Twin Capital Management Inc. Has $2.80 Million Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Twin Capital Management Inc. boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,481 shares of the ride-sharing company’s stock after buying an additional 1,241 shares during the quarter. Twin Capital Management Inc.’s holdings in Uber Technologies were worth $2,804,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Cerity Partners LLC raised its holdings in Uber Technologies by 33.0% in the 4th quarter. Cerity Partners LLC now owns 572,367 shares of the ride-sharing company’s stock worth $35,748,000 after acquiring an additional 142,161 shares during the period. Trek Financial LLC bought a new position in Uber Technologies in the 4th quarter worth approximately $343,000. Garrison Point Advisors LLC bought a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $209,000. Benchmark Investment Advisors LLC increased its position in Uber Technologies by 25.0% during the fourth quarter. Benchmark Investment Advisors LLC now owns 57,615 shares of the ride-sharing company’s stock worth $3,475,000 after acquiring an additional 11,531 shares during the period. Finally, Westwood Wealth Management boosted its holdings in Uber Technologies by 0.7% in the 4th quarter. Westwood Wealth Management now owns 41,575 shares of the ride-sharing company’s stock valued at $2,508,000 after purchasing an additional 300 shares during the period. Institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

UBER has been the subject of several recent research reports. KGI Securities reissued a “neutral” rating and issued a $78.00 price target on shares of Uber Technologies in a research report on Tuesday, March 11th. Citizens Jmp cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Fox Advisors cut Uber Technologies from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 11th. Benchmark restated a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $96.00 price objective on shares of Uber Technologies in a report on Thursday, January 2nd. 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $90.41.

Insider Activity

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 20,000 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $71.57, for a total value of $1,431,400.00. Following the sale, the senior vice president now owns 361,908 shares in the company, valued at approximately $25,901,755.56. The trade was a 5.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jill Hazelbaker sold 31,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 86,973 shares in the company, valued at $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 valued at $5,793,869 over the last quarter. 3.84% of the stock is owned by company insiders.

Uber Technologies Stock Down 7.7 %

NYSE UBER opened at $64.50 on Monday. 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 company has a market cap of $134.92 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 0.89 and a beta of 1.37. The company has a 50 day moving average of $73.75 and a 200-day moving average of $71.74. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00.

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