Uber Technologies, Inc. (NYSE:UBER) Holdings Raised by Winslow Asset Management Inc.

Winslow Asset Management Inc. boosted its stake in Uber Technologies, Inc. (NYSE:UBERFree Report) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 156,358 shares of the ride-sharing company’s stock after buying an additional 840 shares during the quarter. Uber Technologies makes up about 2.0% of Winslow Asset Management Inc.’s holdings, making the stock its 17th biggest position. Winslow Asset Management Inc.’s holdings in Uber Technologies were worth $9,627,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UBER. Fiera Capital Corp lifted its position in Uber Technologies by 0.6% in the 3rd quarter. Fiera Capital Corp now owns 87,376 shares of the ride-sharing company’s stock worth $4,018,000 after buying an additional 498 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Uber Technologies by 15.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 63,059 shares of the ride-sharing company’s stock valued at $2,900,000 after purchasing an additional 8,202 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of Uber Technologies by 7.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,713,286 shares of the ride-sharing company’s stock valued at $79,229,000 after purchasing an additional 114,617 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of Uber Technologies by 13.4% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 188,521 shares of the ride-sharing company’s stock valued at $8,670,000 after purchasing an additional 22,304 shares in the last quarter. Finally, Quintet Private Bank Europe S.A. raised its holdings in shares of Uber Technologies by 9.1% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 12,329 shares of the ride-sharing company’s stock valued at $567,000 after purchasing an additional 1,024 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In related news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the transaction, the insider now directly owns 206,338 shares of the company’s stock, valued at approximately $13,541,962.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction dated 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 completion of 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Tony West sold 18,750 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the transaction, the insider now directly owns 206,338 shares of the company’s stock, valued at $13,541,962.94. The disclosure for this sale can be found here. Insiders sold 607,984 shares of company stock valued at $40,279,537 in the last ninety days. Insiders own 3.84% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on UBER shares. BMO Capital Markets restated an “outperform” rating and set a $92.00 price target on shares of Uber Technologies in a report on Wednesday, May 15th. Citigroup raised their price target on shares of Uber Technologies from $93.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday. Loop Capital lowered their target price on shares of Uber Technologies from $88.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, May 16th. Argus raised their target price on shares of Uber Technologies from $69.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Finally, DA Davidson reiterated a “buy” rating and issued a $81.00 target price on shares of Uber Technologies in a research note on Wednesday, May 8th. Two analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $84.47.

Check Out Our Latest Research Report on UBER

Uber Technologies Price Performance

Shares of NYSE:UBER traded down $1.22 during midday trading on Friday, reaching $69.64. 6,236,692 shares of the company’s stock were exchanged, compared to its average volume of 19,824,277. The company’s 50 day simple moving average is $68.61 and its two-hundred day simple moving average is $68.80. The firm has a market capitalization of $145.51 billion, a PE ratio of 112.71, a price-to-earnings-growth ratio of 1.61 and a beta of 1.37. Uber Technologies, Inc. has a 12 month low of $40.09 and a 12 month high of $82.14. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.21 and a current ratio of 1.21.

Uber Technologies (NYSE:UBERGet Free Report) last announced its quarterly earnings results 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). Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The firm had revenue of $10.13 billion for the quarter, compared to the consensus estimate of $10.09 billion. During the same period in the prior year, the business earned ($0.08) earnings per share. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. Equities research analysts expect that Uber Technologies, Inc. will post 0.84 earnings per share for the current fiscal year.

About Uber Technologies

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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