5,054 Shares in Uber Technologies, Inc. (NYSE:UBER) Acquired by Machina Capital S.A.S.

Machina Capital S.A.S. bought a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,054 shares of the ride-sharing company’s stock, valued at approximately $311,000.

Other hedge funds have also made changes to their positions in the company. Drive Wealth Management LLC boosted its position in Uber Technologies by 3.6% during the 4th quarter. Drive Wealth Management LLC now owns 4,691 shares of the ride-sharing company’s stock valued at $289,000 after acquiring an additional 163 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its stake in Uber Technologies by 49.7% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock valued at $32,000 after purchasing an additional 174 shares during the last quarter. Cigna Investments Inc. New grew its stake in Uber Technologies by 0.9% in 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 raised its holdings in Uber Technologies by 3.6% in the fourth quarter. Procyon Advisors LLC now owns 5,258 shares of the ride-sharing company’s stock worth $324,000 after purchasing an additional 182 shares in the last quarter. Finally, Harbour Capital Advisors LLC lifted its position in shares of Uber Technologies by 2.1% during the fourth quarter. Harbour Capital Advisors LLC now owns 9,920 shares of the ride-sharing company’s stock valued at $578,000 after buying an additional 200 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Stock Performance

Shares of NYSE:UBER traded down $1.08 during trading on Tuesday, hitting $70.43. 23,981,498 shares of the stock traded hands, compared to its average volume of 19,821,947. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. The company has a fifty day moving average price of $75.19 and a two-hundred day moving average price of $65.63. Uber Technologies, Inc. has a 52-week low of $37.07 and a 52-week high of $82.14. The company has a market cap of $146.59 billion, a price-to-earnings ratio of 83.17, a P/E/G ratio of 1.09 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.50. The company had revenue of $9.94 billion during the quarter, compared to analysts’ expectations of $9.76 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.29 earnings per share. As a group, equities analysts predict that Uber Technologies, Inc. will post 1.23 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on UBER. TheStreet upgraded shares of Uber Technologies from a “c” rating to a “b-” rating in a research note on Wednesday, February 7th. Piper Sandler raised their price objective on Uber Technologies from $78.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. JMP Securities reaffirmed a “market outperform” rating and set a $85.00 target price on shares of Uber Technologies in a research report on Thursday, March 28th. Argus raised their price target on Uber Technologies from $69.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Finally, Citigroup upped their price objective on shares of Uber Technologies from $83.00 to $91.00 and gave the company a “buy” rating in a report on Friday, February 16th. Two investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $81.65.

Insider Activity at Uber Technologies

In related news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction on Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the sale, the insider now owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Tony West sold 18,750 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the transaction, the insider now owns 185,566 shares in the company, valued at approximately $13,004,465.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 107,290 shares in the company, valued at $8,350,380.70. The disclosure for this sale can be found here. 3.80% of the stock is owned by company insiders.

About Uber Technologies

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.