Callan Family Office LLC Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

Callan Family Office LLC acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 17,456 shares of the ride-sharing company’s stock, valued at approximately $1,053,000.

A number of other large investors also recently made changes to their positions in UBER. Fiera Capital Corp increased its stake in Uber Technologies by 9.1% during the 3rd quarter. Fiera Capital Corp now owns 97,912 shares of the ride-sharing company’s stock worth $7,359,000 after acquiring an additional 8,200 shares during the period. Leavell Investment Management Inc. grew its holdings in shares of Uber Technologies by 42.2% during the 3rd quarter. Leavell Investment Management Inc. now owns 20,748 shares of the ride-sharing company’s stock worth $1,559,000 after purchasing an additional 6,155 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc increased its position in shares of Uber Technologies by 1.0% in the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 353,448 shares of the ride-sharing company’s stock worth $26,572,000 after purchasing an additional 3,570 shares during the period. CWA Asset Management Group LLC acquired a new position in Uber Technologies in the third quarter valued at about $586,000. Finally, Galvin Gaustad & Stein LLC raised its stake in Uber Technologies by 1,292.5% in the third quarter. Galvin Gaustad & Stein LLC now owns 221,108 shares of the ride-sharing company’s stock valued at $16,618,000 after purchasing an additional 205,229 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER stock opened at $76.38 on Friday. The firm has a 50 day moving average of $70.92 and a 200-day moving average of $71.63. The company has a market cap of $159.55 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00.

Uber Technologies (NYSE:UBER) last posted 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 net margin of 22.41% and a return on equity of 62.60%. On average, equities analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Activity

In related news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the sale, the insider now owns 86,973 shares of the company’s stock, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.84% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on UBER shares. JPMorgan Chase & Co. decreased their target price on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Arete Research upgraded Uber Technologies to a “hold” rating in a research note on Tuesday, February 18th. The Goldman Sachs Group reissued a “buy” rating and set a $96.00 price target on shares of Uber Technologies in a report on Thursday, January 2nd. Wolfe Research raised their price objective on Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Finally, UBS Group reissued a “buy” rating on shares of Uber Technologies in a research note on Friday, February 21st. Eight investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.71.

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.