Chicago Partners Investment Group LLC Raises Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Chicago Partners Investment Group LLC grew its position in Uber Technologies, Inc. (NYSE:UBER) by 22.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,610 shares of the ride-sharing company’s stock after purchasing an additional 2,125 shares during the period. Chicago Partners Investment Group LLC’s holdings in Uber Technologies were worth $754,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in UBER. AMF Tjanstepension AB purchased a new stake in Uber Technologies in the 3rd quarter valued at about $163,468,000. Czech National Bank raised its stake in shares of Uber Technologies by 7.5% in the 3rd quarter. Czech National Bank now owns 427,983 shares of the ride-sharing company’s stock valued at $32,167,000 after acquiring an additional 29,806 shares during the period. Harbor Investment Advisory LLC raised its stake in shares of Uber Technologies by 42.8% in the 3rd quarter. Harbor Investment Advisory LLC now owns 16,865 shares of the ride-sharing company’s stock valued at $1,268,000 after acquiring an additional 5,051 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Uber Technologies by 12.1% in the 3rd quarter. GAMMA Investing LLC now owns 10,008 shares of the ride-sharing company’s stock worth $752,000 after acquiring an additional 1,082 shares during the last quarter. Finally, Herbst Group LLC boosted its position in shares of Uber Technologies by 46.6% during the 3rd quarter. Herbst Group LLC now owns 22,100 shares of the ride-sharing company’s stock worth $1,661,000 after purchasing an additional 7,025 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Royal Bank of Canada upped their price target on Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. JMP Securities restated a “market perform” rating on shares of Uber Technologies in a report on Friday. UBS Group increased their price target on shares of Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Cantor Fitzgerald lifted their price objective on shares of Uber Technologies from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. Finally, Wells Fargo & Company reduced their target price on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.08.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the transaction, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

Shares of UBER opened at $66.86 on Monday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The firm has a 50-day simple moving average of $65.61 and a 200-day simple moving average of $70.08. The company has a market capitalization of $140.79 billion, a price-to-earnings ratio of 33.26, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. The company had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. During the same period last year, the firm earned $0.10 EPS. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 1.85 earnings per share for the current year.

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.