta value of 1.19.
The last time ) released its quarterly earnings was on May 2nd. The ride-sharing firm reported ($0.08) in earnings per share for the quarter. This was $0.02 more than analysts' expectations of ($0.10). Revenue for the quarter was $8.82 billion, which is higher than analysts' expectations. Uber Technologies' negative net margin was 9.95%, and its negative return on equity was 43.94%. Revenue for the quarter increased by 28.7% compared to last year. In the same quarter last year, the company had earned ($0.18) per share. Analysts on the sell-side predict that Uber Technologies, Inc. is expected to post 0.06 earnings per share for its current fiscal year.
On Monday, 8th May, the company sold 12,501 of its shares. The shares were purchased at a price of $37.85 on average, with a value of $473.162.85. After the transaction was completed, the insider owns 181,750 company shares, worth $6,879,237.50. Insiders own 3.84%.
Wall Street analysts forecast growth
UBER was the subject of many research analyst reports. Citigroup increased their price target on Uber Technologies in a report published on May 3rd from $55.00 up to $57.00. Piper Jaffray Companies raised their price target on Uber Technologies in a report published on Wednesday, 3rd May from $41.00 up to $43.00. Needham & Company LLC increased their target price for shares of Uber Technologies in a research note on Wednesday, 3rd May from $54.00 up to $56.00. Mizuho raised their target price for shares of Uber Technologies in a research report on Wednesday, 3rd May from $50.00 up to $55.00. Morgan Stanley also raised its price target for shares of Uber Technologies in a report published on May 3, from $54.00 up to $57.00. Twenty-seven analysts have given the company a buy rating, while one analyst has assigned the stock a hold. According to MarketBeat.com Uber Technologies currently has an average rating 'Moderate buy' with an average price target of $49.10.
Uber Technologies, Inc. is a platform that develops and operates technology applications, networks, and products to help people get from A to B. The company offers merchant delivery services for grocery, meal preparation and other services.
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