Carnegie Investment Counsel Increases Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Carnegie Investment Counsel increased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 1,955.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 202,996 shares of the ride-sharing company’s stock after buying an additional 193,118 shares during the period. Carnegie Investment Counsel’s holdings in Uber Technologies were worth $12,245,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Beech Hill Advisors Inc. raised its position in Uber Technologies by 1.5% during the fourth quarter. Beech Hill Advisors Inc. now owns 107,750 shares of the ride-sharing company’s stock worth $6,499,000 after acquiring an additional 1,626 shares during the last quarter. Sanders Morris Harris LLC purchased a new position in shares of Uber Technologies during the 4th quarter worth approximately $1,437,000. Mirador Capital Partners LP increased its stake in shares of Uber Technologies by 40.4% during the 4th quarter. Mirador Capital Partners LP now owns 85,214 shares of the ride-sharing company’s stock worth $5,140,000 after purchasing an additional 24,520 shares in the last quarter. StrongBox Wealth LLC raised its position in shares of Uber Technologies by 50.2% during the 4th quarter. StrongBox Wealth LLC now owns 4,809 shares of the ride-sharing company’s stock worth $290,000 after purchasing an additional 1,608 shares during the last quarter. Finally, Smith Thornton Advisors LLC purchased a new stake in Uber Technologies in the 4th quarter valued at approximately $355,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the sale, the insider now directly owns 107,289 shares in the company, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.80% of the company’s stock.

Uber Technologies Stock Up 2.3 %

Shares of NYSE UBER opened at $68.58 on Friday. The stock has a fifty day moving average price of $66.34 and a 200 day moving average price of $70.39. The company has a market cap of $144.41 billion, a P/E ratio of 34.12, a P/E/G ratio of 0.71 and a beta of 1.36. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last announced its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.41 by $0.79. The business had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company’s revenue was up 20.4% on a year-over-year basis. During the same period last year, the business posted $0.10 EPS. Research analysts anticipate that Uber Technologies, Inc. will post 1.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on UBER. JMP Securities cut Uber Technologies from an “outperform” rating to a “market perform” rating and set a $95.00 price target for the company. in a report on Thursday, January 2nd. Gordon Haskett upgraded Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Thursday, October 31st. Tigress Financial upped their target price on shares of Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a report on Monday, November 25th. BMO Capital Markets reiterated an “outperform” rating and set a $92.00 price target on shares of Uber Technologies in a report on Friday, October 11th. Finally, Jefferies Financial Group boosted their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Seven analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.53.

Uber Technologies 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.