Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 41.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 442,544 shares of the ride-sharing company's stock after purchasing an additional 128,758 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Uber Technologies were worth $26,694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. PharVision Advisers LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at $223,000. Vanguard Capital Wealth Advisors acquired a new position in shares of Uber Technologies during the fourth quarter worth about $440,000. Vance Wealth LLC grew its holdings in Uber Technologies by 29.2% during the 4th quarter. Vance Wealth LLC now owns 10,483 shares of the ride-sharing company's stock worth $632,000 after acquiring an additional 2,370 shares in the last quarter. Waverly Advisors LLC grew its stake in shares of Uber Technologies by 110.8% during the fourth quarter. Waverly Advisors LLC now owns 22,851 shares of the ride-sharing company's stock worth $1,378,000 after purchasing an additional 12,013 shares in the last quarter. Finally, Williams Jones Wealth Management LLC. purchased a new position in shares of Uber Technologies in the 4th quarter valued at about $27,416,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Analysts Set New Price Targets

UBER has been the topic of a number of research analyst reports. Raymond James raised their price objective on shares of Uber Technologies from $95.00 to $100.00 and gave the stock a "strong-buy" rating in a report on Thursday, May 8th. DA Davidson upped their price objective on shares of Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Truist Financial raised their price objective on Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. JPMorgan Chase & Co. boosted their target price on Uber Technologies from $92.00 to $105.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $93.91.

Uber Technologies Price Performance

Shares of NYSE UBER traded down $0.18 during trading on Friday, hitting $87.82. 17,915,084 shares of the company were exchanged, compared to its average volume of 20,401,055. 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 firm's fifty day moving average price is $77.85 and its 200 day moving average price is $72.43. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $93.60. The company has a market cap of $183.64 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 0.89 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping 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 business had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the previous year, the company earned ($0.32) EPS. The company's quarterly revenue was up 13.8% on a year-over-year basis. On average, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the transaction, the insider now directly owns 102,135 shares in the company, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tony West sold 23,404 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the transaction, the insider now directly owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. This represents a 17.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 83,788 shares of company stock worth $6,517,070 over the last 90 days. 3.84% of the stock is currently owned by corporate 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.