Douglass Winthrop Advisors LLC Has $135.85 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Douglass Winthrop Advisors LLC grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 7.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,252,068 shares of the ride-sharing company's stock after buying an additional 160,280 shares during the period. Uber Technologies accounts for approximately 2.6% of Douglass Winthrop Advisors LLC's holdings, making the stock its 11th biggest holding. Douglass Winthrop Advisors LLC owned approximately 0.11% of Uber Technologies worth $135,845,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. lifted its position in Uber Technologies by 26.7% during the third quarter. PNC Financial Services Group Inc. now owns 326,829 shares of the ride-sharing company's stock valued at $24,564,000 after buying an additional 68,833 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Uber Technologies by 32.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 128,929 shares of the ride-sharing company's stock valued at $9,690,000 after acquiring an additional 31,484 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in Uber Technologies by 11.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 6,290 shares of the ride-sharing company's stock valued at $473,000 after purchasing an additional 649 shares in the last quarter. Ontario Teachers Pension Plan Board purchased a new stake in shares of Uber Technologies in the third quarter worth about $327,000. Finally, Moran Wealth Management LLC raised its holdings in shares of Uber Technologies by 3.2% during the 3rd quarter. Moran Wealth Management LLC now owns 27,970 shares of the ride-sharing company's stock valued at $2,102,000 after buying an additional 871 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the sale, the insider now owns 114,241 shares of the company's stock, valued at $8,027,715.07. This trade represents a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 77,154 shares of company stock valued at $5,793,869 in the last quarter. Company insiders own 3.84% of the company's stock.

Uber Technologies Price Performance

NYSE:UBER traded down $0.92 during trading hours on Tuesday, reaching $75.59. 16,054,128 shares of the company's stock were exchanged, compared to its average volume of 19,651,368. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $157.91 billion, a P/E ratio of 16.58, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The business's 50-day simple moving average is $72.85 and its two-hundred day simple moving average is $71.63.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping 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%. Sell-side analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on UBER shares. Arete Research raised shares of Uber Technologies to a "hold" rating in a research report on Tuesday, February 18th. KGI Securities reiterated a "neutral" rating and set a $78.00 target price on shares of Uber Technologies in a research note on Tuesday, March 11th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $96.00 target price on shares of Uber Technologies in a report on Thursday, January 2nd. Piper Sandler reiterated an "overweight" rating and set a $87.00 target price (up previously from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Uber Technologies from $95.00 to $90.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Ten 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $90.31.

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.