Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 121.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,395 shares of the ride-sharing company’s stock after buying an additional 12,283 shares during the quarter. Edgestream Partners L.P.’s holdings in Uber Technologies were worth $1,351,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Uber Technologies by 4.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock valued at $24,180,000 after buying an additional 13,433 shares in the last quarter. Aviso Wealth Management purchased a new position in shares of Uber Technologies during the third quarter valued at $2,302,000. Polianta Ltd purchased a new position in shares of Uber Technologies during the fourth quarter valued at $1,206,000. Allworth Financial LP grew its holdings in shares of Uber Technologies by 8.9% during the fourth quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock valued at $1,229,000 after buying an additional 1,663 shares in the last quarter. Finally, Brophy Wealth Management LLC purchased a new position in shares of Uber Technologies during the third quarter valued at $1,041,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Activity

In other news, insider Jill Hazelbaker sold 31,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the sale, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group reiterated a “buy” rating and set a $96.00 price target on shares of Uber Technologies in a report on Thursday, January 2nd. Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, February 5th. Benchmark reissued a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. Cantor Fitzgerald reissued an “overweight” rating and set a $80.00 price objective on shares of Uber Technologies in a research report on Thursday, February 6th. Finally, Piper Sandler reissued an “overweight” rating and set a $87.00 price objective (up previously from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $90.71.

Uber Technologies Trading Down 4.3 %

Shares of UBER opened at $73.00 on Tuesday. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $152.51 billion, a price-to-earnings ratio of 16.01, a P/E/G ratio of 0.89 and a beta of 1.39. The stock’s 50-day moving average price is $71.16 and its 200 day moving average price is $71.61.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating the consensus estimate 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 2.54 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.