Hemenway Trust Co LLC increased its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 32.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 182,604 shares of the ride-sharing company's stock after purchasing an additional 44,686 shares during the period. Hemenway Trust Co LLC's holdings in Uber Technologies were worth $14,921,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the company. Boothe Investment Group Inc. boosted its stake in shares of Uber Technologies by 2.1% during the 4th quarter. Boothe Investment Group Inc. now owns 48,974 shares of the ride-sharing company's stock worth $4,002,000 after purchasing an additional 990 shares during the period. Falcon Wealth Planning boosted its stake in shares of Uber Technologies by 9.9% during the 4th quarter. Falcon Wealth Planning now owns 4,409 shares of the ride-sharing company's stock worth $360,000 after purchasing an additional 397 shares during the period. WT Wealth Management boosted its stake in shares of Uber Technologies by 10.6% during the 4th quarter. WT Wealth Management now owns 22,211 shares of the ride-sharing company's stock worth $1,815,000 after purchasing an additional 2,133 shares during the period. QRG Capital Management Inc. boosted its stake in shares of Uber Technologies by 2.2% during the 4th quarter. QRG Capital Management Inc. now owns 303,422 shares of the ride-sharing company's stock worth $24,793,000 after purchasing an additional 6,610 shares during the period. Finally, Ascent Wealth Partners LLC boosted its stake in shares of Uber Technologies by 1.7% during the 4th quarter. Ascent Wealth Partners LLC now owns 20,686 shares of the ride-sharing company's stock worth $1,690,000 after purchasing an additional 353 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.
Uber Technologies Trading Down 1.3%
NYSE:UBER opened at $72.94 on Wednesday. Uber Technologies, Inc. has a one year low of $68.46 and a one year high of $101.99. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market cap of $149.01 billion, a P/E ratio of 15.49, a P/E/G ratio of 6.77 and a beta of 1.16. The firm has a 50-day simple moving average of $73.89 and a 200-day simple moving average of $81.01.
Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The ride-sharing company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.08). Uber Technologies had a net margin of 19.33% and a return on equity of 43.63%. The business had revenue of $14.37 billion during the quarter, compared to the consensus estimate of $14.32 billion. During the same quarter in the prior year, the firm posted $3.21 EPS. The company's revenue for the quarter was up 20.1% compared to the same quarter last year. Equities analysts anticipate that Uber Technologies, Inc. will post 3.34 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus decreased their price objective on shares of Uber Technologies from $122.00 to $105.00 and set a "buy" rating for the company in a report on Tuesday, January 27th. Cantor Fitzgerald decreased their price objective on shares of Uber Technologies from $99.00 to $92.00 and set an "overweight" rating for the company in a report on Thursday, February 5th. UBS Group decreased their price objective on shares of Uber Technologies from $111.00 to $110.00 and set a "buy" rating for the company in a report on Friday. The Goldman Sachs Group set a $125.00 price objective on shares of Uber Technologies in a report on Wednesday, February 4th. Finally, TD Cowen reiterated a "buy" rating on shares of Uber Technologies in a report on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $105.11.
View Our Latest Analysis on UBER
Trending Headlines about Uber Technologies
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Insider Activity
In other Uber Technologies news, CFO Balaji (A) Krishnamurthy purchased 22,453 shares of Uber Technologies stock in a transaction dated Tuesday, February 24th. The stock was acquired at an average price of $71.25 per share, for a total transaction of $1,599,776.25. Following the acquisition, the chief financial officer owned 28,742 shares in the company, valued at $2,047,867.50. This trade represents a 357.02% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Nikki Krishnamurthy sold 30,000 shares of the business's stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $74.45, for a total transaction of $2,233,500.00. Following the completion of the sale, the senior vice president owned 460,756 shares of the company's stock, valued at approximately $34,303,284.20. This represents a 6.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 3.81% of the company's stock.
Uber Technologies Profile
(
Free Report)
Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.
Uber's principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.
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