Sapient Capital LLC Invests $1.94 Million in Uber Technologies, Inc. (NYSE:UBER)

Sapient Capital LLC purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 31,456 shares of the ride-sharing company’s stock, valued at approximately $1,937,000.

A number of other institutional investors also recently bought and sold shares of UBER. Drive Wealth Management LLC grew its stake in shares of Uber Technologies by 3.6% in the 4th quarter. Drive Wealth Management LLC now owns 4,691 shares of the ride-sharing company’s stock worth $289,000 after buying an additional 163 shares during the last quarter. Blue Bell Private Wealth Management LLC raised its position in shares of Uber Technologies by 49.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 174 shares during the last quarter. Cigna Investments Inc. New raised its holdings in shares of Uber Technologies by 0.9% during the fourth quarter. Cigna Investments Inc. New now owns 20,743 shares of the ride-sharing company’s stock valued at $1,277,000 after purchasing an additional 178 shares during the last quarter. Procyon Advisors LLC lifted its position in Uber Technologies by 3.6% during the fourth quarter. Procyon Advisors LLC now owns 5,258 shares of the ride-sharing company’s stock valued at $324,000 after purchasing an additional 182 shares during the period. Finally, Harbour Capital Advisors LLC boosted its holdings in Uber Technologies by 2.1% in the fourth quarter. Harbour Capital Advisors LLC now owns 9,920 shares of the ride-sharing company’s stock worth $578,000 after purchasing an additional 200 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Tony West sold 18,750 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the transaction, the insider now owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the sale, the insider now owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tony West sold 18,750 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the transaction, the insider now directly owns 185,566 shares in the company, valued at approximately $13,004,465.28. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

UBER has been the topic of several research analyst reports. Piper Sandler increased their price target on Uber Technologies from $78.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, March 15th. BTIG Research boosted their target price on shares of Uber Technologies from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $85.00 price target on shares of Uber Technologies in a research report on Thursday, February 15th. Oppenheimer reissued an “outperform” rating and set a $90.00 price objective on shares of Uber Technologies in a research report on Monday, April 29th. Finally, Mizuho lifted their target price on Uber Technologies from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Two research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $81.65.

Uber Technologies Price Performance

Shares of NYSE UBER traded up $0.66 during mid-day trading on Friday, hitting $69.23. 15,557,671 shares of the company’s stock traded hands, compared to its average volume of 18,839,496. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19. Uber Technologies, Inc. has a 1 year low of $36.69 and a 1 year high of $82.14. The company’s 50-day moving average is $75.33 and its two-hundred day moving average is $65.13. The company has a market capitalization of $144.09 billion, a P/E ratio of 80.50, a PEG ratio of 1.08 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.50. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The company had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.76 billion. During the same period last year, the company earned $0.29 earnings per share. Uber Technologies’s revenue was up 15.4% on a year-over-year basis. On average, equities analysts anticipate that Uber Technologies, Inc. will post 1.23 EPS 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.