Transcend Capital Advisors LLC Increases Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Transcend Capital Advisors LLC grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 41,819 shares of the ride-sharing company’s stock after buying an additional 1,142 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Uber Technologies were worth $2,575,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of 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 buying an additional 2,067,098 shares during the period. Brown Advisory Inc. lifted its holdings in shares of Uber Technologies by 1,108.6% during 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 acquiring an additional 14,386,205 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Uber Technologies by 2.9% during the 3rd quarter. Northern Trust Corp now owns 12,356,034 shares of the ride-sharing company’s stock valued at $568,254,000 after acquiring an additional 351,575 shares in the last quarter. Winslow Capital Management LLC lifted its holdings in shares of Uber Technologies by 33.6% during 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 acquiring an additional 2,278,252 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new position in shares of Uber Technologies during the 3rd quarter valued at $272,625,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

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 stock was sold at an average price of $77.83, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tony West sold 18,750 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was 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 in the company, valued at $13,004,465.28. The disclosure for this sale can be found here. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Stock Performance

Uber Technologies stock traded down $0.26 during midday trading on Friday, reaching $69.05. The stock had a trading volume of 16,187,639 shares, compared to its average volume of 17,118,054. Uber Technologies, Inc. has a 12 month low of $29.22 and a 12 month high of $82.14. The firm’s 50-day moving average price is $76.30 and its 200 day moving average price is $64.48. The firm has a market capitalization of $143.72 billion, a PE ratio of 80.29, a P/E/G ratio of 1.09 and a beta of 1.36. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data 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. The company had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.76 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. Uber Technologies’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.29 earnings per share. As a group, research analysts predict that Uber Technologies, Inc. will post 1.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Citigroup lifted their target price on shares of Uber Technologies from $83.00 to $91.00 and gave the company a “buy” rating in a report on Friday, February 16th. Barclays increased their price objective on shares of Uber Technologies from $63.00 to $86.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. JMP Securities reissued a “market outperform” rating and set a $85.00 target price on shares of Uber Technologies in a research note on Thursday, March 28th. JPMorgan Chase & Co. increased their target price on shares of Uber Technologies from $84.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Finally, UBS Group upped their price target on shares of Uber Technologies from $94.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $78.94.

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.