Fernwood Investment Management LLC Invests $255,000 in Uber Technologies, Inc. (NYSE:UBER)

Fernwood Investment Management LLC purchased a new stake in Uber Technologies, Inc. (NYSE:UBER) during the 4th quarter, Holdings Channel.com reports. The fund purchased 4,190 shares of the ride-sharing company’s stock, valued at approximately $255,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Uber Technologies by 1.7% in the third quarter. Vanguard Group Inc. now owns 124,353,537 shares of the ride-sharing company’s stock worth $5,719,019,000 after buying an additional 2,067,098 shares during the period. Brown Advisory Inc. grew its position in Uber Technologies by 1,108.6% in the third quarter. Brown Advisory Inc. now owns 15,683,867 shares of the ride-sharing company’s stock valued at $721,301,000 after acquiring an additional 14,386,205 shares in the last quarter. Northern Trust Corp raised its stake in shares of Uber Technologies by 2.9% during the third quarter. Northern Trust Corp now owns 12,356,034 shares of the ride-sharing company’s stock valued at $568,254,000 after purchasing an additional 351,575 shares during the period. Winslow Capital Management LLC lifted its position in shares of Uber Technologies by 33.6% during the third quarter. Winslow Capital Management LLC now owns 9,062,836 shares of the ride-sharing company’s stock worth $416,800,000 after purchasing an additional 2,278,252 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new position in shares of Uber Technologies in the third quarter valued at $272,625,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Price Performance

Shares of NYSE UBER traded up $0.56 during mid-day trading on Tuesday, reaching $67.96. The company had a trading volume of 5,499,044 shares, compared to its average volume of 19,552,668. The company has a 50-day moving average price of $76.08 and a two-hundred day moving average price of $64.75. The stock has a market cap of $141.45 billion, a PE ratio of 78.38, a P/E/G ratio of 1.09 and a beta of 1.36. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79. Uber Technologies, Inc. has a 1-year low of $31.76 and a 1-year high of $82.14.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, topping the consensus estimate 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 business’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same period last year, the company posted $0.29 earnings per share. On average, equities analysts anticipate that Uber Technologies, Inc. will post 1.22 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on UBER. Bank of America upped their price objective on shares of Uber Technologies from $68.00 to $73.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Moffett Nathanson reiterated a “buy” rating and set a $92.00 price objective on shares of Uber Technologies in a research note on Thursday, April 11th. Citigroup boosted their target price on shares of Uber Technologies from $83.00 to $91.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Roth Mkm increased their price target on shares of Uber Technologies from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $85.00 target price on shares of Uber Technologies in a report on Thursday, March 28th. Two analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.39.

Insider Buying and Selling at Uber Technologies

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

Uber Technologies Company 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.