Plato Investment Management Ltd Has $2.63 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Plato Investment Management Ltd lifted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 14.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 43,362 shares of the ride-sharing company’s stock after purchasing an additional 5,594 shares during the quarter. Plato Investment Management Ltd’s holdings in Uber Technologies were worth $2,625,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC boosted its position in Uber Technologies by 11.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 16,693 shares of the ride-sharing company’s stock worth $1,255,000 after acquiring an additional 1,724 shares during the last quarter. Optas LLC acquired a new position in Uber Technologies during the 3rd quarter worth approximately $355,000. Private Wealth Partners LLC acquired a new position in Uber Technologies during the 3rd quarter worth approximately $258,000. Emerald Mutual Fund Advisers Trust boosted its position in Uber Technologies by 35.1% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 3,312 shares of the ride-sharing company’s stock worth $249,000 after acquiring an additional 860 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in Uber Technologies by 10.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 820,745 shares of the ride-sharing company’s stock worth $61,687,000 after acquiring an additional 79,632 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Up 2.5 %

UBER stock opened at $76.07 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The stock has a market capitalization of $158.90 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 0.89 and a beta of 1.39. The business’s fifty day moving average price is $69.53 and its two-hundred day moving average price is $71.53. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. On average, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction on 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 transaction, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.84% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wolfe Research upped their price target on Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Evercore ISI dropped their price objective on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Citigroup dropped their price objective on Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. The Goldman Sachs Group reiterated a “buy” rating and set a $96.00 price objective on shares of Uber Technologies in a research note on Thursday, January 2nd. Finally, UBS Group reiterated a “buy” rating on shares of Uber Technologies in a research note on Friday, February 21st. Eight research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $90.94.

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.