Uber Technologies, Inc. (NYSE:UBER) Shares Bought by WIM INVESTMENT MANAGEMENT Ltd

WIM INVESTMENT MANAGEMENT Ltd grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 10.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 227,588 shares of the ride-sharing company’s stock after purchasing an additional 21,500 shares during the quarter. Uber Technologies makes up about 4.7% of WIM INVESTMENT MANAGEMENT Ltd’s holdings, making the stock its 6th largest position. WIM INVESTMENT MANAGEMENT Ltd’s holdings in Uber Technologies were worth $13,728,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of UBER. Drive Wealth Management LLC boosted its holdings in shares of Uber Technologies by 3.9% in the 3rd quarter. Drive Wealth Management LLC now owns 5,017 shares of the ride-sharing company’s stock valued at $377,000 after buying an additional 186 shares during the period. MidAtlantic Capital Management Inc. acquired a new position in shares of Uber Technologies in the 3rd quarter valued at about $51,000. Pathstone Holdings LLC boosted its holdings in shares of Uber Technologies by 11.4% in the 3rd quarter. Pathstone Holdings LLC now owns 861,507 shares of the ride-sharing company’s stock valued at $64,751,000 after buying an additional 88,166 shares during the period. Caprock Group LLC lifted its position in Uber Technologies by 21.7% in the 3rd quarter. Caprock Group LLC now owns 85,840 shares of the ride-sharing company’s stock valued at $6,452,000 after purchasing an additional 15,301 shares during the last quarter. Finally, Knuff & Co LLC lifted its position in Uber Technologies by 13.2% in the 3rd quarter. Knuff & Co LLC now owns 3,820 shares of the ride-sharing company’s stock valued at $287,000 after purchasing an additional 445 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the transaction, the insider now directly owns 86,973 shares of the company’s stock, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the transaction, the senior vice president now directly owns 361,908 shares in the company, valued at $25,901,755.56. The trade was a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 74,404 shares of company stock valued at $5,587,619 over the last ninety days. Corporate insiders own 3.84% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on UBER shares. Wells Fargo & Company cut their price objective on shares of Uber Technologies from $90.00 to $87.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Arete Research upgraded shares of Uber Technologies to a “hold” rating in a research report on Tuesday, February 18th. Tigress Financial lifted their price objective 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. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, February 5th. Finally, DA Davidson cut their price objective on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $90.31.

Uber Technologies Stock Performance

Uber Technologies stock opened at $71.54 on Wednesday. The firm’s 50 day simple moving average is $72.09 and its 200-day simple moving average is $71.55. The company has a market cap of $149.45 billion, a P/E ratio of 15.69, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. As a group, equities research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current 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.