Cornerstone Advisors LLC Buys 12,600 Shares of Uber Technologies, Inc. (NYSE:UBER)

Cornerstone Advisors LLC raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 82.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,900 shares of the ride-sharing company’s stock after acquiring an additional 12,600 shares during the period. Cornerstone Advisors LLC’s holdings in Uber Technologies were worth $1,683,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Teachers Retirement System of The State of Kentucky increased its holdings in Uber Technologies by 4.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock worth $24,180,000 after acquiring an additional 13,433 shares during the last quarter. Aviso Wealth Management purchased a new position in Uber Technologies during the 3rd quarter valued at about $2,302,000. Polianta Ltd purchased a new position in Uber Technologies during the 4th quarter valued at about $1,206,000. Allworth Financial LP grew its holdings in Uber Technologies by 8.9% during the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock valued at $1,229,000 after buying an additional 1,663 shares in the last quarter. Finally, Brophy Wealth Management LLC purchased a new position in Uber Technologies during the 3rd quarter valued at about $1,041,000. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Stock Performance

NYSE UBER opened at $73.00 on Tuesday. The business’s 50 day moving average is $71.16 and its two-hundred day moving average is $71.61. The stock has a market capitalization of $152.51 billion, a price-to-earnings ratio of 16.01, 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, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) 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%. Research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 86,973 shares of the company’s stock, valued at $7,046,552.46. This represents a 26.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on UBER shares. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. Wolfe Research lifted their target price on Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. JMP Securities reiterated a “market perform” rating on shares of Uber Technologies in a research report on Thursday, February 6th. Arete Research upgraded Uber Technologies to a “hold” rating in a research report on Tuesday, February 18th. Finally, Tigress Financial lifted their price target on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Eight equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $90.71.

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.