Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Titleist Asset Management LLC

Titleist Asset Management LLC lifted its position in Uber Technologies, Inc. (NYSE:UBER) by 151.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,604 shares of the ride-sharing company’s stock after purchasing an additional 13,612 shares during the quarter. Titleist Asset Management LLC’s holdings in Uber Technologies were worth $1,363,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Ilmarinen Mutual Pension Insurance Co boosted its holdings in shares of Uber Technologies by 97.1% in the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 345,000 shares of the ride-sharing company’s stock valued at $20,810,000 after acquiring an additional 170,000 shares during the period. Rahlfs Capital LLC purchased a new stake in Uber Technologies in the 4th quarter valued at $210,000. Hurley Capital LLC acquired a new stake in Uber Technologies during the 4th quarter worth $66,000. Wedbush Securities Inc. grew its position in Uber Technologies by 3.8% during the 4th quarter. Wedbush Securities Inc. now owns 39,799 shares of the ride-sharing company’s stock worth $2,401,000 after purchasing an additional 1,453 shares during the last quarter. Finally, Perennial Investment Advisors LLC increased its stake in Uber Technologies by 3.3% in the fourth quarter. Perennial Investment Advisors LLC now owns 6,611 shares of the ride-sharing company’s stock valued at $399,000 after purchasing an additional 212 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. DA Davidson lowered their price target on Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $80.00 target price on shares of Uber Technologies in a research note on Thursday, February 6th. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. Piper Sandler reissued an “overweight” rating and issued a $87.00 price objective (up from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $90.41.

Uber Technologies Stock Down 7.7 %

UBER opened at $64.50 on Friday. The firm has a market cap of $134.92 billion, a P/E ratio of 14.14, a PEG ratio of 0.89 and a beta of 1.37. The business’s fifty day simple moving average is $73.75 and its 200 day simple moving average is $71.75. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week 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.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) 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%. As a group, equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the sale, the chief financial officer now owns 22,162 shares in the company, valued at $1,662,150. The trade was a 11.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Tony West sold 23,404 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the transaction, the insider now owns 114,241 shares in the company, valued at approximately $8,027,715.07. The trade was a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 77,154 shares of company stock valued at $5,793,869. Company insiders own 3.84% of the company’s stock.

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.