BTC Capital Management Inc. Has $597,000 Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

BTC Capital Management Inc. increased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,903 shares of the ride-sharing company’s stock after purchasing an additional 193 shares during the quarter. BTC Capital Management Inc.’s holdings in Uber Technologies were worth $597,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Ascent Wealth Partners LLC acquired a new stake in shares of Uber Technologies in the third quarter valued at $2,087,000. Teachers Retirement System of The State of Kentucky grew its holdings in Uber Technologies by 4.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock worth $24,180,000 after acquiring an additional 13,433 shares during the last quarter. Aviso Wealth Management acquired a new stake in Uber Technologies in the 3rd quarter valued at about $2,302,000. Polianta Ltd bought a new position in shares of Uber Technologies in the fourth quarter worth about $1,206,000. Finally, Brophy Wealth Management LLC acquired a new position in shares of Uber Technologies during the third quarter worth approximately $1,041,000. 80.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

UBER has been the subject of a number of research reports. JMP Securities reissued a “market perform” rating on shares of Uber Technologies in a report on Friday. Loop Capital lifted their target price on Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Wells Fargo & Company cut their price target on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. KeyCorp lowered their price objective on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Finally, 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 research report on Monday, November 25th. Seven equities research 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.08.

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 value of $2,025,162.00. Following the completion of the transaction, the insider now owns 107,289 shares in the company, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Stock Performance

UBER opened at $66.86 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market capitalization of $140.79 billion, a price-to-earnings ratio of 33.26, a P/E/G ratio of 0.77 and a beta of 1.36. The business’s 50-day moving average price is $65.71 and its two-hundred day moving average price is $70.14. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00.

Uber Technologies (NYSE:UBER) last released 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 firm had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 EPS. Equities analysts expect that Uber Technologies, Inc. will post 1.85 EPS for the current fiscal year.

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.