Platinum Investment Management Ltd. Takes $939,000 Position in Uber Technologies, Inc. (NYSE:UBER)

Platinum Investment Management Ltd. acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 15,563 shares of the ride-sharing company’s stock, valued at approximately $939,000.

Several other large investors also recently bought and sold shares of the company. Xponance Inc. lifted its position in shares of Uber Technologies by 3.3% in the fourth quarter. Xponance Inc. now owns 471,665 shares of the ride-sharing company’s stock valued at $28,451,000 after acquiring an additional 15,155 shares in the last quarter. Boston Partners purchased a new position in shares of Uber Technologies in the 4th quarter worth about $381,057,000. Generali Asset Management SPA SGR purchased a new position in shares of Uber Technologies in the 4th quarter worth about $8,105,000. Evoke Wealth LLC grew its stake in shares of Uber Technologies by 8.0% in the fourth quarter. Evoke Wealth LLC now owns 5,978 shares of the ride-sharing company’s stock valued at $361,000 after buying an additional 445 shares in the last quarter. Finally, Horizon Investments LLC grew its stake in shares of Uber Technologies by 36.5% in the fourth quarter. Horizon Investments LLC now owns 78,484 shares of the ride-sharing company’s stock valued at $4,734,000 after buying an additional 20,987 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In related news, SVP Nikki Krishnamurthy sold 20,000 shares of Uber Technologies stock in a transaction on Friday, March 14th. The stock was sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the completion of the sale, the senior vice president now owns 361,908 shares of the company’s stock, valued at approximately $25,901,755.56. This trade represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the sale, the insider now directly owns 86,973 shares of the company’s stock, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 74,404 shares of company stock valued at $5,587,619. Insiders own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. UBS Group restated a “buy” rating on shares of Uber Technologies in a research note on Friday, February 21st. Evercore ISI cut their target price on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Citigroup cut their target price on Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, February 5th. Finally, Wolfe Research lifted their target price on Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Ten analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $90.31.

Uber Technologies Stock Performance

Shares of UBER stock opened at $71.54 on Wednesday. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $149.45 billion, a price-to-earnings ratio of 15.69, a P/E/G ratio of 0.89 and a beta of 1.39. The stock’s fifty day simple moving average is $72.09 and its 200-day simple moving average is $71.55.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating 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%. On average, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

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.