Pitcairn Co. Purchases 5,470 Shares of Uber Technologies, Inc. (NYSE:UBER)

Pitcairn Co. boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 6.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 93,690 shares of the ride-sharing company’s stock after buying an additional 5,470 shares during the period. Pitcairn Co.’s holdings in Uber Technologies were worth $5,651,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UBER. DF Dent & Co. Inc. lifted its position in Uber Technologies by 22.9% during the fourth quarter. DF Dent & Co. Inc. now owns 508,095 shares of the ride-sharing company’s stock valued at $30,648,000 after purchasing an additional 94,717 shares during the last quarter. Grant Private Wealth Management Inc bought a new stake in shares of Uber Technologies during the 4th quarter worth $213,000. Motley Fool Asset Management LLC grew its position in Uber Technologies by 13.2% in the fourth quarter. Motley Fool Asset Management LLC now owns 95,698 shares of the ride-sharing company’s stock worth $5,773,000 after acquiring an additional 11,155 shares in the last quarter. World Investment Advisors increased its stake in Uber Technologies by 76.9% in the fourth quarter. World Investment Advisors now owns 20,824 shares of the ride-sharing company’s stock valued at $1,256,000 after acquiring an additional 9,051 shares during the last quarter. Finally, Nicolet Advisory Services LLC raised its position in Uber Technologies by 12.8% during the fourth quarter. Nicolet Advisory Services LLC now owns 6,385 shares of the ride-sharing company’s stock valued at $421,000 after purchasing an additional 725 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on UBER. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. KGI Securities reiterated a “neutral” rating and set a $78.00 price target on shares of Uber Technologies in a research report on Tuesday, March 11th. Needham & Company LLC restated a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, February 5th. Wolfe Research lifted their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Finally, Citizens Jmp lowered shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Ten equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and an average target price of $90.31.

Insider Activity

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the transaction, the chief financial officer now owns 22,162 shares of the company’s stock, valued at $1,662,150. This trade represents a 11.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the sale, the insider now directly owns 86,973 shares in the company, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,154 shares of company stock worth $5,793,869. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER opened at $74.63 on Thursday. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The company has a 50-day simple moving average of $73.80 and a two-hundred day simple moving average of $71.82. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The firm has a market capitalization of $156.11 billion, a PE ratio of 16.37, a price-to-earnings-growth ratio of 0.89 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 for the quarter, beating 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%. On average, analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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.