Uber Technologies, Inc. (NYSE:UBER) Stock Position Raised by Mitchell Mcleod Pugh & Williams Inc.

Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 12.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,485 shares of the ride-sharing company’s stock after acquiring an additional 700 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Uber Technologies were worth $399,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Brown Advisory Inc. lifted its position in Uber Technologies by 1,108.6% in the 3rd quarter. Brown Advisory Inc. now owns 15,683,867 shares of the ride-sharing company’s stock valued at $721,301,000 after purchasing an additional 14,386,205 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of Uber Technologies during the third quarter valued at approximately $272,625,000. Jericho Capital Asset Management L.P. acquired a new position in shares of Uber Technologies during the third quarter worth approximately $187,111,000. Winslow Capital Management LLC grew its holdings 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 worth $416,800,000 after buying an additional 2,278,252 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Uber Technologies by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 124,353,537 shares of the ride-sharing company’s stock worth $5,719,019,000 after buying an additional 2,067,098 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Trading Down 2.4 %

Shares of Uber Technologies stock opened at $67.41 on Tuesday. The company has a market cap of $140.31 billion, a price-to-earnings ratio of 78.38, a PEG ratio of 1.09 and a beta of 1.36. Uber Technologies, Inc. has a 1 year low of $31.76 and a 1 year high of $82.14. The company’s fifty day simple moving average is $76.08 and its 200-day simple moving average is $64.75. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.16 by $0.50. The firm had revenue of $9.94 billion during the quarter, compared to analysts’ expectations of $9.76 billion. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 EPS. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 1.22 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Gordon Haskett cut shares of Uber Technologies from a “buy” rating to a “hold” rating and set a $66.00 target price on the stock. in a research note on Wednesday, January 24th. Roth Mkm boosted their target price on Uber Technologies from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Susquehanna increased their price target on Uber Technologies from $60.00 to $85.00 and gave the company a “positive” rating in a research note on Thursday, February 8th. Bank of America lifted their price target on Uber Technologies from $68.00 to $73.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Finally, Wells Fargo & Company upped their price objective on Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Two investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $79.39.

Insider Activity at Uber Technologies

In other 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 transaction, the insider now directly owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Uber Technologies 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jill Hazelbaker sold 20,000 shares of the business’s 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 transaction, 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. 3.80% of the stock is currently owned by insiders.

About Uber Technologies

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.