BW Gestao de Investimentos Ltda. Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

BW Gestao de Investimentos Ltda. purchased a new position in Uber Technologies, Inc. (NYSE:UBER) during the fourth quarter, HoldingsChannel reports. The fund purchased 70,000 shares of the ride-sharing company’s stock, valued at approximately $4,222,000.

Several other hedge funds and other institutional investors have also made changes to their positions in UBER. Avion Wealth increased 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 buying an additional 218 shares during the last quarter. Transce3nd LLC purchased a new stake in shares of Uber Technologies during the fourth quarter valued at $27,000. Runnymede Capital Advisors Inc. purchased a new position in shares of Uber Technologies during the fourth quarter worth approximately $28,000. GHP Investment Advisors Inc. grew its position in shares of Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 223 shares in the last quarter. Finally, Kieckhefer Group LLC purchased a new position in Uber Technologies during the 4th quarter valued at about $33,000. Institutional investors own 80.24% of the company’s stock.

Analysts Set New Price Targets

UBER has been the subject of a number of analyst reports. JMP Securities reissued a “market perform” rating on shares of Uber Technologies in a research report on Thursday, February 6th. KeyCorp dropped their price objective on shares of Uber Technologies from $85.00 to $80.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. Wells Fargo & Company raised their price objective on Uber Technologies from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, April 3rd. Evercore ISI decreased their price target on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Finally, Fox Advisors lowered shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 11th. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and an average price target of $89.81.

Uber Technologies Stock Performance

NYSE:UBER opened at $84.28 on Friday. The business’s fifty day moving average price is $73.83 and its 200 day moving average price is $71.38. The firm has a market capitalization of $176.30 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month 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.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In related news, SVP Nikki Krishnamurthy sold 20,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the senior vice president now owns 361,908 shares in the company, valued at $25,901,755.56. This trade represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Tony West sold 23,404 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the transaction, the insider now directly owns 114,241 shares of the company’s stock, valued at approximately $8,027,715.07. This trade represents a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 77,154 shares of company stock worth $5,793,869 in the last 90 days. 3.70% of the stock is owned by insiders.

About Uber Technologies

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.