Unisphere Establishment Makes New $127.16 Million Investment in Uber Technologies, Inc. (NYSE:UBER)

Unisphere Establishment acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,108,000 shares of the ride-sharing company’s stock, valued at approximately $127,155,000. Uber Technologies makes up approximately 1.1% of Unisphere Establishment’s investment portfolio, making the stock its 26th largest holding. Unisphere Establishment owned 0.10% of Uber Technologies at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UBER. Avion Wealth increased its holdings in shares of Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after acquiring an additional 218 shares during the last quarter. Transce3nd LLC acquired a new stake in Uber Technologies in the 4th quarter valued at $27,000. Runnymede Capital Advisors Inc. acquired a new position in Uber Technologies in the fourth quarter worth $28,000. GHP Investment Advisors Inc. boosted its stake in Uber Technologies by 85.1% in the fourth 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. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Uber Technologies in the 4th quarter valued at about $35,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UBER has been the topic of several research analyst reports. Wells Fargo & Company raised their target price on shares of Uber Technologies from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, April 3rd. Arete Research raised shares of Uber Technologies to a “hold” rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. decreased their target price on shares of Uber Technologies from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $80.00 price objective on shares of Uber Technologies in a research report on Wednesday, April 16th. Finally, Evercore ISI reduced their price objective on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $89.81.

Uber Technologies Price Performance

UBER opened at $79.44 on Wednesday. The stock has a 50-day moving average price of $73.51 and a 200-day moving average price of $71.41. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The firm has a market cap of $166.17 billion, a PE ratio of 17.42, a P/E/G ratio of 0.89 and a beta of 1.37. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Sell-side analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Nikki Krishnamurthy sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the sale, the senior vice president now owns 361,908 shares of the company’s stock, valued at approximately $25,901,755.56. This represents a 5.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the sale, the chief financial officer now directly owns 22,162 shares of the company’s stock, valued at $1,662,150. The trade was a 11.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,154 shares of company stock valued at $5,793,869 in the last three months. Corporate insiders own 3.70% of the company’s stock.

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.