Bfsg LLC Takes Position in Uber Technologies, Inc. (NYSE:UBER)

Bfsg LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBER) during the fourth quarter, Holdings Channel reports. The fund acquired 500 shares of the ride-sharing company’s stock, valued at approximately $31,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Uber Technologies by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 124,353,537 shares of the ride-sharing company’s stock worth $5,719,019,000 after purchasing an additional 2,067,098 shares during the last quarter. Brown Advisory Inc. boosted its stake in Uber Technologies by 1,108.6% during the 3rd quarter. Brown Advisory Inc. now owns 15,683,867 shares of the ride-sharing company’s stock worth $721,301,000 after purchasing an additional 14,386,205 shares during the last quarter. Northern Trust Corp boosted its stake in Uber Technologies by 2.9% during the 3rd quarter. Northern Trust Corp now owns 12,356,034 shares of the ride-sharing company’s stock worth $568,254,000 after purchasing an additional 351,575 shares during the last quarter. Winslow Capital Management LLC boosted its stake in Uber Technologies by 33.6% during the 3rd quarter. Winslow Capital Management LLC now owns 9,062,836 shares of the ride-sharing company’s stock worth $416,800,000 after purchasing an additional 2,278,252 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new stake in Uber Technologies during the 3rd quarter worth $272,625,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Up 1.3 %

Shares of NYSE:UBER opened at $70.23 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market capitalization of $146.18 billion, a PE ratio of 80.59, a price-to-earnings-growth ratio of 1.10 and a beta of 1.36. The firm’s 50-day moving average is $76.49 and its two-hundred day moving average is $64.19. Uber Technologies, Inc. has a 1 year low of $29.22 and a 1 year high of $82.14.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.50. The company had revenue of $9.94 billion for 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 revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 earnings per share. Analysts predict that Uber Technologies, Inc. will post 1.22 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $85.00 target price on shares of Uber Technologies in a research note on Thursday, February 15th. Piper Sandler lifted their price target on Uber Technologies from $78.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a report on Friday, April 5th. Gordon Haskett lowered Uber Technologies from a “buy” rating to a “hold” rating and set a $66.00 price target on the stock. in a report on Wednesday, January 24th. Finally, Mizuho lifted their price target on Uber Technologies from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Two analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $78.94.

Insiders Place Their Bets

In other 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 completion of the transaction, the insider now directly owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other 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 completion of the transaction, the insider now directly owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Tony West sold 18,750 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $13,004,465.28. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

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.