Uber Technologies, Inc. (NYSE:UBER) Position Boosted by Birch Hill Investment Advisors LLC

Birch Hill Investment Advisors LLC boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 57.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 87,447 shares of the ride-sharing company’s stock after purchasing an additional 31,763 shares during the period. Birch Hill Investment Advisors LLC’s holdings in Uber Technologies were worth $5,275,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in UBER. Empirical Finance LLC boosted its holdings in shares of Uber Technologies by 9.6% in the fourth quarter. Empirical Finance LLC now owns 10,035 shares of the ride-sharing company’s stock worth $605,000 after buying an additional 875 shares during the period. Empowered Funds LLC raised its holdings in shares of Uber Technologies by 66.0% during the fourth quarter. Empowered Funds LLC now owns 57,877 shares of the ride-sharing company’s stock valued at $3,491,000 after acquiring an additional 23,019 shares during the period. Moloney Securities Asset Management LLC lifted its position in shares of Uber Technologies by 6.8% in the 4th quarter. Moloney Securities Asset Management LLC now owns 26,790 shares of the ride-sharing company’s stock valued at $1,616,000 after acquiring an additional 1,711 shares in the last quarter. Hobart Private Capital LLC boosted its stake in Uber Technologies by 25.5% in the 4th quarter. Hobart Private Capital LLC now owns 4,126 shares of the ride-sharing company’s stock worth $249,000 after purchasing an additional 839 shares during the period. Finally, Advisory Resource Group grew its position in Uber Technologies by 20.3% during the 4th quarter. Advisory Resource Group now owns 16,829 shares of the ride-sharing company’s stock worth $1,015,000 after purchasing an additional 2,836 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $74.76 on Friday. The firm has a fifty day moving average price of $65.34 and a two-hundred day moving average price of $70.12. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The company has a market cap of $157.43 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 0.81 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results 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 return on equity of 62.60% and a net margin of 22.41%. Analysts expect that Uber Technologies, Inc. will post 2.4 EPS for the current year.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the sale, the insider now directly owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.84% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on UBER. Citigroup reduced their target price on Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a report on Thursday. Loop Capital lifted their target price on shares of Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Bank of America boosted their price target on shares of Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Tigress Financial lifted their price objective on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, Piper Sandler dropped their target price on Uber Technologies from $82.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday. Seven investment analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $90.70.

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.