Savant Capital LLC Purchases 674,574 Shares of Uber Technologies, Inc. (NYSE:UBER)

Savant Capital LLC lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 6,074.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 685,679 shares of the ride-sharing company’s stock after buying an additional 674,574 shares during the quarter. Savant Capital LLC’s holdings in Uber Technologies were worth $41,360,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Ascent Wealth Partners LLC acquired a new position in shares of Uber Technologies during the 3rd quarter valued at $2,087,000. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Uber Technologies by 4.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock valued at $24,180,000 after purchasing an additional 13,433 shares during the period. Aviso Wealth Management bought a new position in shares of Uber Technologies during the 3rd quarter worth about $2,302,000. Polianta Ltd acquired a new stake in shares of Uber Technologies in the 4th quarter valued at about $1,206,000. Finally, Brophy Wealth Management LLC bought a new stake in Uber Technologies in the 3rd quarter valued at about $1,041,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Price Performance

NYSE:UBER opened at $74.76 on Monday. The firm has a market cap of $157.43 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 0.81 and a beta of 1.39. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The firm’s fifty day moving average is $65.34 and its two-hundred day moving average is $70.14. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Research analysts expect that Uber Technologies, Inc. will post 2.4 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on UBER shares. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $96.00 price objective on shares of Uber Technologies in a research note on Thursday, January 2nd. Wolfe Research lifted their price target on Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. UBS Group decreased their price objective on Uber Technologies from $114.00 to $107.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Citigroup decreased their price target on Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a report on Thursday. Finally, Citizens Jmp cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Seven analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $90.70.

Insider Activity

In related news, insider Jill Hazelbaker sold 27,780 shares of the 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 in the company, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.84% of the company’s stock.

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.