Carnegie Investment Counsel Acquires 138,647 Shares of Uber Technologies, Inc. (NYSE:UBER)

Carnegie Investment Counsel increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 68.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 341,643 shares of the ride-sharing company's stock after purchasing an additional 138,647 shares during the quarter. Carnegie Investment Counsel's holdings in Uber Technologies were worth $24,892,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Research Global Investors grew its position in Uber Technologies by 79.0% in the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after acquiring an additional 52,125,476 shares in the last quarter. Norges Bank bought a new position in shares of Uber Technologies during the 4th quarter valued at $1,467,754,000. Toyota Motor Corp acquired a new stake in shares of Uber Technologies in the 4th quarter valued at $309,192,000. Jericho Capital Asset Management L.P. bought a new stake in Uber Technologies in the fourth quarter worth $298,644,000. Finally, Capital World Investors boosted its holdings in Uber Technologies by 10.1% in the fourth quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock worth $1,831,021,000 after purchasing an additional 2,792,039 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Price Performance

Shares of UBER stock traded up $0.44 during trading hours on Friday, hitting $91.31. The company had a trading volume of 13,845,668 shares, compared to its average volume of 16,021,651. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $97.71. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. The firm's fifty day moving average is $89.30 and its 200 day moving average is $79.34. The firm has a market capitalization of $190.94 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 1.05 and a beta of 1.40.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.33. The business had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The firm's quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.32) EPS. On average, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wall Street Zen upgraded Uber Technologies from a "hold" rating to a "buy" rating in a report on Friday, July 18th. JPMorgan Chase & Co. raised their price objective on Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Stifel Nicolaus started coverage on Uber Technologies in a research report on Wednesday, June 11th. They set a "buy" rating and a $110.00 target price for the company. Needham & Company LLC lifted their price target on shares of Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $106.00 price objective (up from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. Ten research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $100.26.

Insiders Place Their Bets

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the transaction, the chief financial officer owned 21,975 shares of the company's stock, valued at approximately $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the sale, the insider directly owned 102,135 shares in the company, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,384 shares of company stock valued at $3,496,071 over the last ninety days. 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.