Cibc World Market Inc. Boosts Stake in Uber Technologies, Inc. (NYSE:UBER)

Cibc World Market Inc. increased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 49.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 694,081 shares of the ride-sharing company’s stock after acquiring an additional 229,083 shares during the quarter. Cibc World Market Inc.’s holdings in Uber Technologies were worth $41,867,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Cyr Financial Inc. raised its position in Uber Technologies by 21.7% in the 4th quarter. Cyr Financial Inc. now owns 12,891 shares of the ride-sharing company’s stock worth $778,000 after purchasing an additional 2,298 shares during the period. Crews Bank & Trust purchased a new position in Uber Technologies in the 4th quarter worth $42,000. Capital Investment Advisory Services LLC raised its position in Uber Technologies by 86.3% in the 4th quarter. Capital Investment Advisory Services LLC now owns 6,179 shares of the ride-sharing company’s stock worth $373,000 after purchasing an additional 2,863 shares during the period. Lewis Asset Management LLC increased its position in shares of Uber Technologies by 75.4% in the fourth quarter. Lewis Asset Management LLC now owns 22,398 shares of the ride-sharing company’s stock valued at $1,351,000 after acquiring an additional 9,628 shares during the period. Finally, OLD National Bancorp IN increased its position in shares of Uber Technologies by 44.3% in the fourth quarter. OLD National Bancorp IN now owns 16,030 shares of the ride-sharing company’s stock valued at $967,000 after acquiring an additional 4,919 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Down 0.2 %

Shares of Uber Technologies stock opened at $66.59 on Friday. The company has a market cap of $140.21 billion, a price-to-earnings ratio of 33.13, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. The company’s 50 day moving average is $65.77 and its 200 day moving average is $70.17. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. The company had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 earnings per share. Research analysts anticipate that Uber Technologies, Inc. will post 1.85 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on UBER shares. Citizens Jmp cut shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. KeyCorp decreased their price objective on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. BMO Capital Markets restated an “outperform” rating and issued a $92.00 price objective on shares of Uber Technologies in a research report on Friday, October 11th. Tigress Financial boosted their price objective on shares of Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, Evercore ISI boosted their price objective on shares of Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Seven investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $91.08.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction that occurred 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 directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.84% of the stock is owned by insiders.

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.