27,050 Shares in Uber Technologies, Inc. (NYSE:UBER) Acquired by Twin Capital Management Inc.

Twin Capital Management Inc. acquired a new position in Uber Technologies, Inc. (NYSE:UBER) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,050 shares of the ride-sharing company’s stock, valued at approximately $1,665,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Uber Technologies by 1.7% during the third 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 during the period. Altimeter Capital Management LP boosted its position in Uber Technologies by 167.5% during the first quarter. Altimeter Capital Management LP now owns 30,760,000 shares of the ride-sharing company’s stock worth $1,193,422,000 after purchasing an additional 19,260,000 shares during the period. Norges Bank bought a new stake in Uber Technologies during the fourth quarter worth approximately $580,568,000. Capital World Investors boosted its position in shares of Uber Technologies by 18.5% in the first quarter. Capital World Investors now owns 22,070,619 shares of the ride-sharing company’s stock valued at $787,480,000 after acquiring an additional 3,443,554 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Uber Technologies by 3.1% in the first quarter. Geode Capital Management LLC now owns 20,585,066 shares of the ride-sharing company’s stock valued at $651,575,000 after acquiring an additional 615,942 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of NYSE:UBER opened at $71.28 on Friday. Uber Technologies, Inc. has a twelve month low of $29.22 and a twelve month high of $82.14. The firm has a market cap of $148.36 billion, a PE ratio of 82.88, a price-to-earnings-growth ratio of 1.14 and a beta of 1.36. 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 business has a fifty day moving average of $76.92 and a 200-day moving average of $63.34.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, beating 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 company had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.76 billion. During the same period last year, the company posted $0.29 earnings per share. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. On average, equities research analysts predict that Uber Technologies, Inc. will post 1.22 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction dated 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 completion of the sale, the insider now directly owns 185,566 shares in the company, valued at $13,004,465.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction dated 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 completion of the sale, the insider now directly owns 185,566 shares in the company, valued at $13,004,465.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 completion of the sale, the insider now owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on UBER shares. BMO Capital Markets increased their price objective on Uber Technologies from $82.00 to $92.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Moffett Nathanson reissued a “buy” rating and issued a $92.00 price objective on shares of Uber Technologies in a research report on Thursday, April 11th. JPMorgan Chase & Co. increased their price objective on Uber Technologies from $84.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Roth Mkm raised their target price on Uber Technologies from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Finally, Gordon Haskett cut Uber Technologies from a “buy” rating to a “hold” rating and set a $66.00 target price for the company. in a research report on Wednesday, January 24th. Two investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $78.21.

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.