Sienna Gestion Has $9.76 Million Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Sienna Gestion increased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 138.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 161,831 shares of the ride-sharing company’s stock after acquiring an additional 94,007 shares during the quarter. Sienna Gestion’s holdings in Uber Technologies were worth $9,760,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Venturi Wealth Management LLC increased its holdings in shares of Uber Technologies by 40.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,035 shares of the ride-sharing company’s stock valued at $153,000 after purchasing an additional 585 shares during the period. Versor Investments LP acquired a new position in Uber Technologies in the 3rd quarter valued at approximately $676,000. Apollon Wealth Management LLC lifted its position in Uber Technologies by 10.8% in the 3rd quarter. Apollon Wealth Management LLC now owns 22,939 shares of the ride-sharing company’s stock worth $1,724,000 after buying an additional 2,235 shares in the last quarter. Harbour Investments Inc. boosted its stake in shares of Uber Technologies by 3.0% during the 3rd quarter. Harbour Investments Inc. now owns 10,827 shares of the ride-sharing company’s stock valued at $814,000 after buying an additional 318 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of Uber Technologies during the 3rd quarter valued at $683,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on UBER shares. Benchmark reissued a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. Arete Research raised Uber Technologies to a “hold” rating in a research note on Tuesday, February 18th. JMP Securities reaffirmed a “market perform” rating on shares of Uber Technologies in a research report on Thursday, February 6th. KGI Securities reissued a “neutral” rating and issued a $78.00 target price on shares of Uber Technologies in a research report on Tuesday. Finally, Piper Sandler restated an “overweight” rating and set a $87.00 price target (up previously from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.31.

Uber Technologies Trading Down 2.6 %

UBER stock opened at $69.37 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The firm has a market cap of $144.91 billion, a P/E ratio of 15.21, a P/E/G ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The business’s 50 day moving average is $71.71 and its 200-day moving average is $71.57.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating 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%. Equities analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the sale, the insider now directly owns 86,973 shares of the company’s stock, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.84% of the stock is currently owned by corporate insiders.

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.