Brown Brothers Harriman & Co. Acquires 756 Shares of Uber Technologies, Inc. (NYSE:UBER)

Brown Brothers Harriman & Co. boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 20.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,369 shares of the ride-sharing company’s stock after acquiring an additional 756 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Uber Technologies were worth $264,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Glenmede Trust Co. NA lifted its holdings in Uber Technologies by 29.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 24,941 shares of the ride-sharing company’s stock worth $1,875,000 after buying an additional 5,684 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of Uber Technologies during the third quarter valued at $760,000. Kestra Investment Management LLC bought a new position in Uber Technologies in the third quarter valued at about $392,000. Benjamin Edwards Inc. increased its position in Uber Technologies by 4,968.4% in the third quarter. Benjamin Edwards Inc. now owns 37,506 shares of the ride-sharing company’s stock worth $2,819,000 after purchasing an additional 36,766 shares during the period. Finally, Ascent Group LLC raised its holdings in Uber Technologies by 5.1% during the 3rd quarter. Ascent Group LLC now owns 21,702 shares of the ride-sharing company’s stock worth $1,631,000 after purchasing an additional 1,048 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the sale, the chief financial officer now owns 22,162 shares of the company’s stock, valued at $1,662,150. This trade represents a 11.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the transaction, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,154 shares of company stock worth $5,793,869. Company insiders own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on UBER. JMP Securities reaffirmed a “market perform” rating on shares of Uber Technologies in a research note on Thursday, February 6th. DA Davidson lowered their target price on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Benchmark reissued a “hold” rating on shares of Uber Technologies in a research note on Friday, January 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company cut their target price on Uber Technologies from $90.00 to $87.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and an average target price of $90.31.

Uber Technologies Price Performance

NYSE:UBER opened at $72.92 on Tuesday. The stock has a market capitalization of $152.53 billion, a PE ratio of 15.99, a P/E/G ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The firm has a fifty day simple moving average of $73.55 and a 200 day simple moving average of $71.80. 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 announced its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. On average, research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal 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.