Amalgamated Bank Has $31.14 Million Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Amalgamated Bank lifted its stake in Uber Technologies, Inc. (NYSE:UBER) by 147.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 505,737 shares of the ride-sharing company’s stock after purchasing an additional 301,662 shares during the period. Amalgamated Bank’s holdings in Uber Technologies were worth $31,138,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. CVA Family Office LLC bought a new stake in shares of Uber Technologies in the 4th quarter valued at $30,000. Highlander Capital Management LLC raised its position in shares of Uber Technologies by 100.0% during the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after purchasing an additional 250 shares during the period. Bfsg LLC bought a new position in shares of Uber Technologies during the 4th quarter valued at about $31,000. Blue Bell Private Wealth Management LLC lifted its holdings in shares of Uber Technologies by 49.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock valued at $32,000 after purchasing an additional 174 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group grew its position in shares of Uber Technologies by 82.9% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 578 shares of the ride-sharing company’s stock valued at $36,000 after purchasing an additional 262 shares during the period. Institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on UBER. Bank of America increased their target price on Uber Technologies from $68.00 to $73.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Susquehanna boosted their target price on Uber Technologies from $60.00 to $85.00 and gave the company a “positive” rating in a research note on Thursday, February 8th. Barclays raised their price target on shares of Uber Technologies from $63.00 to $86.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Oppenheimer reiterated an “outperform” rating and issued a $90.00 price objective on shares of Uber Technologies in a report on Monday. Finally, BTIG Research raised their target price on shares of Uber Technologies from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Two research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $79.39.

Uber Technologies Price Performance

Shares of NYSE UBER traded up $0.78 during midday trading on Thursday, reaching $68.57. 18,140,354 shares of the company were exchanged, compared to its average volume of 19,762,561. Uber Technologies, Inc. has a one year low of $36.35 and a one year high of $82.14. The stock has a market cap of $142.72 billion, a P/E ratio of 79.53, a PEG ratio of 1.04 and a beta of 1.39. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. The stock’s 50-day moving average price is $75.70 and its 200-day moving average price is $64.93.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data 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 business had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.76 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the business earned $0.29 EPS. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 1.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Tony West sold 18,750 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was 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 approximately $13,004,465.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Jill Hazelbaker sold 20,000 shares of the business’s 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 sale, the insider now owns 107,290 shares in the company, valued at $8,350,380.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Tony West sold 18,750 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the transaction, the insider now owns 185,566 shares in the company, 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 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.