Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Sandhill Capital Partners LLC

Sandhill Capital Partners LLC increased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 27.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 616,355 shares of the ride-sharing company’s stock after purchasing an additional 134,464 shares during the period. Uber Technologies accounts for about 3.2% of Sandhill Capital Partners LLC’s holdings, making the stock its 14th biggest holding. Sandhill Capital Partners LLC’s holdings in Uber Technologies were worth $37,949,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. State of New Jersey Common Pension Fund D increased its position in Uber Technologies by 0.6% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,045,647 shares of the ride-sharing company’s stock worth $64,380,000 after purchasing an additional 6,385 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Uber Technologies by 7.5% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 44,615 shares of the ride-sharing company’s stock valued at $2,747,000 after acquiring an additional 3,122 shares during the last quarter. Bfsg LLC acquired a new stake in shares of Uber Technologies during the fourth quarter valued at about $31,000. Harvest Fund Management Co. Ltd increased its position in shares of Uber Technologies by 24.2% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 17,444 shares of the ride-sharing company’s stock valued at $1,074,000 after acquiring an additional 3,397 shares during the last quarter. Finally, Schnieders Capital Management LLC acquired a new stake in shares of Uber Technologies during the fourth quarter valued at about $277,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 20,000 shares of the company’s stock in a transaction on 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 transaction, the insider now directly 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 company’s stock in a transaction on 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 transaction, the insider now directly 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 company’s stock in a transaction on 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 transaction, the insider now directly owns 185,566 shares in the company, valued at $13,004,465.28. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Performance

UBER traded down $0.05 during trading on Thursday, hitting $69.31. The stock had a trading volume of 19,368,011 shares, compared to its average volume of 19,754,951. 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 has a market capitalization of $144.26 billion, a P/E ratio of 81.28, a PEG ratio of 1.12 and a beta of 1.36. The company’s 50-day moving average price is $76.73 and its 200 day moving average price is $64.15. Uber Technologies, Inc. has a twelve month low of $29.22 and a twelve month high of $82.14.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.50. The company had revenue of $9.94 billion for 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%. Uber Technologies’s revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.29 EPS. On average, equities research analysts forecast that Uber Technologies, Inc. will post 1.22 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on UBER shares. JMP Securities reiterated a “market outperform” rating and set a $85.00 price target on shares of Uber Technologies in a research report on Thursday, March 28th. Citigroup lifted their price target on shares of Uber Technologies from $83.00 to $91.00 and gave the company a “buy” rating in a research report on Friday, February 16th. BTIG Research lifted their price target on shares of Uber Technologies from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. KeyCorp lifted their price target on shares of Uber Technologies from $79.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Finally, BMO Capital Markets lifted their price objective on shares of Uber Technologies from $82.00 to $92.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $78.94.

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.