Westfield Capital Management Co. LP Purchases 199,292 Shares of Uber Technologies, Inc. (NYSE:UBER)

Westfield Capital Management Co. LP increased its position in Uber Technologies, Inc. (NYSE:UBER) by 12.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,776,923 shares of the ride-sharing company’s stock after buying an additional 199,292 shares during the period. Westfield Capital Management Co. LP owned about 0.09% of Uber Technologies worth $109,405,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in UBER. Norges Bank bought a new position in shares of Uber Technologies during the 4th quarter valued at about $1,415,778,000. Massachusetts Financial Services Co. MA bought a new position in shares of Uber Technologies during the 3rd quarter valued at about $272,625,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Uber Technologies by 75.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,256,352 shares of the ride-sharing company’s stock valued at $631,484,000 after purchasing an additional 4,402,382 shares during the last quarter. Jericho Capital Asset Management L.P. bought a new position in shares of Uber Technologies during the 3rd quarter valued at about $187,111,000. Finally, Brown Advisory Inc. boosted its holdings in shares of Uber Technologies by 14.7% during the 4th quarter. Brown Advisory Inc. now owns 17,991,630 shares of the ride-sharing company’s stock valued at $1,107,745,000 after purchasing an additional 2,307,763 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. UBS Group dropped their price objective on shares of Uber Technologies from $100.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Piper Sandler upped their target price on shares of Uber Technologies from $78.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. Oppenheimer restated an “outperform” rating and set a $90.00 target price on shares of Uber Technologies in a research report on Monday, April 29th. TheStreet upgraded shares of Uber Technologies from a “c” rating to a “b-” rating in a research report on Wednesday, February 7th. Finally, Barclays upped their target price on shares of Uber Technologies from $63.00 to $86.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Two equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $84.38.

Uber Technologies Stock Up 1.0 %

UBER stock traded up $0.66 during trading on Friday, hitting $64.26. 10,385,892 shares of the company’s stock traded hands, compared to its average volume of 23,057,772. The firm has a market capitalization of $134.27 billion, a P/E ratio of 103.65, a PEG ratio of 1.36 and a beta of 1.39. The business has a fifty day simple moving average of $71.62 and a two-hundred day simple moving average of $67.60. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. Uber Technologies, Inc. has a 1 year low of $37.07 and a 1 year high of $82.14.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.53). The business had revenue of $10.13 billion for the quarter, compared to analysts’ expectations of $10.09 billion. Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.08) earnings per share. Sell-side analysts anticipate that Uber Technologies, Inc. will post 0.88 EPS for the current year.

Insiders Place Their Bets

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction on Friday, May 17th. The shares were sold at an average price of $65.93, for a total value of $32,965,000.00. Following the transaction, the chief executive officer now directly owns 1,656,996 shares of the company’s stock, valued at $109,245,746.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Uber Technologies news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction on Monday, May 13th. The shares were sold at an average price of $65.63, for a total value of $1,230,562.50. Following the transaction, the insider now directly owns 206,338 shares of the company’s stock, valued at $13,541,962.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction on Friday, May 17th. The stock was sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,656,996 shares in the company, valued at $109,245,746.28. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company’s stock.

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.