Federated Hermes Inc. lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 33.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 501,500 shares of the ride-sharing company’s stock after purchasing an additional 125,057 shares during the period. Federated Hermes Inc.’s holdings in Uber Technologies were worth $30,877,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the company. OFI Invest Asset Management purchased a new position in shares of Uber Technologies in the 3rd quarter worth about $26,000. Ritter Daniher Financial Advisory LLC DE increased its position in Uber Technologies by 2,545.5% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock worth $27,000 after purchasing an additional 560 shares in the last quarter. JFS Wealth Advisors LLC raised its holdings in Uber Technologies by 319.4% in the third quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company’s stock valued at $30,000 after buying an additional 495 shares during the period. CVA Family Office LLC acquired a new position in Uber Technologies during the fourth quarter valued at approximately $30,000. Finally, Highlander Capital Management LLC grew its stake in Uber Technologies by 100.0% during the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after buying an additional 250 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.
Uber Technologies Price Performance
Shares of NYSE:UBER opened at $69.20 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. Uber Technologies, Inc. has a one year low of $29.22 and a one year high of $82.14. The company has a market capitalization of $144.03 billion, a PE ratio of 80.47, a price-to-earnings-growth ratio of 1.10 and a beta of 1.36. The stock has a fifty day moving average of $76.89 and a 200-day moving average of $63.64.
Uber Technologies (NYSE:UBER – Get Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.50. The company had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.76 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 15.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 earnings per share. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 1.22 EPS for the current fiscal year.
Insider Buying and Selling
In other news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction on 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 completion of the sale, the insider now owns 107,290 shares in the company, valued at $8,350,380.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Jill Hazelbaker sold 20,000 shares of the company’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 owns 107,290 shares in the company, valued at approximately $8,350,380.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tony West sold 18,750 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the sale, the insider now directly owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The disclosure for this sale can be found here. Company insiders own 3.84% of the company’s stock.
Analyst Ratings Changes
Several equities analysts recently weighed in on UBER shares. Gordon Haskett lowered shares of Uber Technologies from a “buy” rating to a “hold” rating and set a $66.00 target price on the stock. in a report on Wednesday, January 24th. Citigroup upped their target price on Uber Technologies from $83.00 to $91.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $85.00 target price on shares of Uber Technologies in a report on Thursday, February 15th. Moffett Nathanson restated a “buy” rating and issued a $92.00 price target on shares of Uber Technologies in a report on Thursday, April 11th. Finally, BMO Capital Markets lifted their price objective on shares of Uber Technologies from $82.00 to $92.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.94.
Get Our Latest Stock Report on UBER
Uber Technologies Company Profile
(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.
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