Parkwood LLC Raises Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Parkwood LLC boosted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 227,059 shares of the ride-sharing company’s stock after purchasing an additional 8,883 shares during the period. Uber Technologies comprises 1.5% of Parkwood LLC’s holdings, making the stock its 15th largest position. Parkwood LLC’s holdings in Uber Technologies were worth $13,696,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of UBER. Avion Wealth raised its holdings in shares of 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 bought a new position in Uber Technologies during the fourth quarter valued at $27,000. Runnymede Capital Advisors Inc. purchased a new stake in Uber Technologies in the fourth quarter worth $28,000. GHP Investment Advisors Inc. raised its stake in shares of Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 223 shares during the period. Finally, Legacy Investment Solutions LLC raised its stake in shares of Uber Technologies by 3,038.9% in the fourth quarter. Legacy Investment Solutions LLC now owns 565 shares of the ride-sharing company’s stock valued at $34,000 after buying an additional 547 shares during the period. Institutional investors own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Bank of America increased their price target on Uber Technologies from $96.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Wedbush lowered shares of Uber Technologies from an “outperform” rating to a “neutral” rating and increased their target price for the stock from $80.00 to $85.00 in a research report on Thursday, May 8th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, May 7th. Fox Advisors cut shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 11th. Finally, Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research note on Friday, January 31st. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $92.69.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction dated 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 directly owns 86,973 shares of the company’s stock, valued at approximately $7,046,552.46. This trade represents a 26.28% decrease in their position. The sale was disclosed in a filing with the SEC, 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 Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the completion of the sale, the chief financial officer now directly owns 21,063 shares of the company’s stock, valued at approximately $1,790,355. This represents a 11.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 79,904 shares of company stock valued at $6,027,619 over the last 90 days. 3.84% of the stock is owned by insiders.

Uber Technologies Trading Up 4.1%

Shares of UBER opened at $91.69 on Wednesday. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $92.17. The company has a market capitalization of $191.74 billion, a P/E ratio of 20.11, a P/E/G ratio of 0.89 and a beta of 1.43. 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’s 50 day simple moving average is $75.29 and its 200 day simple moving average is $71.69.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating 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 firm had revenue of $11.53 billion for the quarter, compared to analysts’ expectations of $11.61 billion. During the same quarter last year, the company posted ($0.32) EPS. The business’s quarterly revenue was up 13.8% on a year-over-year basis. Sell-side analysts forecast 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.