Weik Capital Management Invests $645,000 in Uber Technologies, Inc. (NYSE:UBER)

Weik Capital Management purchased a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,685 shares of the ride-sharing company's stock, valued at approximately $645,000.

Several other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Uber Technologies during the 4th quarter valued at about $1,467,754,000. Jennison Associates LLC increased its position in Uber Technologies by 36.9% in the fourth quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock worth $1,596,086,000 after purchasing an additional 7,137,512 shares during the period. Boston Partners bought a new stake in shares of Uber Technologies during the fourth quarter worth approximately $381,057,000. Assenagon Asset Management S.A. raised its position in shares of Uber Technologies by 670.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company's stock valued at $398,809,000 after acquiring an additional 5,753,637 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. acquired a new position in Uber Technologies in the fourth quarter valued at about $166,072,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on UBER. Needham & Company LLC reissued a "buy" rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, February 5th. JPMorgan Chase & Co. cut their price objective on Uber Technologies from $95.00 to $90.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Evercore ISI lowered their price target on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. Fox Advisors downgraded shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. Finally, Citizens Jmp lowered Uber Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $90.31.

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Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction that occurred 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 sale, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Nikki Krishnamurthy sold 20,000 shares of Uber Technologies stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $71.57, for a total value of $1,431,400.00. Following the transaction, the senior vice president now owns 361,908 shares of the company's stock, valued at $25,901,755.56. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 77,154 shares of company stock valued at $5,793,869. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Trading Down 2.9 %

Shares of UBER stock traded down $2.15 during trading on Friday, hitting $72.71. 11,255,568 shares of the stock traded hands, compared to its average volume of 20,097,389. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The firm's fifty day moving average price is $73.44 and its 200-day moving average price is $71.75. The firm has a market capitalization of $152.09 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) 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%. As a group, research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share 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.