Ethic Inc. Buys 47,512 Shares of Uber Technologies, Inc. (NYSE:UBER)

Ethic Inc. lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 32.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 195,554 shares of the ride-sharing company’s stock after purchasing an additional 47,512 shares during the quarter. Ethic Inc.’s holdings in Uber Technologies were worth $11,796,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in UBER. Fiduciary Trust Co boosted its stake in shares of Uber Technologies by 15.5% during the fourth quarter. Fiduciary Trust Co now owns 5,462 shares of the ride-sharing company’s stock valued at $329,000 after purchasing an additional 732 shares in the last quarter. Citizens Business Bank boosted its position in Uber Technologies by 94.2% during the 4th quarter. Citizens Business Bank now owns 147,762 shares of the ride-sharing company’s stock worth $8,913,000 after buying an additional 71,674 shares during the period. Clark Capital Management Group Inc. grew its holdings in Uber Technologies by 11,354.8% during the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company’s stock worth $24,280,000 after acquiring an additional 399,008 shares during the last quarter. Coastal Bridge Advisors LLC increased its position in Uber Technologies by 5.8% in the 4th quarter. Coastal Bridge Advisors LLC now owns 5,459 shares of the ride-sharing company’s stock valued at $329,000 after acquiring an additional 300 shares during the period. Finally, Eagle Global Advisors LLC raised its stake in shares of Uber Technologies by 3.3% during the fourth quarter. Eagle Global Advisors LLC now owns 121,860 shares of the ride-sharing company’s stock valued at $7,351,000 after acquiring an additional 3,930 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on UBER. Benchmark restated a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. Barclays raised their price objective on Uber Technologies from $86.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $80.00 target price on shares of Uber Technologies in a report on Wednesday, April 16th. Piper Sandler restated an “overweight” rating and set a $87.00 price target (up previously from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $82.00 price objective on shares of Uber Technologies in a research note on Monday. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $92.69.

Insider Activity

In other news, insider Jill Hazelbaker sold 31,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the transaction, the insider now owns 86,973 shares of the company’s stock, valued at $7,046,552.46. This represents a 26.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the completion of the transaction, the chief financial officer now owns 21,063 shares of the company’s stock, valued at $1,790,355. The trade was a 11.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 79,904 shares of company stock valued at $6,027,619 over the last three months. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

UBER opened at $82.42 on Friday. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. 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 company has a market capitalization of $172.41 billion, a price-to-earnings ratio of 18.07, a P/E/G ratio of 0.89 and a beta of 1.43. The firm’s fifty day moving average price is $74.58 and its two-hundred day moving average price is $71.57.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.33. The business had revenue of $11.53 billion for the quarter, compared to analysts’ expectations of $11.61 billion. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.32) earnings per share. As a group, analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

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.