Evolution Advisers Inc. Acquires Shares of 700 Uber Technologies, Inc. (NYSE:UBER)

Evolution Advisers Inc. acquired a new stake in Uber Technologies, Inc. (NYSE:UBER) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 700 shares of the ride-sharing company’s stock, valued at approximately $41,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Drive Wealth Management LLC raised its holdings in shares of Uber Technologies by 3.6% during the fourth quarter. Drive Wealth Management LLC now owns 4,691 shares of the ride-sharing company’s stock valued at $289,000 after acquiring an additional 163 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its holdings in shares of Uber Technologies by 49.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock valued at $32,000 after acquiring an additional 174 shares in the last quarter. Cigna Investments Inc. New grew its stake in Uber Technologies by 0.9% in the fourth quarter. Cigna Investments Inc. New now owns 20,743 shares of the ride-sharing company’s stock worth $1,277,000 after purchasing an additional 178 shares during the period. Procyon Advisors LLC grew its stake in Uber Technologies by 3.6% in the fourth quarter. Procyon Advisors LLC now owns 5,258 shares of the ride-sharing company’s stock worth $324,000 after purchasing an additional 182 shares during the period. Finally, Harbour Capital Advisors LLC grew its stake in Uber Technologies by 2.1% in the fourth quarter. Harbour Capital Advisors LLC now owns 9,920 shares of the ride-sharing company’s stock worth $578,000 after purchasing an additional 200 shares during the period. Institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Gordon Haskett cut Uber Technologies from a “buy” rating to a “hold” rating and set a $66.00 price target on the stock. in a research note on Wednesday, January 24th. BMO Capital Markets increased their target price on Uber Technologies from $82.00 to $92.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Barclays increased their target price on Uber Technologies from $63.00 to $86.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. UBS Group increased 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, The Goldman Sachs Group increased their target price on Uber Technologies from $59.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Two investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.94.

Uber Technologies Price Performance

UBER traded down $0.05 on Thursday, hitting $69.31. 19,368,011 shares of the company’s stock traded hands, compared to its average volume of 19,754,951. The company’s 50 day simple moving average is $76.49 and its 200-day simple moving average is $64.19. The firm has a market cap of $144.26 billion, a price-to-earnings ratio of 80.59, a P/E/G ratio of 1.12 and a beta of 1.36. Uber Technologies, Inc. has a one year low of $29.22 and a one year high of $82.14. 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 (NYSE:UBER) last released its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 18.95% and a net margin of 5.06%. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.29 EPS. As a group, research analysts anticipate that Uber Technologies, Inc. will post 1.22 EPS for the current year.

Insider Activity

In other news, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the transaction, the insider now owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the transaction, the insider now owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Tony West sold 18,750 shares of the business’s stock in a transaction that occurred on 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 directly owns 185,566 shares in the company, valued at approximately $13,004,465.28. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company’s stock.

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.