Samalin Investment Counsel LLC Acquires New Stake in Uber Technologies Inc (NYSE:UBER)

Samalin Investment Counsel LLC acquired a new stake in Uber Technologies Inc (NYSE:UBER) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,049 shares of the ride-sharing company’s stock, valued at approximately $60,000.

A number of other institutional investors have also recently bought and sold shares of UBER. CWM LLC bought a new stake in shares of Uber Technologies during the third quarter valued at approximately $25,000. Farmers & Merchants Investments Inc. bought a new position in Uber Technologies during the 3rd quarter valued at about $30,000. Nisa Investment Advisors LLC bought a new position in Uber Technologies during the 3rd quarter valued at about $30,000. Atticus Wealth Management LLC bought a new position in Uber Technologies during the 4th quarter valued at about $30,000. Finally, Evoke Wealth LLC bought a new position in Uber Technologies during the 3rd quarter valued at about $32,000. Institutional investors and hedge funds own 45.26% of the company’s stock.

Several brokerages recently commented on UBER. Evercore ISI began coverage on shares of Uber Technologies in a report on Friday, February 7th. They set a “buy” rating and a $60.00 price target on the stock. Stifel Nicolaus upped their target price on shares of Uber Technologies from $40.00 to $44.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Sanford C. Bernstein assumed coverage on shares of Uber Technologies in a research note on Thursday, January 9th. They issued an “outperform” rating and a $40.00 target price on the stock. Raymond James restated a “buy” rating and issued a $54.00 target price on shares of Uber Technologies in a research note on Monday, December 16th. Finally, Goldman Sachs Group upped their target price on shares of Uber Technologies from $44.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Ten analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the stock. Uber Technologies presently has a consensus rating of “Buy” and an average price target of $48.96.

In related news, CTO Thuan Pham sold 40,000 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $40.01, for a total value of $1,600,400.00. Following the sale, the chief technology officer now directly owns 4,539,729 shares of the company’s stock, valued at approximately $181,634,557.29. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Manik Gupta sold 1,657 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $27.04, for a total transaction of $44,805.28. Following the completion of the sale, the insider now directly owns 453,443 shares in the company, valued at $12,261,098.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,036,326 shares of company stock worth $1,132,372,263.

Shares of NYSE:UBER traded down $1.01 on Friday, reaching $39.08. 20,184,615 shares of the company were exchanged, compared to its average volume of 31,210,299. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.46. Uber Technologies Inc has a 1-year low of $25.58 and a 1-year high of $47.08. The firm has a market cap of $68.25 billion and a price-to-earnings ratio of -4.71. The company has a 50-day moving average of $35.24 and a 200-day moving average of $32.84.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Thursday, February 6th. The ride-sharing company reported ($0.64) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.68) by $0.04. Uber Technologies had a negative net margin of 60.13% and a negative return on equity of 109.84%. The business had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.06 billion. The firm’s revenue for the quarter was up 36.8% on a year-over-year basis. As a group, analysts forecast that Uber Technologies Inc will post -2.28 earnings per share for the current year.

Uber Technologies Company Profile

Uber Technologies, Inc develops and supports proprietary technology applications that enable independent providers of ridesharing, and meal preparation and delivery services to transact with end-users worldwide. The company operates in two segments, Core Platform and Other Bets. Its driver partners provide ridesharing services through a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis, as well as based on the number of riders under the UberBLACK, UberX, UberPOOL, Express POOL, and Uber Bus names; and restaurant and delivery partners provide meal preparation and delivery services under the Uber Eats name.

See Also: Most Volatile Stocks – What Investors Need to Know to Maximize ROI

Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies Inc (NYSE:UBER).

Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

Receive News & Ratings for Uber Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uber Technologies and related companies with MarketBeat.com's FREE daily email newsletter.