Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Welch & Forbes LLC

Welch & Forbes LLC increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 6.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,788 shares of the ride-sharing company’s stock after purchasing an additional 500 shares during the quarter. Welch & Forbes LLC’s holdings in Uber Technologies were worth $480,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its position in 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 in the last quarter. Northern Trust Corp lifted its position in shares of Uber Technologies by 2.9% during the third quarter. Northern Trust Corp now owns 12,356,034 shares of the ride-sharing company’s stock worth $568,254,000 after purchasing an additional 351,575 shares in the last quarter. Winslow Capital Management LLC grew its holdings in Uber Technologies by 33.6% during the 3rd quarter. Winslow Capital Management LLC now owns 9,062,836 shares of the ride-sharing company’s stock valued at $416,800,000 after purchasing an additional 2,278,252 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in Uber Technologies in the 3rd quarter valued at about $272,625,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Uber Technologies by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,853,970 shares of the ride-sharing company’s stock worth $269,224,000 after acquiring an additional 84,744 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the transaction, the insider now directly owns 107,290 shares in the company, valued at $8,350,380.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction dated 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 sale, the insider now directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Tony West sold 18,750 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the sale, the insider now owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Piper Sandler lifted their price target on Uber Technologies from $78.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. Oppenheimer reaffirmed an “outperform” rating and set a $90.00 price target on shares of Uber Technologies in a report on Monday, April 29th. Bank of America boosted their price target on Uber Technologies from $68.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Roth Mkm lifted their price objective on shares of Uber Technologies from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Finally, Susquehanna increased their target price on shares of Uber Technologies from $60.00 to $85.00 and gave the company a “positive” rating in a research report on Thursday, February 8th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $81.65.

Uber Technologies Stock Performance

UBER traded down $6.12 during mid-day trading on Wednesday, reaching $64.31. 38,065,695 shares of the company traded hands, compared to its average volume of 20,009,402. Uber Technologies, Inc. has a 52-week low of $37.07 and a 52-week high of $82.14. The stock has a market capitalization of $133.85 billion, a P/E ratio of 75.63, a P/E/G ratio of 1.09 and a beta of 1.39. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. The company’s fifty day moving average price is $75.03 and its 200-day moving average price is $65.83.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.50. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The firm had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.76 billion. During the same quarter in the prior year, the company posted $0.29 earnings per share. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. On average, sell-side analysts expect that Uber Technologies, Inc. will post 1.23 EPS 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.