Silvercrest Asset Management Group LLC Buys 26,197 Shares of Uber Technologies, Inc. (NYSE:UBER)

Silvercrest Asset Management Group LLC lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 52.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 76,618 shares of the ride-sharing company’s stock after acquiring an additional 26,197 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Uber Technologies were worth $4,622,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in UBER. Avion Wealth raised its position in Uber Technologies by 96.0% in the 4th 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. Transce3nd LLC purchased a new position in Uber Technologies in the 4th quarter worth $27,000. Runnymede Capital Advisors Inc. purchased a new position in Uber Technologies in the 4th quarter worth $28,000. GHP Investment Advisors Inc. raised its position in Uber Technologies by 85.1% in 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 during the period. Finally, Legacy Investment Solutions LLC raised its position in Uber Technologies by 3,038.9% in the 4th quarter. Legacy Investment Solutions LLC now owns 565 shares of the ride-sharing company’s stock worth $34,000 after purchasing an additional 547 shares during the period. 80.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. Fox Advisors downgraded shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 11th. TD Cowen lowered their price objective on shares of Uber Technologies from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Bank of America upped their price objective on shares of Uber Technologies from $96.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Finally, Evercore ISI lowered 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 note on Thursday, February 6th. Eleven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $92.69.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 34,884 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the transaction, the insider now owns 102,135 shares in the company, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Tony West sold 23,404 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the transaction, the insider now owns 114,241 shares in the company, valued at approximately $8,027,715.07. This represents a 17.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 83,788 shares of company stock valued at $6,517,070 over the last quarter. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Trading Up 0.7%

NYSE:UBER opened at $92.41 on Tuesday. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $92.90. 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’s 50-day simple moving average is $76.76 and its 200 day simple moving average is $72.07. The firm has a market capitalization of $193.24 billion, a P/E ratio of 20.27, a PEG ratio of 0.89 and a beta of 1.43.

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

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.