Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by BluePointe Capital Management LLC

BluePointe Capital Management LLC boosted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 32.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,562 shares of the ride-sharing company’s stock after acquiring an additional 1,114 shares during the period. BluePointe Capital Management LLC’s holdings in Uber Technologies were worth $275,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of UBER. Condor Capital Management bought a new position in shares of Uber Technologies during the fourth quarter worth about $1,827,000. Teacher Retirement System of Texas grew its position in Uber Technologies by 388.0% in the 4th quarter. Teacher Retirement System of Texas now owns 269,817 shares of the ride-sharing company’s stock worth $16,275,000 after purchasing an additional 214,525 shares during the last quarter. Sandy Spring Bank increased its stake in shares of Uber Technologies by 24.1% in the fourth quarter. Sandy Spring Bank now owns 39,617 shares of the ride-sharing company’s stock valued at $2,390,000 after purchasing an additional 7,702 shares during the period. Royal London Asset Management Ltd. raised its holdings in shares of Uber Technologies by 3.4% during the fourth quarter. Royal London Asset Management Ltd. now owns 874,823 shares of the ride-sharing company’s stock valued at $52,769,000 after buying an additional 29,038 shares during the last quarter. Finally, GM Advisory Group LLC boosted its position in shares of Uber Technologies by 11.1% during the fourth quarter. GM Advisory Group LLC now owns 106,009 shares of the ride-sharing company’s stock worth $6,394,000 after buying an additional 10,592 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Nikki Krishnamurthy sold 20,000 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the sale, the senior vice president now directly owns 361,908 shares in the company, valued at approximately $25,901,755.56. This represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the transaction, 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 74,404 shares of company stock worth $5,587,619. Insiders own 3.84% of the company’s stock.

Uber Technologies Trading Up 1.9 %

Shares of NYSE:UBER opened at $72.89 on Thursday. The firm has a fifty day moving average of $72.25 and a two-hundred day moving average of $71.56. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The firm has a market capitalization of $152.27 billion, a P/E ratio of 15.99, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. On average, equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Ratings Changes

UBER has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their target price on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Arete Research upgraded shares of Uber Technologies to a “hold” rating in a research note on Tuesday, February 18th. Evercore ISI reduced their price objective on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Needham & Company LLC reissued a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, February 5th. Finally, UBS Group restated a “buy” rating on shares of Uber Technologies in a research report on Friday, February 21st. Ten research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.31.

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.