Cwm LLC Grows Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Cwm LLC raised its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 256,140 shares of the ride-sharing company’s stock after purchasing an additional 6,899 shares during the period. Cwm LLC’s holdings in Uber Technologies were worth $15,771,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. grew its stake in shares of Uber Technologies by 28.7% during the first quarter. American Century Companies Inc. now owns 23,045 shares of the ride-sharing company’s stock valued at $822,000 after buying an additional 5,142 shares during the last quarter. MetLife Investment Management LLC bought a new position in shares of Uber Technologies during the first quarter valued at about $3,359,000. Panagora Asset Management Inc. grew its stake in shares of Uber Technologies by 29.3% during the first quarter. Panagora Asset Management Inc. now owns 22,650 shares of the ride-sharing company’s stock valued at $808,000 after buying an additional 5,134 shares during the last quarter. Yousif Capital Management LLC grew its stake in shares of Uber Technologies by 11.7% during the first quarter. Yousif Capital Management LLC now owns 26,298 shares of the ride-sharing company’s stock valued at $938,000 after buying an additional 2,756 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Uber Technologies by 17.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,144,337 shares of the ride-sharing company’s stock valued at $40,838,000 after buying an additional 168,475 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Down 2.9 %

Shares of NYSE:UBER opened at $69.20 on Monday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79. Uber Technologies, Inc. has a 12 month low of $29.22 and a 12 month high of $82.14. The company has a 50-day moving average price of $76.89 and a 200 day moving average price of $63.77. The company has a market cap of $144.03 billion, a price-to-earnings ratio of 80.47, a PEG ratio of 1.10 and a beta of 1.36.

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Moffett Nathanson reaffirmed a “buy” rating and set a $92.00 price objective on shares of Uber Technologies in a research note on Thursday, April 11th. Nomura cut Uber Technologies from a “buy” rating to a “neutral” rating and raised their target price for the stock from $59.00 to $62.00 in a research note on Friday, December 29th. JMP Securities reissued a “market outperform” rating and issued a $85.00 target price on shares of Uber Technologies in a research note on Thursday, March 28th. UBS Group raised their target price on Uber Technologies from $94.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Finally, Piper Sandler raised their target price on Uber Technologies from $78.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $78.94.

Insider Activity at Uber Technologies

In related news, insider Tony West sold 18,750 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $13,004,465.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Tony West sold 18,750 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the sale, the insider now directly owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The disclosure for this sale can be found here. 3.84% of the stock is owned by insiders.

About Uber Technologies

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.