Montrusco Bolton Investments Inc. Takes $166.07 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Montrusco Bolton Investments Inc. purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 2,845,296 shares of the ride-sharing company’s stock, valued at approximately $166,072,000. Uber Technologies makes up 2.0% of Montrusco Bolton Investments Inc.’s investment portfolio, making the stock its 19th largest position.

Other large investors also recently added to or reduced their stakes in the company. Ascent Wealth Partners LLC purchased a new stake in Uber Technologies during the 3rd quarter valued at about $2,087,000. Teachers Retirement System of The State of Kentucky raised its position in shares of Uber Technologies by 4.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock worth $24,180,000 after purchasing an additional 13,433 shares during the last quarter. Aviso Wealth Management purchased a new stake in shares of Uber Technologies during the third quarter valued at $2,302,000. Polianta Ltd purchased a new position in shares of Uber Technologies in the 4th quarter worth $1,206,000. Finally, Brophy Wealth Management LLC bought a new position in Uber Technologies in the 3rd quarter worth $1,041,000. Institutional investors own 80.24% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the transaction, the insider now directly owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.84% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Truist Financial reduced their price target on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, November 1st. UBS Group lifted their price target on Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Benchmark restated a “hold” rating on shares of Uber Technologies in a research report on Friday, November 1st. BMO Capital Markets reissued an “outperform” rating and set a $92.00 target price on shares of Uber Technologies in a research report on Friday, October 11th. Finally, Tigress Financial lifted their price target on shares of Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Seven investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $91.08.

Uber Technologies Price Performance

UBER stock opened at $68.08 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The company’s 50-day moving average is $65.83 and its 200-day moving average is $70.19. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The stock has a market capitalization of $143.35 billion, a PE ratio of 33.87, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same period in the prior year, the firm earned $0.10 EPS. The company’s revenue was up 20.4% compared to the same quarter last year. Equities research analysts expect that Uber Technologies, Inc. will post 1.86 EPS for the current fiscal year.

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.