Knights of Columbus Asset Advisors LLC Increases Holdings in Uber Technologies, Inc. (NYSE:UBER)

Knights of Columbus Asset Advisors LLC raised its position in Uber Technologies, Inc. (NYSE:UBER) by 32.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,811 shares of the ride-sharing company’s stock after purchasing an additional 17,904 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Uber Technologies were worth $4,483,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Drive Wealth Management LLC raised its position in Uber Technologies by 3.6% in the 4th quarter. Drive Wealth Management LLC now owns 4,691 shares of the ride-sharing company’s stock worth $289,000 after purchasing an additional 163 shares during the period. Blue Bell Private Wealth Management LLC grew its stake in Uber Technologies by 49.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after acquiring an additional 174 shares in the last quarter. Cigna Investments Inc. New grew its stake in Uber Technologies by 0.9% in the 4th quarter. Cigna Investments Inc. New now owns 20,743 shares of the ride-sharing company’s stock worth $1,277,000 after acquiring an additional 178 shares in the last quarter. Procyon Advisors LLC grew its stake in Uber Technologies by 3.6% in the 4th quarter. Procyon Advisors LLC now owns 5,258 shares of the ride-sharing company’s stock worth $324,000 after acquiring an additional 182 shares in the last quarter. Finally, Harbour Capital Advisors LLC grew its stake in Uber Technologies by 2.1% in the 4th quarter. Harbour Capital Advisors LLC now owns 9,920 shares of the ride-sharing company’s stock worth $578,000 after acquiring an additional 200 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Down 2.9 %

UBER stock opened at $69.22 on Friday. The firm has a market cap of $144.07 billion, a PE ratio of 80.49, a P/E/G ratio of 1.13 and a beta of 1.36. 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 fifty day moving average is $76.89 and its 200 day moving average is $63.50. Uber Technologies, Inc. has a one year low of $29.22 and a one year high of $82.14.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $9.76 billion. During the same quarter last year, the business earned $0.29 earnings per share. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, research analysts forecast that Uber Technologies, Inc. will post 1.22 EPS for the current year.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction dated 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 directly owns 107,290 shares in the company, valued at $8,350,380.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Uber Technologies news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction dated 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 transaction, the insider now directly owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies 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 directly owns 107,290 shares in the company, valued at $8,350,380.70. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on UBER. Needham & Company LLC restated a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Friday, April 5th. Tigress Financial increased their price objective on shares of Uber Technologies from $72.00 to $96.00 and gave the company a “buy” rating in a research note on Friday. 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 research note on Thursday, February 8th. Citigroup increased their price objective on shares of Uber Technologies from $83.00 to $91.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Finally, The Goldman Sachs Group raised their target price on shares of Uber Technologies from $59.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Two research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $78.94.

Uber Technologies Company 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.