Uber Technologies, Inc. (NYSE:UBER) is Sciencast Management LP’s 10th Largest Position

Sciencast Management LP raised its holdings in Uber Technologies, Inc. (NYSE:UBER) by 537.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,505 shares of the ride-sharing company’s stock after acquiring an additional 42,580 shares during the period. Uber Technologies makes up 0.8% of Sciencast Management LP’s investment portfolio, making the stock its 10th largest position. Sciencast Management LP’s holdings in Uber Technologies were worth $3,046,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of UBER. Avion Wealth increased its stake in Uber Technologies by 96.0% in the fourth 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. GHP Investment Advisors Inc. boosted its holdings in shares of 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 in the last quarter. Kieckhefer Group LLC bought a new position in shares of Uber Technologies during the 4th quarter valued at about $33,000. Retirement Wealth Solutions LLC purchased a new position in shares of Uber Technologies during the 4th quarter valued at about $35,000. Finally, Fairfield Financial Advisors LTD lifted its position in Uber Technologies by 34.0% in the 4th quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company’s stock worth $40,000 after buying an additional 170 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

Shares of UBER opened at $75.94 on Friday. The firm’s 50-day simple moving average is $72.64 and its two-hundred day simple moving average is $71.59. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The stock has a market cap of $158.65 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data 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%. Analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on UBER shares. UBS Group reiterated a “buy” rating on shares of Uber Technologies in a research report on Friday, February 21st. JMP Securities reiterated a “market perform” rating on shares of Uber Technologies in a research report on Thursday, February 6th. Truist Financial upped their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, March 6th. Wolfe Research lifted their price objective on Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $82.00 target price on shares of Uber Technologies in a report on Thursday, February 6th. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $90.31.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the transaction, the insider now directly owns 86,973 shares in the company, valued at $7,046,552.46. The trade was a 26.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the stock in a transaction 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 sale, the senior vice president now owns 361,908 shares in the company, valued at approximately $25,901,755.56. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 74,404 shares of company stock worth $5,587,619 in the last quarter. Corporate insiders own 3.84% of the company’s stock.

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.