Stonehage Fleming Financial Services Holdings Ltd Buys 16,795 Shares of Uber Technologies, Inc. (NYSE:UBER)

Stonehage Fleming Financial Services Holdings Ltd raised its stake in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) by 147.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,198 shares of the ride-sharing company’s stock after acquiring an additional 16,795 shares during the quarter. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Uber Technologies were worth $1,736,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UBER. CVA Family Office LLC bought a new position in shares of Uber Technologies in the fourth quarter valued at about $30,000. Highlander Capital Management LLC raised its holdings in shares of Uber Technologies by 100.0% in the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after buying an additional 250 shares during the last quarter. Bfsg LLC bought a new position in shares of Uber Technologies in the fourth quarter valued at about $31,000. Blue Bell Private Wealth Management LLC increased its position in Uber Technologies by 49.7% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 174 shares during the period. Finally, GW&K Investment Management LLC acquired a new stake in Uber Technologies in the fourth quarter worth about $33,000. 80.24% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $65.63, for a total value of $1,230,562.50. Following the transaction, the insider now owns 206,338 shares in the company, valued at $13,541,962.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $65.93, for a total value of $32,965,000.00. Following the transaction, the chief executive officer now owns 1,656,996 shares in the company, valued at $109,245,746.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $65.63, for a total value of $1,230,562.50. Following the completion of the transaction, the insider now owns 206,338 shares in the company, valued at approximately $13,541,962.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 607,984 shares of company stock worth $40,279,537. Company insiders own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on UBER. BTIG Research lifted their price objective on Uber Technologies from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Tigress Financial lifted their price objective on Uber Technologies from $72.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Wells Fargo & Company lowered their price objective on Uber Technologies from $95.00 to $89.00 and set an “overweight” rating for the company in a research report on Thursday, May 9th. BMO Capital Markets restated an “outperform” rating and set a $92.00 target price on shares of Uber Technologies in a research report on Wednesday, May 15th. Finally, Loop Capital decreased their target price on Uber Technologies from $88.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, May 16th. Two equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. According to MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and an average price target of $84.38.

Get Our Latest Analysis on Uber Technologies

Uber Technologies Stock Performance

UBER stock traded up $0.41 during trading hours on Friday, hitting $69.31. 13,932,603 shares of the stock were exchanged, compared to its average volume of 16,451,894. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $144.82 billion, a P/E ratio of 111.79, a P/E/G ratio of 1.51 and a beta of 1.37. The company has a 50-day simple moving average of $69.07 and a two-hundred day simple moving average of $68.37. Uber Technologies, Inc. has a 12 month low of $39.04 and a 12 month high of $82.14.

Uber Technologies (NYSE:UBERGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.53). Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The firm had revenue of $10.13 billion for the quarter, compared to the consensus estimate of $10.09 billion. During the same quarter in the previous year, the business earned ($0.08) EPS. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. On average, analysts forecast that Uber Technologies, Inc. will post 0.84 earnings per share for the current fiscal year.

Uber Technologies Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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