Ensign Peak Advisors Inc Has $293.31 Million Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Ensign Peak Advisors Inc cut its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 0.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,862,600 shares of the ride-sharing company’s stock after selling 41,751 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Uber Technologies were worth $293,312,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of UBER. Polianta Ltd bought a new stake in shares of Uber Technologies in the 4th quarter valued at approximately $1,206,000. Allworth Financial LP grew its position in Uber Technologies by 8.9% in the fourth quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock worth $1,229,000 after acquiring an additional 1,663 shares in the last quarter. Lecap Asset Management Ltd. acquired a new position in shares of Uber Technologies during the 4th quarter worth $3,188,000. Mirador Capital Partners LP increased its stake in shares of Uber Technologies by 40.4% during the 4th quarter. Mirador Capital Partners LP now owns 85,214 shares of the ride-sharing company’s stock worth $5,140,000 after purchasing an additional 24,520 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft raised its holdings in shares of Uber Technologies by 1,705.2% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 56,592 shares of the ride-sharing company’s stock valued at $3,414,000 after purchasing an additional 53,457 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Uber Technologies stock opened at $82.42 on Friday. The firm has a market capitalization of $172.41 billion, a P/E ratio of 18.07, a P/E/G ratio of 0.89 and a beta of 1.43. The stock has a fifty day moving average price of $74.58 and a two-hundred day moving average price of $71.57. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.33. The firm had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the firm posted ($0.32) EPS. As a group, analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling

In other Uber Technologies news, insider Tony West sold 23,404 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the sale, the insider now owns 114,241 shares in the company, valued at approximately $8,027,715.07. This trade represents a 17.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the transaction, the chief financial officer now owns 21,063 shares in the company, valued at $1,790,355. The trade was a 11.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 79,904 shares of company stock worth $6,027,619 in the last three months. Insiders own 3.84% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on UBER. DA Davidson increased their target price on shares of Uber Technologies from $80.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday. Royal Bank of Canada reissued an “outperform” rating and set a $82.00 price objective on shares of Uber Technologies in a report on Monday. JMP Securities reaffirmed a “market perform” rating on shares of Uber Technologies in a research report on Thursday, February 6th. Bank of America lifted their price target on shares of Uber Technologies from $96.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Truist Financial upped their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, March 6th. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $92.69.

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.