Horizon Investments LLC Acquires 20,987 Shares of Uber Technologies, Inc. (NYSE:UBER)

Horizon Investments LLC lifted its stake in Uber Technologies, Inc. (NYSE:UBER) by 36.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,484 shares of the ride-sharing company’s stock after acquiring an additional 20,987 shares during the period. Horizon Investments LLC’s holdings in Uber Technologies were worth $4,734,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in UBER. Advisors Asset Management Inc. increased its holdings in Uber Technologies by 18.9% during the 4th quarter. Advisors Asset Management Inc. now owns 153,283 shares of the ride-sharing company’s stock worth $9,246,000 after acquiring an additional 24,354 shares during the period. Retirement Planning Co of New England Inc. bought a new position in shares of Uber Technologies in the fourth quarter worth $218,000. Primecap Management Co. CA raised its position in shares of Uber Technologies by 3.5% in the fourth quarter. Primecap Management Co. CA now owns 1,376,200 shares of the ride-sharing company’s stock worth $83,012,000 after buying an additional 46,500 shares in the last quarter. Flagship Wealth Advisors LLC bought a new stake in Uber Technologies during the fourth quarter valued at $86,000. Finally, Kimelman & Baird LLC grew its position in Uber Technologies by 0.9% during the fourth quarter. Kimelman & Baird LLC now owns 334,034 shares of the ride-sharing company’s stock worth $20,149,000 after buying an additional 3,081 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies Trading Up 1.6 %

NYSE:UBER opened at $72.71 on Tuesday. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The company’s 50-day simple moving average is $71.98 and its 200 day simple moving average is $71.56. The firm has a market capitalization of $151.89 billion, a P/E ratio of 15.95, a PEG 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) last posted its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share 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, analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tony West sold 23,404 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the transaction, the insider now directly owns 114,241 shares of the company’s stock, valued at approximately $8,027,715.07. This trade represents a 17.00 % decrease in their position. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by insiders.

Analyst Ratings Changes

UBER has been the subject of a number of research analyst reports. Truist Financial lifted their price target on Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, March 6th. Evercore ISI cut their price target on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. Benchmark restated a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. Citigroup cut their target price on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Finally, Piper Sandler restated an “overweight” rating and issued a $87.00 target price (up previously from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average price target of $90.31.

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.