Choreo LLC Increases Holdings in Uber Technologies, Inc. (NYSE:UBER)

Choreo LLC increased its position in Uber Technologies, Inc. (NYSE:UBER) by 57.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,360 shares of the ride-sharing company’s stock after purchasing an additional 5,599 shares during the quarter. Choreo LLC’s holdings in Uber Technologies were worth $946,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UBER. Vanguard Group Inc. lifted its holdings 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 buying an additional 2,067,098 shares during the last quarter. Brown Advisory Inc. boosted its stake in Uber Technologies by 1,108.6% during the third quarter. Brown Advisory Inc. now owns 15,683,867 shares of the ride-sharing company’s stock valued at $721,301,000 after buying an additional 14,386,205 shares in the last quarter. Northern Trust Corp grew its stake in shares of Uber Technologies by 2.9% in the 3rd 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 during the last quarter. Winslow Capital Management LLC grew its position in Uber Technologies by 33.6% in the third quarter. Winslow Capital Management LLC now owns 9,062,836 shares of the ride-sharing company’s stock worth $416,800,000 after buying an additional 2,278,252 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Uber Technologies during the third quarter worth $272,625,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Up 2.3 %

NYSE:UBER opened at $67.79 on Thursday. The company has a market cap of $141.10 billion, a price-to-earnings ratio of 78.83, a P/E/G ratio of 1.04 and a beta of 1.39. Uber Technologies, Inc. has a 52-week low of $34.23 and a 52-week high of $82.14. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. The stock’s fifty day moving average price is $75.70 and its two-hundred day moving average price is $64.93.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results 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. The business had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.76 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. Uber Technologies’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 earnings per share. On average, analysts anticipate that Uber Technologies, Inc. will post 1.23 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on UBER shares. Jefferies Financial Group lifted their price objective on shares of Uber Technologies from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Oppenheimer restated an “outperform” rating and set a $90.00 price target on shares of Uber Technologies in a research note on Monday. The Goldman Sachs Group raised their price objective on Uber Technologies from $59.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Needham & Company LLC reissued a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a research report on Friday, April 5th. Finally, Argus upped their price target on Uber Technologies from $69.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, March 4th. 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 company presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.39.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction 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 directly owns 107,290 shares in the company, valued at $8,350,380.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Tony West sold 18,750 shares of Uber Technologies 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 approximately $13,004,465.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 sale, the insider now directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. 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.