Carnegie Investment Counsel Raises Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Carnegie Investment Counsel grew its holdings in Uber Technologies, Inc. (NYSE:UBER) by 1,955.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 202,996 shares of the ride-sharing company’s stock after purchasing an additional 193,118 shares during the quarter. Carnegie Investment Counsel’s holdings in Uber Technologies were worth $12,245,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Beech Hill Advisors Inc. raised its stake in shares of Uber Technologies by 1.5% in the fourth quarter. Beech Hill Advisors Inc. now owns 107,750 shares of the ride-sharing company’s stock valued at $6,499,000 after acquiring an additional 1,626 shares in the last quarter. Sanders Morris Harris LLC purchased a new stake in Uber Technologies during the 4th quarter worth about $1,437,000. Mirador Capital Partners LP raised its position in Uber Technologies by 40.4% in the 4th quarter. Mirador Capital Partners LP now owns 85,214 shares of the ride-sharing company’s stock valued at $5,140,000 after purchasing an additional 24,520 shares in the last quarter. StrongBox Wealth LLC boosted its stake in shares of Uber Technologies by 50.2% in the 4th quarter. StrongBox Wealth LLC now owns 4,809 shares of the ride-sharing company’s stock valued at $290,000 after buying an additional 1,608 shares during the period. Finally, Smith Thornton Advisors LLC acquired a new position in shares of Uber Technologies during the fourth quarter worth about $355,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. JMP Securities downgraded shares of Uber Technologies from an “outperform” rating to a “market perform” rating and set a $95.00 price target for the company. in a research note on Thursday, January 2nd. BMO Capital Markets reiterated an “outperform” rating and set a $92.00 target price on shares of Uber Technologies in a research note on Friday, October 11th. Daiwa America cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Daiwa Capital Markets cut Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective for the company. in a research report on Thursday, October 17th. Finally, Oppenheimer raised their target price on Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. Seven investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $91.53.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $68.58 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The company has a market cap of $144.41 billion, a P/E ratio of 34.12, a PEG ratio of 0.71 and a beta of 1.36. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The company has a 50-day moving average price of $66.34 and a 200 day moving average price of $70.39.

Uber Technologies (NYSE:UBER) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.79. The company had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.10 EPS. Research analysts predict that Uber Technologies, Inc. will post 1.9 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following 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 filing with the SEC, which can be accessed through this link. 3.80% of the stock is owned by corporate insiders.

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.