Herold Advisors Inc. Makes New $225,000 Investment in Uber Technologies, Inc. (NYSE:UBER)

Herold Advisors Inc. acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) in the fourth quarter, Holdings Channel.com reports. The fund acquired 3,650 shares of the ride-sharing company’s stock, valued at approximately $225,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Uber Technologies by 1.7% during the third quarter. Vanguard Group Inc. now owns 124,353,537 shares of the ride-sharing company’s stock valued at $5,719,019,000 after purchasing an additional 2,067,098 shares during the last quarter. Brown Advisory Inc. lifted its stake in Uber Technologies by 1,108.6% during the third quarter. Brown Advisory Inc. now owns 15,683,867 shares of the ride-sharing company’s stock valued at $721,301,000 after buying an additional 14,386,205 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Uber Technologies by 2.9% in the third quarter. Northern Trust Corp now owns 12,356,034 shares of the ride-sharing company’s stock worth $568,254,000 after buying an additional 351,575 shares during the period. Winslow Capital Management LLC increased its position in shares of Uber Technologies by 33.6% in the third quarter. Winslow Capital Management LLC now owns 9,062,836 shares of the ride-sharing company’s stock worth $416,800,000 after acquiring an additional 2,278,252 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new position in shares of Uber Technologies in the third quarter worth approximately $272,625,000. 80.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on UBER. BMO Capital Markets lifted their price objective on shares of Uber Technologies from $82.00 to $92.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Barclays lifted their price target on Uber Technologies from $63.00 to $86.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Moffett Nathanson reissued a “buy” rating and issued a $92.00 price objective on shares of Uber Technologies in a research note on Thursday, April 11th. JPMorgan Chase & Co. lifted their target price on Uber Technologies from $84.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Finally, Roth Mkm increased their price target on shares of Uber Technologies from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $78.94.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 20,000 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the transaction, the insider now owns 107,290 shares in the company, valued at approximately $8,350,380.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Tony West sold 18,750 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the transaction, the insider now owns 185,566 shares in the company, valued at approximately $13,004,465.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the transaction, the insider now owns 107,290 shares in the company, valued at $8,350,380.70. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

UBER traded down $0.27 during midday trading on Friday, reaching $69.04. The company’s stock had a trading volume of 16,180,562 shares, compared to its average volume of 19,708,822. The stock has a market cap of $143.70 billion, a P/E ratio of 80.28, a PEG ratio of 1.10 and a beta of 1.36. Uber Technologies, Inc. has a twelve month low of $29.22 and a twelve month high of $82.14. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79. The company has a fifty day simple moving average of $76.30 and a 200 day simple moving average of $64.35.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.50. The company had revenue of $9.94 billion during the quarter, compared to analysts’ expectations of $9.76 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. Uber Technologies’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 earnings per share. Research analysts expect that Uber Technologies, Inc. will post 1.22 earnings per share for the current year.

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.