Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Amalgamated Bank

Amalgamated Bank grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 147.8% during the fourth quarter, Holdings Channel reports. The firm owned 505,737 shares of the ride-sharing company’s stock after purchasing an additional 301,662 shares during the period. Amalgamated Bank’s holdings in Uber Technologies were worth $31,138,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Drive Wealth Management LLC grew its stake in shares of Uber Technologies by 3.6% during the 4th quarter. Drive Wealth Management LLC now owns 4,691 shares of the ride-sharing company’s stock worth $289,000 after purchasing an additional 163 shares during the period. Blue Bell Private Wealth Management LLC boosted its stake in shares of Uber Technologies by 49.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after acquiring an additional 174 shares in the last quarter. Cigna Investments Inc. New grew its holdings in shares of Uber Technologies by 0.9% in the 4th quarter. Cigna Investments Inc. New now owns 20,743 shares of the ride-sharing company’s stock worth $1,277,000 after acquiring an additional 178 shares during the period. Procyon Advisors LLC increased its stake in Uber Technologies by 3.6% in the 4th quarter. Procyon Advisors LLC now owns 5,258 shares of the ride-sharing company’s stock valued at $324,000 after purchasing an additional 182 shares in the last quarter. Finally, Harbour Capital Advisors LLC raised its holdings in Uber Technologies by 2.1% during the fourth quarter. Harbour Capital Advisors LLC now owns 9,920 shares of the ride-sharing company’s stock worth $578,000 after purchasing an additional 200 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on UBER. Susquehanna increased their price objective on shares of Uber Technologies from $60.00 to $85.00 and gave the company a “positive” rating in a research note on Thursday, February 8th. Wells Fargo & Company lifted their price objective on Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. BMO Capital Markets raised their price target on Uber Technologies from $82.00 to $92.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Oppenheimer reaffirmed an “outperform” rating and set a $90.00 price objective on shares of Uber Technologies in a research note on Monday. Finally, Piper Sandler boosted their target price on shares of Uber Technologies from $78.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. Two investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $79.39.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total value of $1,556,600.00. Following the sale, the insider now owns 107,290 shares in the company, valued at $8,350,380.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was 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 owns 107,290 shares in the company, valued at approximately $8,350,380.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tony West sold 18,750 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the transaction, the insider now directly owns 185,566 shares in the company, valued at $13,004,465.28. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

Shares of NYSE:UBER traded up $0.78 during trading on Thursday, reaching $68.57. 18,140,354 shares of the company’s stock traded hands, compared to its average volume of 19,762,561. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19. The company has a 50 day moving average of $75.70 and a 200-day moving average of $64.93. Uber Technologies, Inc. has a 12 month low of $36.35 and a 12 month high of $82.14. The stock has a market capitalization of $142.72 billion, a P/E ratio of 79.53, a price-to-earnings-growth ratio of 1.04 and a beta of 1.39.

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