Ethic Inc. Has $11.80 Million Stake in Uber Technologies, Inc. (NYSE:UBER)

Ethic Inc. raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 32.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 195,554 shares of the ride-sharing company's stock after buying an additional 47,512 shares during the quarter. Ethic Inc.'s holdings in Uber Technologies were worth $11,796,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fiduciary Trust Co grew its stake in Uber Technologies by 15.5% in the fourth quarter. Fiduciary Trust Co now owns 5,462 shares of the ride-sharing company's stock valued at $329,000 after acquiring an additional 732 shares during the period. Citizens Business Bank grew its position in shares of Uber Technologies by 94.2% in the 4th quarter. Citizens Business Bank now owns 147,762 shares of the ride-sharing company's stock valued at $8,913,000 after purchasing an additional 71,674 shares during the period. Clark Capital Management Group Inc. increased its stake in Uber Technologies by 11,354.8% during the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock worth $24,280,000 after purchasing an additional 399,008 shares in the last quarter. Coastal Bridge Advisors LLC raised its holdings in Uber Technologies by 5.8% during the 4th quarter. Coastal Bridge Advisors LLC now owns 5,459 shares of the ride-sharing company's stock worth $329,000 after buying an additional 300 shares during the period. Finally, Eagle Global Advisors LLC lifted its stake in Uber Technologies by 3.3% in the fourth quarter. Eagle Global Advisors LLC now owns 121,860 shares of the ride-sharing company's stock valued at $7,351,000 after buying an additional 3,930 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies Price Performance

UBER stock traded up $0.30 during midday trading on Friday, reaching $82.60. 19,093,139 shares of the stock were exchanged, compared to its average volume of 20,148,873. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The stock has a market capitalization of $172.73 billion, a PE ratio of 18.11, a P/E/G ratio of 0.89 and a beta of 1.43. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The company has a fifty day moving average price of $74.72 and a 200 day moving average price of $71.59.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.33. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The company had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the prior year, the firm posted ($0.32) earnings per share. The firm's revenue was up 13.8% compared to the same quarter last year. As a group, analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

UBER has been the topic of several research reports. Benchmark reaffirmed a "hold" rating on shares of Uber Technologies in a research report on Friday, January 31st. Citigroup increased their price objective on Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday. JMP Securities restated a "market perform" rating on shares of Uber Technologies in a research note on Thursday, February 6th. Piper Sandler reaffirmed an "overweight" rating and set a $87.00 price target (up from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Uber Technologies from $80.00 to $92.00 and gave the stock an "overweight" rating in a research report on Thursday. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $92.69.

Insider Activity

In other news, insider Jill Hazelbaker sold 31,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the transaction, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the sale, the chief financial officer now owns 21,063 shares of the company's stock, valued at approximately $1,790,355. This trade represents a 11.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 79,904 shares of company stock valued at $6,027,619. Insiders own 3.84% of the company's stock.

About Uber Technologies

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.