Uber Technologies, Inc. (NYSE:UBER) Stake Boosted by Cerity Partners LLC

Cerity Partners LLC grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 61.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 188,435 shares of the ride-sharing company’s stock after purchasing an additional 72,075 shares during the quarter. Cerity Partners LLC’s holdings in Uber Technologies were worth $11,601,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in UBER. Norges Bank bought a new stake in Uber Technologies during the 4th quarter valued at $580,568,000. Altimeter Capital Management LP increased its holdings in shares of Uber Technologies by 167.5% during the first quarter. Altimeter Capital Management LP now owns 30,760,000 shares of the ride-sharing company’s stock valued at $1,193,422,000 after purchasing an additional 19,260,000 shares during the period. Brown Advisory Inc. raised its stake in shares of Uber Technologies by 1,108.6% during the third quarter. Brown Advisory Inc. now owns 15,683,867 shares of the ride-sharing company’s stock valued at $721,301,000 after purchasing an additional 14,386,205 shares in the last quarter. Davidson Kempner Capital Management LP grew its position in Uber Technologies by 104.0% in the 1st quarter. Davidson Kempner Capital Management LP now owns 500,000 shares of the ride-sharing company’s stock valued at $15,850,000 after buying an additional 13,000,000 shares in the last quarter. Finally, Steadfast Capital Management LP bought a new position in Uber Technologies in the 4th quarter valued at about $178,126,000. 80.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

UBER has been the subject of a number of research analyst reports. Nomura lowered shares of Uber Technologies from a “buy” rating to a “neutral” rating and upped their price target for the stock from $59.00 to $62.00 in a research note on Friday, December 29th. Roth Mkm boosted their target price on Uber Technologies from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. The Goldman Sachs Group boosted their target price on Uber Technologies from $59.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Jefferies Financial Group boosted their target price on Uber Technologies from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Finally, Truist Financial boosted their target price on Uber Technologies from $90.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. 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.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $78.21.

Uber Technologies Trading Down 1.2 %

Uber Technologies stock opened at $75.28 on Monday. The company’s fifty day simple moving average is $76.74 and its 200-day simple moving average is $62.83. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. Uber Technologies, Inc. has a 12 month low of $29.22 and a 12 month high of $82.14. The stock has a market cap of $156.69 billion, a P/E ratio of 87.53, a P/E/G ratio of 1.21 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.16 by $0.50. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The business had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.76 billion. During the same period in the previous year, the company posted $0.29 EPS. Uber Technologies’s revenue was up 15.4% on a year-over-year basis. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 1.2 EPS for the current fiscal year.

Insider Activity

In related news, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction on Wednesday, February 14th. The shares were 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 of the company’s stock, valued at approximately $8,350,380.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction on Wednesday, February 14th. The shares were 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 of the company’s stock, valued at approximately $8,350,380.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction on Monday, February 12th. The shares were 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 approximately $13,004,465.28. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by corporate insiders.

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.