Pitcairn Co. Has $5.65 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Pitcairn Co. grew its holdings in Uber Technologies, Inc. (NYSE:UBER) by 6.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,690 shares of the ride-sharing company’s stock after purchasing an additional 5,470 shares during the quarter. Pitcairn Co.’s holdings in Uber Technologies were worth $5,651,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in UBER. Avion Wealth grew its holdings in Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 218 shares during the period. Runnymede Capital Advisors Inc. bought a new position in shares of Uber Technologies during the 4th quarter worth about $28,000. GHP Investment Advisors Inc. boosted its position in shares of Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 223 shares in the last quarter. Kieckhefer Group LLC acquired a new stake in shares of Uber Technologies in the 4th quarter valued at about $33,000. Finally, Retirement Wealth Solutions LLC bought a new stake in Uber Technologies in the 4th quarter valued at about $35,000. Institutional investors own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the transaction, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. The trade was a 11.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the sale, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 77,154 shares of company stock worth $5,793,869 over the last quarter. Corporate insiders own 3.84% of the company’s stock.

Wall Street Analyst Weigh In

UBER has been the topic of several recent research reports. DA Davidson cut their price target on Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Citigroup cut their target price on Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. The Goldman Sachs Group restated a “buy” rating and set a $96.00 price target on shares of Uber Technologies in a research note on Thursday, January 2nd. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research note on Friday, January 31st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, February 5th. Ten analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and a consensus price target of $90.31.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $74.63 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The stock has a fifty day simple moving average of $73.80 and a two-hundred day simple moving average of $71.82. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The firm has a market cap of $156.11 billion, a price-to-earnings ratio of 16.37, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

About Uber Technologies

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.