Everence Capital Management Inc. Acquires New Stake in Uber Technologies, Inc. (NYSE:UBER)

Everence Capital Management Inc. acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 51,370 shares of the ride-sharing company's stock, valued at approximately $3,163,000.

Several other large investors have also made changes to their positions in the business. Norges Bank acquired a new position in shares of Uber Technologies in the 4th quarter valued at $580,568,000. Altimeter Capital Management LP raised its position in shares of Uber Technologies by 167.5% in the first quarter. Altimeter Capital Management LP now owns 30,760,000 shares of the ride-sharing company's stock worth $1,193,422,000 after acquiring an additional 19,260,000 shares during the period. Brown Advisory Inc. boosted its stake in shares of Uber Technologies by 1,108.6% during the 3rd quarter. Brown Advisory Inc. now owns 15,683,867 shares of the ride-sharing company's stock worth $721,301,000 after acquiring an additional 14,386,205 shares in the last quarter. Davidson Kempner Capital Management LP boosted its stake in shares of Uber Technologies by 104.0% during the 1st quarter. Davidson Kempner Capital Management LP now owns 500,000 shares of the ride-sharing company's stock worth $15,850,000 after acquiring an additional 13,000,000 shares in the last quarter. Finally, Steadfast Capital Management LP purchased a new position in shares of Uber Technologies in the 4th quarter valued at about $178,126,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UBER has been the topic of a number of recent analyst reports. Moffett Nathanson reiterated a "buy" rating and set a $92.00 price target on shares of Uber Technologies in a research report on Thursday, April 11th. Truist Financial lifted their price target on shares of Uber Technologies from $90.00 to $94.00 and gave the company a "buy" rating in a research note on Wednesday, March 27th. TheStreet upgraded shares of Uber Technologies from a "c" rating to a "b-" rating in a research report on Wednesday, February 7th. JMP Securities reiterated a "market outperform" rating and issued a $85.00 target price on shares of Uber Technologies in a research report on Thursday, March 28th. Finally, Roth Mkm boosted their target price on shares of Uber Technologies from $72.00 to $79.00 and gave the stock a "buy" rating in a research note on Thursday, February 8th. Two research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $78.21.

Uber Technologies Trading Up 1.0 %

UBER stock traded up $0.73 during midday trading on Tuesday, hitting $74.13. 14,490,016 shares of the company's stock were exchanged, compared to its average volume of 19,585,445. Uber Technologies, Inc. has a 1-year low of $29.22 and a 1-year high of $82.14. The business has a 50-day simple moving average of $76.91 and a two-hundred day simple moving average of $63.22. The stock has a market capitalization of $154.29 billion, a PE ratio of 86.20, a P/E/G ratio of 1.21 and a beta of 1.36. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.50. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The firm had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.76 billion. During the same period last year, the company earned $0.29 EPS. The company's quarterly revenue was up 15.4% on a year-over-year basis. On average, sell-side analysts predict that Uber Technologies, Inc. will post 1.2 EPS for the current fiscal year.

Insider Activity

In other Uber Technologies news, insider Tony West sold 18,750 shares of the company's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the transaction, the insider now directly owns 185,566 shares in the company, valued at $13,004,465.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Uber Technologies news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the transaction, the insider now directly owns 185,566 shares of the company's stock, valued at approximately $13,004,465.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the sale, the insider now directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. Insiders own 3.80% of the company's stock.

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.