ST Germain D J Co. Inc. Has $18.27 Million Position in Uber Technologies, Inc. (NYSE:UBER)

ST Germain D J Co. Inc. grew its holdings in Uber Technologies, Inc. (NYSE:UBER) by 4.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 302,861 shares of the ride-sharing company’s stock after acquiring an additional 12,688 shares during the period. ST Germain D J Co. Inc.’s holdings in Uber Technologies were worth $18,269,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fortitude Family Office LLC increased its holdings in Uber Technologies by 32.1% during the 4th quarter. Fortitude Family Office LLC now owns 795 shares of the ride-sharing company’s stock valued at $48,000 after purchasing an additional 193 shares in the last quarter. Watts Gwilliam & Co. LLC grew its holdings in shares of Uber Technologies by 537.1% during the fourth quarter. Watts Gwilliam & Co. LLC now owns 72,943 shares of the ride-sharing company’s stock worth $4,825,000 after purchasing an additional 61,494 shares during the last quarter. Farmers Trust Co. increased its stake in shares of Uber Technologies by 1.8% in the fourth quarter. Farmers Trust Co. now owns 45,323 shares of the ride-sharing company’s stock valued at $2,734,000 after buying an additional 799 shares in the last quarter. Fulton Bank N.A. raised its holdings in shares of Uber Technologies by 86.5% in the fourth quarter. Fulton Bank N.A. now owns 22,337 shares of the ride-sharing company’s stock valued at $1,347,000 after buying an additional 10,357 shares during the last quarter. Finally, Diversified Trust Co lifted its position in Uber Technologies by 3.7% during the 4th quarter. Diversified Trust Co now owns 15,667 shares of the ride-sharing company’s stock worth $945,000 after buying an additional 557 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the sale, the insider now owns 107,289 shares in the company, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.84% of the company’s stock.

Uber Technologies Stock Up 1.9 %

Shares of Uber Technologies stock traded up $1.25 during midday trading on Friday, hitting $66.16. The company had a trading volume of 12,197,893 shares, compared to its average volume of 26,480,588. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The stock has a market capitalization of $139.31 billion, a P/E ratio of 32.92, a P/E/G ratio of 0.75 and a beta of 1.36. The company has a 50 day moving average of $67.06 and a 200 day moving average of $70.56. 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 (NYSE:UBER) last posted its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. During the same quarter in the previous year, the business earned $0.10 earnings per share. The company’s revenue was up 20.4% on a year-over-year basis. On average, equities analysts predict that Uber Technologies, Inc. will post 1.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on UBER. UBS Group boosted their target price on shares of Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. DA Davidson boosted their price objective on shares of Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Daiwa Capital Markets lowered Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective on the stock. in a research report on Thursday, October 17th. Evercore ISI boosted their target price on Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $92.00 price target on shares of Uber Technologies in a report on Friday, October 11th. Seven analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $91.53.

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.