Apollon Wealth Management LLC Purchases 7,101 Shares of Uber Technologies, Inc. (NYSE:UBER)

Apollon Wealth Management LLC increased its position in Uber Technologies, Inc. (NYSE:UBER) by 57.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 19,407 shares of the ride-sharing company’s stock after acquiring an additional 7,101 shares during the quarter. Apollon Wealth Management LLC’s holdings in Uber Technologies were worth $1,195,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UBER. Massachusetts Financial Services Co. MA purchased a new position in shares of Uber Technologies in the third quarter worth about $272,625,000. Jericho Capital Asset Management L.P. bought a new position in Uber Technologies in the 3rd quarter worth approximately $187,111,000. Winslow Capital Management LLC grew its stake in Uber Technologies by 33.6% in the 3rd quarter. Winslow Capital Management LLC now owns 9,062,836 shares of the ride-sharing company’s stock valued at $416,800,000 after buying an additional 2,278,252 shares in the last quarter. Vanguard Group Inc. raised its holdings in Uber Technologies by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 124,353,537 shares of the ride-sharing company’s stock valued at $5,719,019,000 after acquiring an additional 2,067,098 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of Uber Technologies by 206.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,947,826 shares of the ride-sharing company’s stock worth $135,571,000 after acquiring an additional 1,987,003 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Uber Technologies from $84.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Piper Sandler upped their price target on Uber Technologies from $78.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. Wells Fargo & Company raised their price objective on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. JMP Securities reaffirmed a “market outperform” rating and set a $85.00 target price on shares of Uber Technologies in a report on Thursday, March 28th. Finally, Oppenheimer reissued an “outperform” rating and issued a $90.00 price target on shares of Uber Technologies in a report on Monday, April 29th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $83.00.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $66.40 on Thursday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19. Uber Technologies, Inc. has a one year low of $37.07 and a one year high of $82.14. The business’s 50 day simple moving average is $74.80 and its two-hundred day simple moving average is $65.83. The stock has a market capitalization of $138.20 billion, a P/E ratio of 77.21, a price-to-earnings-growth ratio of 1.09 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.16 by $0.50. The company had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.76 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.29 earnings per share. Analysts forecast that Uber Technologies, Inc. will post 1.23 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction that occurred on 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 approximately $8,350,380.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Tony West sold 18,750 shares of the 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 completion of the transaction, the insider now directly owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies 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 sale, the insider now directly owns 107,290 shares in the company, valued at $8,350,380.70. The disclosure for this sale can be found here. Corporate insiders own 3.80% 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.