Savant Capital LLC Raises Stake in Uber Technologies, Inc. (NYSE:UBER)

Savant Capital LLC increased its position in Uber Technologies, Inc. (NYSE:UBER) by 6,074.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 685,679 shares of the ride-sharing company’s stock after buying an additional 674,574 shares during the period. Savant Capital LLC’s holdings in Uber Technologies were worth $41,360,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. GHP Investment Advisors Inc. raised its stake in Uber Technologies by 85.1% during the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 223 shares during the period. Financial Management Professionals Inc. lifted its holdings in shares of Uber Technologies by 104.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after acquiring an additional 252 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new stake in Uber Technologies during the 4th quarter worth $35,000. Kieckhefer Group LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at about $33,000. Finally, Transcendent Capital Group LLC grew its position in Uber Technologies by 3,928.6% in the third quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock valued at $42,000 after acquiring an additional 550 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on UBER. UBS Group decreased their price objective on shares of Uber Technologies from $114.00 to $107.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Piper Sandler dropped their price objective on Uber Technologies from $82.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday. The Goldman Sachs Group reiterated a “buy” rating and set a $96.00 target price on shares of Uber Technologies in a research note on Thursday, January 2nd. Needham & Company LLC restated a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, February 5th. Finally, Daiwa Capital Markets downgraded shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective on the stock. in a research note on Thursday, October 17th. Seven research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.70.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the transaction, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.84% of the stock is owned by insiders.

Uber Technologies Stock Up 6.8 %

UBER opened at $74.76 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The stock’s 50 day moving average price is $65.34 and its 200 day moving average price is $70.14. The stock has a market cap of $157.43 billion, a P/E ratio of 16.40, a P/E/G ratio of 0.81 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. As a group, research analysts predict that Uber Technologies, Inc. will post 2.4 earnings per share for the current year.

Uber Technologies Company 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.