Twin Capital Management Inc. Purchases 1,241 Shares of Uber Technologies, Inc. (NYSE:UBER)

Twin Capital Management Inc. boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,481 shares of the ride-sharing company’s stock after buying an additional 1,241 shares during the period. Twin Capital Management Inc.’s holdings in Uber Technologies were worth $2,804,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Avion Wealth increased its holdings in Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 218 shares in the last quarter. Runnymede Capital Advisors Inc. purchased a new position in shares of Uber Technologies in the 4th quarter worth approximately $28,000. GHP Investment Advisors Inc. grew its holdings in shares of Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 223 shares in the last quarter. Kieckhefer Group LLC purchased a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $33,000. Finally, Retirement Wealth Solutions LLC bought a new stake in Uber Technologies during the fourth quarter worth $35,000. 80.24% of the stock is owned by institutional investors.

Uber Technologies Trading Down 7.7 %

NYSE UBER opened at $64.50 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The stock has a market cap of $134.92 billion, a P/E ratio of 14.14, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The stock has a 50 day simple moving average of $73.75 and a two-hundred day simple moving average of $71.74.

Uber Technologies (NYSE:UBER) last announced its 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%. On average, analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the transaction, the insider now owns 86,973 shares in the company, valued at $7,046,552.46. The trade was a 26.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value 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 represents a 11.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,154 shares of company stock valued at $5,793,869 in the last three months. Company insiders own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research note on Friday, January 31st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $80.00 target price on shares of Uber Technologies in a research note on Thursday, February 6th. Wells Fargo & Company upped their price objective on Uber Technologies from $87.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday. Citizens Jmp downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Finally, DA Davidson lowered their price objective on Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.41.

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.