Bristlecone Advisors LLC Raises Holdings in Uber Technologies, Inc. (NYSE:UBER)

Bristlecone Advisors LLC grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 1.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 66,062 shares of the ride-sharing company’s stock after buying an additional 1,013 shares during the quarter. Bristlecone Advisors LLC’s holdings in Uber Technologies were worth $3,985,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. GHP Investment Advisors Inc. increased its position 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 valued at $29,000 after acquiring an additional 223 shares during the last quarter. Kieckhefer Group LLC bought a new stake in shares of Uber Technologies during the 4th quarter valued at about $33,000. Retirement Wealth Solutions LLC bought a new position in shares of Uber Technologies in the 4th quarter worth approximately $35,000. Financial Management Professionals Inc. boosted its holdings in shares of Uber Technologies by 104.1% in the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock worth $37,000 after buying an additional 252 shares during the last quarter. Finally, Transcendent Capital Group LLC grew its position in Uber Technologies by 3,928.6% during the third quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock valued at $42,000 after buying an additional 550 shares during the period. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Up 6.8 %

Shares of Uber Technologies stock opened at $74.76 on Monday. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The firm’s 50 day simple moving average is $65.34 and its two-hundred day simple moving average is $70.14. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $157.43 billion, a price-to-earnings ratio of 16.40, a PEG 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 earnings per share for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Analysts predict that Uber Technologies, Inc. will post 2.4 EPS for the current year.

Analyst Ratings Changes

UBER has been the topic of several analyst reports. Daiwa Capital Markets cut shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price target on the stock. in a research note on Thursday, October 17th. JPMorgan Chase & Co. lowered their target price on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday. Wolfe Research upped their price target on Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Evercore ISI lowered their price objective on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Daiwa America lowered shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Seven investment analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $90.70.

Insider Activity at Uber Technologies

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

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.