Baldwin Investment Management LLC Invests $974,000 in Uber Technologies, Inc. (NYSE:UBER)

Baldwin Investment Management LLC bought a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 12,962 shares of the ride-sharing company’s stock, valued at approximately $974,000.

Several other hedge funds also recently bought and sold shares of the company. Lazard Freres Gestion S.A.S. bought a new position in Uber Technologies in the 3rd quarter worth approximately $4,058,000. Quantbot Technologies LP lifted its holdings in shares of Uber Technologies by 503.8% in the third quarter. Quantbot Technologies LP now owns 62,236 shares of the ride-sharing company’s stock worth $4,678,000 after buying an additional 51,929 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Uber Technologies by 0.9% during the third quarter. The Manufacturers Life Insurance Company now owns 1,306,068 shares of the ride-sharing company’s stock worth $98,168,000 after acquiring an additional 11,190 shares during the last quarter. Qsemble Capital Management LP purchased a new position in Uber Technologies during the third quarter valued at $749,000. Finally, Brown Brothers Harriman & Co. increased its holdings in Uber Technologies by 178.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,613 shares of the ride-sharing company’s stock valued at $272,000 after acquiring an additional 2,314 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

UBER stock opened at $71.56 on Wednesday. The firm has a 50-day simple moving average of $75.49 and a two-hundred day simple moving average of $71.20. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The firm has a market cap of $150.68 billion, a price-to-earnings ratio of 35.60, a PEG ratio of 0.91 and a beta of 1.34.

Uber Technologies (NYSE:UBER) last announced its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The company had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same period last year, the firm earned $0.10 earnings per share. Uber Technologies’s revenue was up 20.4% compared to the same quarter last year. On average, equities analysts forecast that Uber Technologies, Inc. will post 1.89 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the sale, the insider now directly owns 127,352 shares in the company, valued at $9,169,344. This trade represents a 23.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.80% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on UBER shares. Wells Fargo & Company dropped their price objective on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a report on Thursday, October 31st. Bank of America lifted their price objective on Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Jefferies Financial Group increased their target price on Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, Loop Capital boosted their price target on shares of Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Six research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $90.51.

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.