Mitchell Mcleod Pugh & Williams Inc. Purchases 4,067 Shares of Uber Technologies, Inc. (NYSE:UBER)

Mitchell Mcleod Pugh & Williams Inc. raised its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 71.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,720 shares of the ride-sharing company's stock after buying an additional 4,067 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.'s holdings in Uber Technologies were worth $586,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its stake in shares of Uber Technologies by 670.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company's stock worth $398,809,000 after buying an additional 5,753,637 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Uber Technologies by 36.5% in the second quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company's stock valued at $864,390,000 after buying an additional 3,179,308 shares during the period. Edgewood Management LLC raised its holdings in Uber Technologies by 10.5% in the 3rd quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company's stock valued at $2,070,813,000 after buying an additional 2,627,768 shares during the last quarter. AMF Tjanstepension AB bought a new stake in Uber Technologies during the 3rd quarter worth approximately $163,468,000. Finally, Nordea Investment Management AB increased its position in Uber Technologies by 1,370.1% in the 4th quarter. Nordea Investment Management AB now owns 2,215,053 shares of the ride-sharing company's stock valued at $134,144,000 after acquiring an additional 2,064,382 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on UBER shares. Daiwa Capital Markets downgraded Uber Technologies from an "outperform" rating to a "neutral" rating and set a $84.00 price objective for the company. in a report on Thursday, October 17th. Benchmark reissued a "hold" rating on shares of Uber Technologies in a research note on Friday, November 1st. UBS Group lifted their price objective on Uber Technologies from $102.00 to $114.00 and gave the stock a "buy" rating in a research note on Friday, October 18th. Evercore ISI increased their target price on shares of Uber Technologies from $90.00 to $120.00 and gave the company an "outperform" rating in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and issued a $96.00 price objective on shares of Uber Technologies in a research note on Thursday, January 2nd. Seven investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $91.53.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the sale, the insider now directly owns 107,289 shares of the company's stock, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.80% of the company's stock.

Uber Technologies Stock Performance

Shares of UBER traded down $1.28 during mid-day trading on Monday, hitting $67.30. The stock had a trading volume of 27,057,083 shares, compared to its average volume of 22,576,684. The firm has a market cap of $141.71 billion, a P/E ratio of 33.48, 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 debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The business has a fifty day moving average price of $66.24 and a 200-day moving average price of $70.36.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm had revenue of $11.19 billion for the quarter, compared to analysts' expectations of $10.99 billion. During the same period in the prior year, the business posted $0.10 earnings per share. The company's revenue was up 20.4% on a year-over-year basis. On average, equities research analysts expect that Uber Technologies, Inc. will post 1.9 EPS for the current 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.