Berbice Capital Management LLC Takes $199,000 Position in Uber Technologies, Inc. (NYSE:UBER)

Berbice Capital Management LLC purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,306 shares of the ride-sharing company’s stock, valued at approximately $199,000.

Several other institutional investors have also recently made changes to their positions in the company. Caxton Associates LP grew its stake in Uber Technologies by 65.8% in the second quarter. Caxton Associates LP now owns 22,355 shares of the ride-sharing company’s stock valued at $1,625,000 after purchasing an additional 8,872 shares during the last quarter. Armistice Capital LLC boosted its holdings in Uber Technologies by 37.0% in the second quarter. Armistice Capital LLC now owns 264,894 shares of the ride-sharing company’s stock worth $19,252,000 after acquiring an additional 71,598 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Uber Technologies by 36.5% in the second quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company’s stock worth $864,390,000 after acquiring an additional 3,179,308 shares in the last quarter. Eminence Capital LP boosted its holdings in Uber Technologies by 73.9% in the second quarter. Eminence Capital LP now owns 2,034,475 shares of the ride-sharing company’s stock worth $147,866,000 after acquiring an additional 864,779 shares in the last quarter. Finally, Disciplined Equity Management Inc. boosted its holdings in Uber Technologies by 9.4% in the second quarter. Disciplined Equity Management Inc. now owns 11,500 shares of the ride-sharing company’s stock worth $836,000 after acquiring an additional 990 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Activity

In other news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the transaction, the insider now owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on UBER. Daiwa Capital Markets downgraded Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price for the company. in a report on Thursday, October 17th. Citizens Jmp downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. KeyCorp decreased their target price on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, November 1st. BMO Capital Markets reiterated an “outperform” rating and set a $92.00 price target on shares of Uber Technologies in a research report on Friday, October 11th. Finally, Tigress Financial lifted their price target on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Seven research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.53.

Uber Technologies Stock Up 0.3 %

UBER stock opened at $68.49 on Friday. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The company’s 50 day simple moving average is $66.02 and its 200-day simple moving average is $70.29. The firm has a market capitalization of $144.22 billion, a PE ratio of 34.15, a P/E/G ratio of 0.77 and a beta of 1.36. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER) last announced its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. The firm had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. Uber Technologies’s revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.10 earnings per share. Equities analysts expect that Uber Technologies, Inc. will post 1.86 earnings per share for the current fiscal year.

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.