Fort Washington Investment Advisors Inc. OH Invests $38.77 Million in Uber Technologies, Inc. (NYSE:UBER)

Fort Washington Investment Advisors Inc. OH acquired a new position in Uber Technologies, Inc. (NYSE:UBER) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 532,117 shares of the ride-sharing company’s stock, valued at approximately $38,770,000.

Other large investors also recently modified their holdings of the company. Navalign LLC grew its holdings in shares of Uber Technologies by 0.5% during the fourth quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company’s stock worth $1,536,000 after buying an additional 126 shares in the last quarter. Amplius Wealth Advisors LLC grew its holdings in Uber Technologies by 3.6% during the 1st quarter. Amplius Wealth Advisors LLC now owns 4,140 shares of the ride-sharing company’s stock worth $302,000 after acquiring an additional 145 shares in the last quarter. Welch & Forbes LLC raised its holdings in Uber Technologies by 3.9% during the fourth quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company’s stock worth $237,000 after purchasing an additional 148 shares in the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC increased its position in Uber Technologies by 3.5% during the fourth quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company’s stock worth $282,000 after buying an additional 150 shares during the period. Finally, United Advisor Group LLC lifted its stake in shares of Uber Technologies by 3.6% in the 4th quarter. United Advisor Group LLC now owns 4,367 shares of the ride-sharing company’s stock worth $263,000 after acquiring an additional 153 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the completion of the sale, the chief financial officer now directly owns 21,063 shares in the company, valued at $1,790,355. This represents a 11.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was 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 approximately $25,901,755.56. This represents a 5.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 60,384 shares of company stock worth $4,872,471 over the last quarter. Company insiders own 3.84% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Fox Advisors cut shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 11th. Tigress Financial set a $110.00 price target on Uber Technologies and gave the company a “buy” rating in a report on Friday, May 23rd. Wells Fargo & Company boosted their price objective on Uber Technologies from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Truist Financial increased their price objective on Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, March 6th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Uber Technologies in a report on Thursday, May 15th. Twelve 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $94.39.

Uber Technologies Stock Performance

NYSE UBER opened at $86.53 on Thursday. The company has a market capitalization of $180.94 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 0.89 and a beta of 1.38. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $93.60. The stock has a fifty day simple moving average of $81.40 and a 200 day simple moving average of $73.80.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter last year, the company earned ($0.32) earnings per share. The company’s revenue was up 13.8% on a year-over-year basis. Sell-side analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.