Sandhill Capital Partners LLC Acquires 134,464 Shares of Uber Technologies, Inc. (NYSE:UBER)

Sandhill Capital Partners LLC grew its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 27.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 616,355 shares of the ride-sharing company’s stock after purchasing an additional 134,464 shares during the period. Uber Technologies makes up 3.2% of Sandhill Capital Partners LLC’s portfolio, making the stock its 14th biggest holding. Sandhill Capital Partners LLC’s holdings in Uber Technologies were worth $37,949,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in UBER. Impact Partnership Wealth LLC grew its position in shares of Uber Technologies by 234.9% during the 3rd quarter. Impact Partnership Wealth LLC now owns 1,333 shares of the ride-sharing company’s stock valued at $61,000 after purchasing an additional 935 shares in the last quarter. DAVENPORT & Co LLC grew its position in Uber Technologies by 20.2% in the third quarter. DAVENPORT & Co LLC now owns 63,760 shares of the ride-sharing company’s stock worth $2,932,000 after acquiring an additional 10,699 shares in the last quarter. Private Trust Co. NA grew its position in Uber Technologies by 90.7% in the third quarter. Private Trust Co. NA now owns 11,372 shares of the ride-sharing company’s stock worth $523,000 after acquiring an additional 5,409 shares in the last quarter. Strategic Blueprint LLC grew its position in Uber Technologies by 7.9% in the third quarter. Strategic Blueprint LLC now owns 6,198 shares of the ride-sharing company’s stock worth $285,000 after acquiring an additional 453 shares in the last quarter. Finally, Caprock Group LLC grew its position in Uber Technologies by 47.1% in the third quarter. Caprock Group LLC now owns 14,333 shares of the ride-sharing company’s stock worth $659,000 after acquiring an additional 4,587 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on UBER shares. Jefferies Financial Group upped their target price on shares of Uber Technologies from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. KeyCorp boosted their price target on shares of Uber Technologies from $79.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Argus boosted their price target on shares of Uber Technologies from $69.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. The Goldman Sachs Group boosted their price target on shares of Uber Technologies from $59.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Finally, Susquehanna upped their price objective on shares of Uber Technologies from $60.00 to $85.00 and gave the company a “positive” rating in a research note on Thursday, February 8th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $78.94.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the sale, the insider now directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the sale, the insider now directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tony West sold 18,750 shares of the firm’s stock in a transaction on 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 owns 185,566 shares in the company, valued at $13,004,465.28. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

UBER stock traded down $0.05 on Thursday, hitting $69.31. The company had a trading volume of 19,368,011 shares, compared to its average volume of 19,754,951. Uber Technologies, Inc. has a 12-month low of $29.22 and a 12-month high of $82.14. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79. The stock’s 50-day simple moving average is $76.73 and its 200 day simple moving average is $64.15. The stock has a market cap of $144.26 billion, a price-to-earnings ratio of 81.28, a P/E/G ratio of 1.12 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.50. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The business had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.76 billion. During the same period last year, the firm earned $0.29 earnings per share. The company’s quarterly revenue was up 15.4% on a year-over-year basis. As a group, equities research analysts expect that Uber Technologies, Inc. will post 1.22 earnings per share for the current fiscal year.

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.