Cornerstone Capital Inc. Has $21.08 Million Holdings in Uber Technologies, Inc. (NYSE:UBER)

Cornerstone Capital Inc. lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 342,445 shares of the ride-sharing company’s stock after purchasing an additional 8,909 shares during the quarter. Uber Technologies makes up about 2.3% of Cornerstone Capital Inc.’s investment portfolio, making the stock its 16th largest position. Cornerstone Capital Inc.’s holdings in Uber Technologies were worth $21,084,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Markel Group Inc. grew its holdings in shares of Uber Technologies by 114.3% during the 4th quarter. Markel Group Inc. now owns 45,000 shares of the ride-sharing company’s stock worth $2,771,000 after purchasing an additional 24,000 shares in the last quarter. Kovack Advisors Inc. grew its holdings in shares of Uber Technologies by 24.2% during the 4th quarter. Kovack Advisors Inc. now owns 40,002 shares of the ride-sharing company’s stock worth $2,463,000 after purchasing an additional 7,790 shares in the last quarter. K.J. Harrison & Partners Inc grew its holdings in shares of Uber Technologies by 35.0% during the 4th quarter. K.J. Harrison & Partners Inc now owns 81,000 shares of the ride-sharing company’s stock worth $4,987,000 after purchasing an additional 21,000 shares in the last quarter. Herold Advisors Inc. acquired a new stake in shares of Uber Technologies during the 4th quarter worth approximately $225,000. Finally, AM Investment Strategies LLC acquired a new stake in shares of Uber Technologies during the 4th quarter worth approximately $246,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 20,000 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was 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 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 can be accessed through this link. In related news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was 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 of the company’s stock, valued at $8,350,380.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tony West sold 18,750 shares of the 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 transaction, the insider now directly owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The disclosure for this sale can be found here. 3.84% of the stock is owned by insiders.

Uber Technologies Trading Down 0.4 %

NYSE UBER opened at $69.05 on Friday. The stock has a 50-day simple moving average of $76.30 and a 200 day simple moving average of $64.48. The company has a market capitalization of $143.72 billion, a PE ratio of 80.29, 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 12 month low of $29.22 and a 12 month high of $82.14.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.50. The firm had revenue of $9.94 billion during the quarter, compared to analysts’ expectations of $9.76 billion. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The company’s revenue was up 15.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.29 earnings per share. Research analysts forecast that Uber Technologies, Inc. will post 1.22 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on UBER. KeyCorp boosted their price target on Uber Technologies from $79.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Jefferies Financial Group boosted their price target on Uber Technologies from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, April 5th. The Goldman Sachs Group boosted their price target on Uber Technologies from $59.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. TheStreet raised Uber Technologies from a “c” rating to a “b-” rating in a research note on Wednesday, February 7th. Finally, JPMorgan Chase & Co. boosted their price target on Uber Technologies from $84.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.94.

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.