Knights of Columbus Asset Advisors LLC Increases Holdings in Uber Technologies, Inc. (NYSE:UBER)

Knights of Columbus Asset Advisors LLC increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,494 shares of the ride-sharing company’s stock after purchasing an additional 607 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Uber Technologies were worth $2,020,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in UBER. Ontario Teachers Pension Plan Board purchased a new stake in Uber Technologies during the 3rd quarter worth $327,000. Nwam LLC boosted its position in Uber Technologies by 5.6% in the 3rd quarter. Nwam LLC now owns 10,559 shares of the ride-sharing company’s stock valued at $794,000 after buying an additional 562 shares during the last quarter. Nicolet Advisory Services LLC boosted its position in Uber Technologies by 3.6% in the 3rd quarter. Nicolet Advisory Services LLC now owns 5,660 shares of the ride-sharing company’s stock valued at $413,000 after buying an additional 199 shares during the last quarter. Great Valley Advisor Group Inc. boosted its position in Uber Technologies by 11.5% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 44,611 shares of the ride-sharing company’s stock valued at $3,353,000 after buying an additional 4,584 shares during the last quarter. Finally, Cerity Partners LLC boosted its position in Uber Technologies by 36.0% in the 3rd quarter. Cerity Partners LLC now owns 430,206 shares of the ride-sharing company’s stock valued at $32,334,000 after buying an additional 113,989 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Piper Sandler reissued an “overweight” rating and issued a $87.00 price objective (up from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Citizens Jmp cut shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Wolfe Research upped their target price on shares of 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 restated a “buy” rating on shares of Uber Technologies in a research note on Friday, February 21st. Finally, Evercore ISI cut their target price on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $90.31.

Insider Activity

In other news, SVP Nikki Krishnamurthy sold 20,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the transaction, the senior vice president now directly owns 361,908 shares in the company, valued at $25,901,755.56. This trade represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the sale, the insider now owns 86,973 shares of the company’s stock, valued at $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 74,404 shares of company stock worth $5,587,619 over the last three months. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $75.94 on Friday. The firm’s 50 day moving average is $72.64 and its two-hundred day moving average is $71.59. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The firm has a market capitalization of $158.65 billion, a P/E ratio of 16.65, a PEG ratio of 0.89 and a beta of 1.39. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

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.