Sims Investment Management LLC Invests $2.20 Million in Uber Technologies, Inc. (NYSE:UBER)

Sims Investment Management LLC acquired a new position in Uber Technologies, Inc. (NYSE:UBER) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 36,458 shares of the ride-sharing company’s stock, valued at approximately $2,199,000. Uber Technologies comprises 1.2% of Sims Investment Management LLC’s investment portfolio, making the stock its 13th biggest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. SVB Wealth LLC purchased a new stake in shares of Uber Technologies in the fourth quarter worth approximately $1,314,000. Dynasty Wealth Management LLC purchased a new stake in shares of Uber Technologies in the fourth quarter worth approximately $1,011,000. Private Trust Co. NA raised its stake in shares of Uber Technologies by 69.1% in the fourth quarter. Private Trust Co. NA now owns 25,408 shares of the ride-sharing company’s stock worth $1,533,000 after purchasing an additional 10,381 shares during the last quarter. Pettyjohn Wood & White Inc. purchased a new stake in shares of Uber Technologies in the fourth quarter worth approximately $651,000. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Uber Technologies by 9.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 5,130 shares of the ride-sharing company’s stock valued at $309,000 after acquiring an additional 432 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Trading Up 2.5 %

NYSE:UBER opened at $76.07 on Friday. The company has a market cap of $158.90 billion, a P/E ratio of 16.68, a P/E/G ratio of 0.89 and a beta of 1.39. The stock’s fifty day moving average price is $69.53 and its two-hundred day moving average price is $71.53. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year 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 posted its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. As a group, analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the sale, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on UBER shares. Piper Sandler reaffirmed an “overweight” rating and issued a $87.00 target price (up from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Arete Research raised Uber Technologies to a “hold” rating in a report on Tuesday, February 18th. Evercore ISI reduced their target price on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. DA Davidson reduced their target price on Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Uber Technologies in a report on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and an average price target of $90.94.

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.