Montrusco Bolton Investments Inc. Takes $166.07 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Montrusco Bolton Investments Inc. bought a new position in Uber Technologies, Inc. (NYSE:UBER) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 2,845,296 shares of the ride-sharing company’s stock, valued at approximately $166,072,000. Uber Technologies accounts for about 2.0% of Montrusco Bolton Investments Inc.’s holdings, making the stock its 19th largest holding. Montrusco Bolton Investments Inc. owned about 0.14% of Uber Technologies at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Patton Fund Management Inc. bought a new stake in Uber Technologies during the 4th quarter valued at $4,077,000. Foster Victor Wealth Advisors LLC lifted its holdings in Uber Technologies by 31.8% in the fourth quarter. Foster Victor Wealth Advisors LLC now owns 159,361 shares of the ride-sharing company’s stock valued at $9,613,000 after acquiring an additional 38,413 shares during the period. Smith Group Asset Management LLC acquired a new stake in shares of Uber Technologies during the 4th quarter valued at about $689,000. Robeco Institutional Asset Management B.V. lifted its holdings in Uber Technologies by 198.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,705,565 shares of the ride-sharing company’s stock valued at $163,200,000 after purchasing an additional 1,800,052 shares in the last quarter. Finally, Sumitomo Life Insurance Co. raised its stake in Uber Technologies by 10.0% in the 4th quarter. Sumitomo Life Insurance Co. now owns 118,018 shares of the ride-sharing company’s stock valued at $7,119,000 after purchasing an additional 10,747 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Down 1.0 %

Shares of NYSE UBER opened at $68.08 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The company’s fifty day simple moving average is $65.83 and its 200 day simple moving average is $70.19. The firm has a market cap of $143.35 billion, a PE ratio of 33.87, a P/E/G ratio of 0.77 and a beta of 1.36. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00.

Uber Technologies (NYSE:UBER) last issued its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. During the same period last year, the business earned $0.10 EPS. Uber Technologies’s quarterly revenue was up 20.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 1.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Benchmark reissued a “hold” rating on shares of Uber Technologies in a report on Friday, November 1st. Piper Sandler dropped their price objective on Uber Technologies from $98.00 to $82.00 and set an “overweight” rating for the company in a research report on Tuesday. Loop Capital upped their price target on shares of Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Evercore ISI raised their price objective on Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Finally, Jefferies Financial Group lifted their price objective on Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Seven research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $91.08.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the transaction, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.84% of the stock is currently owned by insiders.

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.