207,442 Shares in Uber Technologies, Inc. (NYSE:UBER) Acquired by Arnhold LLC

Arnhold LLC acquired a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 207,442 shares of the ride-sharing company's stock, valued at approximately $12,513,000. Uber Technologies makes up about 1.2% of Arnhold LLC's investment portfolio, making the stock its 28th biggest position.

Several other large investors also recently made changes to their positions in UBER. Invst LLC lifted its holdings in Uber Technologies by 5.0% during the 3rd quarter. Invst LLC now owns 4,108 shares of the ride-sharing company's stock worth $309,000 after buying an additional 197 shares in the last quarter. Advisory Resource Group lifted its stake in shares of Uber Technologies by 1.6% during the third quarter. Advisory Resource Group now owns 13,993 shares of the ride-sharing company's stock valued at $1,052,000 after acquiring an additional 222 shares during the period. Virtu Financial LLC acquired a new position in shares of Uber Technologies during the third quarter valued at $1,328,000. SkyView Investment Advisors LLC boosted its holdings in Uber Technologies by 3.0% in the third quarter. SkyView Investment Advisors LLC now owns 30,280 shares of the ride-sharing company's stock valued at $2,276,000 after acquiring an additional 875 shares during the last quarter. Finally, Anchor Investment Management LLC increased its position in Uber Technologies by 8.9% in the third quarter. Anchor Investment Management LLC now owns 33,718 shares of the ride-sharing company's stock worth $2,534,000 after purchasing an additional 2,755 shares during the period. Institutional investors own 80.24% of the company's stock.

Insider Buying and Selling

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 20,000 shares of the company's stock in a transaction on Friday, March 14th. The shares were 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 in the company, valued at $25,901,755.56. The trade was a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tony West sold 23,404 shares of the stock in a transaction dated 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 completion of the transaction, the insider now directly owns 114,241 shares in the company, valued at $8,027,715.07. The trade was a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 77,154 shares of company stock worth $5,793,869. Insiders own 3.84% of the company's stock.

Wall Street Analyst Weigh In

UBER has been the topic of several recent research reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, April 9th. Wells Fargo & Company raised their price objective on shares of Uber Technologies from $87.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, April 3rd. JPMorgan Chase & Co. dropped their target price on shares of Uber Technologies from $90.00 to $80.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. UBS Group restated a "buy" rating on shares of Uber Technologies in a research report on Friday, February 21st. Finally, Wolfe Research upped their price objective on Uber Technologies from $90.00 to $92.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.81.

Uber Technologies Stock Down 0.5 %

Shares of NYSE UBER traded down $0.36 during mid-day trading on Friday, hitting $77.74. The company had a trading volume of 20,038,405 shares, compared to its average volume of 20,336,884. 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 50-day simple moving average of $73.60 and a two-hundred day simple moving average of $71.46. The company has a market capitalization of $162.62 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last posted 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%. On average, equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.