Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. grew its holdings in Uber Technologies, Inc. (NYSE:UBER) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 180,766,683 shares of the ride-sharing company’s stock after buying an additional 2,364,525 shares during the period. Vanguard Group Inc. owned 8.58% of Uber Technologies worth $10,903,846,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Avion Wealth grew its holdings in shares of Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after purchasing an additional 218 shares during the period. Runnymede Capital Advisors Inc. purchased a new stake in shares of Uber Technologies in the fourth quarter valued at about $28,000. GHP Investment Advisors Inc. grew its holdings in shares of Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 223 shares during the period. Retirement Wealth Solutions LLC purchased a new stake in shares of Uber Technologies in the fourth quarter valued at about $35,000. Finally, Kieckhefer Group LLC purchased a new stake in shares of Uber Technologies in the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on UBER. Evercore ISI dropped their price objective on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Citizens Jmp lowered shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Fox Advisors lowered shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 11th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $80.00 target price on shares of Uber Technologies in a research note on Thursday, February 6th. Finally, Truist Financial increased their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. Ten equities research 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $90.31.

Uber Technologies Stock Performance

NYSE:UBER opened at $75.94 on Friday. The firm’s fifty day moving average price is $72.64 and its 200 day moving average price is $71.59. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. 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 firm has a market cap of $158.65 billion, a price-to-earnings ratio of 16.65, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data 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 net margin of 22.41% and a return on equity of 62.60%. On average, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Tony West sold 23,404 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the sale, the insider now directly owns 114,241 shares in the company, valued at approximately $8,027,715.07. The trade was a 17.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Nikki Krishnamurthy sold 20,000 shares of Uber Technologies stock in a transaction on Friday, March 14th. The stock was sold at an average price of $71.57, for a total value of $1,431,400.00. Following the transaction, the senior vice president now directly owns 361,908 shares of the company’s stock, valued at $25,901,755.56. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 74,404 shares of company stock worth $5,587,619 in the last three months. Insiders own 3.84% of the company’s stock.

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.