Twin Capital Management Inc. Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

Twin Capital Management Inc. acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 27,050 shares of the ride-sharing company's stock, valued at approximately $1,665,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Uber Technologies by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 124,353,537 shares of the ride-sharing company's stock worth $5,719,019,000 after purchasing an additional 2,067,098 shares during the last quarter. Altimeter Capital Management LP lifted its stake in shares of Uber Technologies by 167.5% during the 1st quarter. Altimeter Capital Management LP now owns 30,760,000 shares of the ride-sharing company's stock worth $1,193,422,000 after purchasing an additional 19,260,000 shares during the last quarter. Norges Bank purchased a new stake in shares of Uber Technologies during the 4th quarter worth $580,568,000. Capital World Investors raised its stake in Uber Technologies by 18.5% in the first quarter. Capital World Investors now owns 22,070,619 shares of the ride-sharing company's stock valued at $787,480,000 after buying an additional 3,443,554 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Uber Technologies by 3.1% in the first quarter. Geode Capital Management LLC now owns 20,585,066 shares of the ride-sharing company's stock valued at $651,575,000 after buying an additional 615,942 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Jill Hazelbaker sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the transaction, the insider now owns 107,290 shares in the company, valued at $8,350,380.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction that occurred 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 owns 185,566 shares in the company, valued at $13,004,465.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the transaction, the insider now owns 107,290 shares in the company, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. Company insiders own 3.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Susquehanna increased their price target on Uber Technologies from $60.00 to $85.00 and gave the company a "positive" rating in a research note on Thursday, February 8th. Royal Bank of Canada reiterated an "outperform" rating and issued a $85.00 price target on shares of Uber Technologies in a research note on Thursday, February 15th. TheStreet upgraded Uber Technologies from a "c" rating to a "b-" rating in a research note on Wednesday, February 7th. JMP Securities reiterated a "market outperform" rating and issued a $85.00 price target on shares of Uber Technologies in a research note on Thursday, March 28th. Finally, Wells Fargo & Company increased their price target on Uber Technologies from $90.00 to $95.00 and gave the company an "overweight" rating in a research note on Monday, April 8th. Two analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $78.94.

Uber Technologies Stock Performance

Uber Technologies stock traded down $2.08 during midday trading on Friday, hitting $69.22. 23,174,722 shares of the company were exchanged, compared to its average volume of 19,588,287. The firm has a market capitalization of $144.07 billion, a PE ratio of 80.49, a price-to-earnings-growth ratio of 1.14 and a beta of 1.36. Uber Technologies, Inc. has a fifty-two week low of $29.22 and a fifty-two week high of $82.14. The business has a fifty day simple moving average of $76.89 and a two-hundred day simple moving average of $63.50. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.16 by $0.50. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The company had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.76 billion. During the same period last year, the company earned $0.29 earnings per share. Uber Technologies's quarterly revenue was up 15.4% compared to the same quarter last year. On average, sell-side analysts forecast that Uber Technologies, Inc. will post 1.22 earnings per share for the current year.

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.