BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Increases Stake in Uber Technologies, Inc. (NYSE:UBER)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 41.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 442,544 shares of the ride-sharing company’s stock after purchasing an additional 128,758 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Uber Technologies were worth $26,694,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of UBER. Welch & Forbes LLC raised its holdings in Uber Technologies by 3.9% in the 4th quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company’s stock worth $237,000 after acquiring an additional 148 shares during the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC increased its holdings in shares of Uber Technologies by 3.5% in the 4th quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company’s stock worth $282,000 after purchasing an additional 150 shares in the last quarter. Drive Wealth Management LLC raised its stake in shares of Uber Technologies by 3.1% in the fourth quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company’s stock worth $312,000 after purchasing an additional 155 shares during the last quarter. Institute for Wealth Management LLC. lifted its holdings in shares of Uber Technologies by 2.4% during the fourth quarter. Institute for Wealth Management LLC. now owns 6,606 shares of the ride-sharing company’s stock valued at $398,000 after purchasing an additional 155 shares in the last quarter. Finally, Fairfield Financial Advisors LTD lifted its holdings in shares of Uber Technologies by 34.0% during the fourth quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company’s stock valued at $40,000 after purchasing an additional 170 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the sale, the insider now owns 102,135 shares of the company’s stock, valued at $8,786,674.05. The trade was a 25.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Tony West sold 23,404 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the transaction, the insider now owns 114,241 shares of the company’s stock, valued at $8,027,715.07. This represents a 17.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 83,788 shares of company stock worth $6,517,070 in the last 90 days. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Trading Down 3.6%

UBER stock opened at $88.56 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $93.60. The business has a 50 day simple moving average of $77.54 and a two-hundred day simple moving average of $72.32. The company has a market capitalization of $185.18 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 0.89 and a beta of 1.43.

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on UBER. The Goldman Sachs Group boosted their target price on Uber Technologies from $96.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Barclays boosted their price objective on shares of Uber Technologies from $86.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Bank of America raised their target price on shares of Uber Technologies from $96.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Fox Advisors lowered shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 11th. Finally, Piper Sandler reissued an “overweight” rating and set a $87.00 price target (up from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Eleven research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and an average target price of $93.69.

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.