Breed s Hill Capital LLC Takes Position in Uber Technologies, Inc. (NYSE:UBER)

Breed s Hill Capital LLC purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 6,369 shares of the ride-sharing company’s stock, valued at approximately $392,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised 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 valued at $5,719,019,000 after buying an additional 2,067,098 shares during the period. Northern Trust Corp lifted its holdings in shares of Uber Technologies by 2.9% in the 3rd quarter. Northern Trust Corp now owns 12,356,034 shares of the ride-sharing company’s stock worth $568,254,000 after acquiring an additional 351,575 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position 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 worth $631,484,000 after purchasing an additional 4,402,382 shares during the period. Winslow Capital Management LLC increased 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 valued at $416,800,000 after purchasing an additional 2,278,252 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new stake in Uber Technologies in the third quarter valued at approximately $272,625,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 107,290 shares in the company, valued at $8,350,380.70. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Tony West sold 18,750 shares of the business’s stock in a transaction that occurred on 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 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. 3.80% of the stock is currently owned by company insiders.

Uber Technologies Price Performance

Uber Technologies stock traded up $1.53 during midday trading on Thursday, reaching $67.93. 27,956,039 shares of the company were exchanged, compared to its average volume of 20,634,590. The company has a market capitalization of $141.39 billion, a price-to-earnings ratio of 78.99, a P/E/G ratio of 1.09 and a beta of 1.39. 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 firm’s 50-day simple moving average is $74.57 and its 200-day simple moving average is $65.85. Uber Technologies, Inc. has a 1 year low of $37.07 and a 1 year high of $82.14.

Uber Technologies (NYSE:UBER) last announced 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 firm had revenue of $10.13 billion for the quarter, compared to analysts’ expectations of $10.09 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.08) EPS. On average, analysts anticipate that Uber Technologies, Inc. will post 1.23 EPS for the current year.

Wall Street Analyst Weigh In

UBER has been the subject of a number of research reports. DA Davidson reaffirmed a “buy” rating and issued a $81.00 price objective on shares of Uber Technologies in a research note on Wednesday. Wedbush reiterated an “outperform” rating and set a $85.00 target price on shares of Uber Technologies in a report on Wednesday. Piper Sandler upped their price objective on Uber Technologies from $78.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. Bank of America decreased their target price on Uber Technologies from $91.00 to $87.00 and set a “buy” rating for the company in a report on Thursday. Finally, Wells Fargo & Company reduced their price target on Uber Technologies from $95.00 to $89.00 and set an “overweight” rating on the stock in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $83.44.

Uber Technologies 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.