Cambiar Investors LLC Has $57 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Cambiar Investors LLC increased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 47.0% in the fourth quarter, HoldingsChannel reports. The firm owned 944,909 shares of the ride-sharing company’s stock after purchasing an additional 302,047 shares during the period. Uber Technologies accounts for approximately 2.3% of Cambiar Investors LLC’s portfolio, making the stock its 10th biggest holding. Cambiar Investors LLC’s holdings in Uber Technologies were worth $56,997,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. GHP Investment Advisors Inc. raised its position in Uber Technologies by 85.1% in the fourth 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 stake in shares of Uber Technologies during the fourth quarter valued at approximately $33,000. Retirement Wealth Solutions LLC bought a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $35,000. Financial Management Professionals Inc. boosted its stake in Uber Technologies by 104.1% in the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after acquiring an additional 252 shares during the last quarter. Finally, Transcendent Capital Group LLC boosted its stake in Uber Technologies by 3,928.6% in the third quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock valued at $42,000 after acquiring an additional 550 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the sale, the insider now owns 107,289 shares in the company, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Price Performance

Uber Technologies stock opened at $78.74 on Tuesday. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The business has a fifty day moving average of $65.34 and a two-hundred day moving average of $70.17. The company has a market cap of $165.80 billion, a P/E ratio of 17.27, a price-to-earnings-growth ratio of 0.81 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. As a group, analysts predict that Uber Technologies, Inc. will post 2.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on UBER. DA Davidson dropped their price objective on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Evercore ISI cut their price objective on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Truist Financial cut their price objective on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a report on Friday, November 1st. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, February 5th. Finally, Tigress Financial upped their price target on shares of Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Seven analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $90.70.

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.