Natixis Advisors L.P. Buys 422,916 Shares of Uber Technologies, Inc. (NYSE:UBER)

Natixis Advisors L.P. boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 1,994.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 444,122 shares of the ride-sharing company’s stock after purchasing an additional 422,916 shares during the period. Natixis Advisors L.P.’s holdings in Uber Technologies were worth $27,344,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. raised its position in Uber Technologies by 12.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 456,422 shares of the ride-sharing company’s stock worth $20,991,000 after acquiring an additional 52,324 shares during the period. Citizens National Bank Trust Department raised its position in Uber Technologies by 51.7% in the third quarter. Citizens National Bank Trust Department now owns 2,290 shares of the ride-sharing company’s stock worth $105,000 after acquiring an additional 780 shares during the period. Telemus Capital LLC raised its position in Uber Technologies by 37.9% in the third quarter. Telemus Capital LLC now owns 10,165 shares of the ride-sharing company’s stock worth $467,000 after acquiring an additional 2,794 shares during the period. New York State Teachers Retirement System raised its position in Uber Technologies by 70.3% in the third quarter. New York State Teachers Retirement System now owns 40,163 shares of the ride-sharing company’s stock worth $1,847,000 after acquiring an additional 16,576 shares during the period. Finally, BluePath Capital Management LLC bought a new position in Uber Technologies in the third quarter worth approximately $226,000. Institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

UBER has been the subject of a number of analyst reports. Bank of America increased their price objective on shares of Uber Technologies from $68.00 to $73.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. BMO Capital Markets increased their price objective on shares of Uber Technologies from $82.00 to $92.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. UBS Group increased their price objective on shares of Uber Technologies from $94.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Piper Sandler increased their price objective on shares of Uber Technologies from $78.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. Finally, Citigroup increased their price objective on shares of Uber Technologies from $83.00 to $91.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Two equities research 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 a consensus target price of $81.65.

Insider Activity

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

Uber Technologies Trading Up 1.0 %

NYSE UBER opened at $69.23 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market capitalization of $144.09 billion, a price-to-earnings ratio of 80.50, a price-to-earnings-growth ratio of 1.09 and a beta of 1.39. The company’s 50-day simple moving average is $75.33 and its two-hundred day simple moving average is $65.27. Uber Technologies, Inc. has a one year low of $36.69 and a one year high of $82.14.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.50. The business 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 company’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 EPS. Equities analysts forecast that Uber Technologies, Inc. will post 1.23 EPS for the current fiscal 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.