Ethic Inc. Purchases 47,512 Shares of Uber Technologies, Inc. (NYSE:UBER)

Ethic Inc. lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 32.1% in the 4th quarter, Holdings Channel reports. The firm owned 195,554 shares of the ride-sharing company’s stock after acquiring an additional 47,512 shares during the period. Ethic Inc.’s holdings in Uber Technologies were worth $11,796,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Uber Technologies by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company’s stock valued at $10,903,846,000 after acquiring an additional 2,364,525 shares during the last quarter. Capital Research Global Investors raised its position in Uber Technologies by 79.0% during the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company’s stock valued at $7,125,728,000 after purchasing an additional 52,125,476 shares during the last quarter. Geode Capital Management LLC lifted its stake in Uber Technologies by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company’s stock worth $2,621,929,000 after acquiring an additional 1,061,088 shares during the period. Capital World Investors lifted its position in shares of Uber Technologies by 10.1% in the 4th quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company’s stock worth $1,831,021,000 after purchasing an additional 2,792,039 shares during the period. Finally, Jennison Associates LLC boosted its position in Uber Technologies by 36.9% during the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company’s stock valued at $1,596,086,000 after acquiring an additional 7,137,512 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Insiders Place Their Bets

In other news, 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 transaction of $1,644,599.08. Following the completion of the transaction, the insider now directly owns 114,241 shares in the company, valued at approximately $8,027,715.07. This represents a 17.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the completion of the transaction, the chief financial officer now directly owns 21,063 shares of the company’s stock, valued at approximately $1,790,355. This trade represents a 11.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 79,904 shares of company stock worth $6,027,619 in the last three months. 3.84% of the stock is owned by company insiders.

Uber Technologies Trading Down 1.5 %

Uber Technologies stock opened at $82.42 on Friday. The firm has a market capitalization of $172.41 billion, a price-to-earnings ratio of 18.07, a P/E/G ratio of 0.89 and a beta of 1.43. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The firm has a 50 day moving average of $74.58 and a 200 day moving average of $71.57. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on UBER shares. KeyCorp increased their price objective on Uber Technologies from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday. Arete Research raised shares of Uber Technologies to a “hold” rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. upped their price objective on shares of Uber Technologies from $80.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday. Truist Financial boosted their price target on Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. Finally, Citigroup raised their price objective on Uber Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday. Eleven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $92.69.

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.