Kennicott Capital Management LLC Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

Kennicott Capital Management LLC purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,275 shares of the ride-sharing company’s stock, valued at approximately $263,000.

Other large investors also recently bought and sold shares of the company. Brown Advisory Inc. increased its position in shares of Uber Technologies by 1,108.6% in the third quarter. Brown Advisory Inc. now owns 15,683,867 shares of the ride-sharing company’s stock worth $721,301,000 after acquiring an additional 14,386,205 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of Uber Technologies in the 3rd quarter worth about $272,625,000. Jericho Capital Asset Management L.P. bought a new position in shares of Uber Technologies in the 3rd quarter worth about $187,111,000. Winslow Capital Management LLC lifted its position in shares of Uber Technologies by 33.6% in the 3rd quarter. Winslow Capital Management LLC now owns 9,062,836 shares of the ride-sharing company’s stock worth $416,800,000 after buying an additional 2,278,252 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Uber Technologies by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 124,353,537 shares of the ride-sharing company’s stock worth $5,719,019,000 after buying an additional 2,067,098 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insiders Place Their Bets

In other Uber Technologies 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 transaction of $1,314,000.00. Following the sale, 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 news, insider Tony West sold 18,750 shares of the firm’s 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 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $1,556,600.00. Following the completion of the transaction, the insider now directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. Insiders own 3.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on UBER shares. Susquehanna lifted their price objective on shares of Uber Technologies from $60.00 to $85.00 and gave the stock a “positive” rating in a research note on Thursday, February 8th. JPMorgan Chase & Co. lifted their price objective on shares of Uber Technologies from $84.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. JMP Securities reaffirmed a “market outperform” rating and issued a $85.00 price objective on shares of Uber Technologies in a research note on Thursday, March 28th. The Goldman Sachs Group lifted their price objective on shares of Uber Technologies from $59.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Finally, Wells Fargo & Company lifted their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Two analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.94.

Uber Technologies Price Performance

Shares of UBER stock traded up $1.82 during mid-day trading on Tuesday, reaching $70.80. The company’s stock had a trading volume of 16,238,751 shares, compared to its average volume of 19,644,313. Uber Technologies, Inc. has a 1-year low of $29.22 and a 1-year high of $82.14. The company has a market cap of $147.36 billion, a P/E ratio of 82.33, a PEG ratio of 1.10 and a beta of 1.36. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. The firm’s 50-day moving average is $76.92 and its two-hundred day moving average is $64.12.

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

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.