Grant Private Wealth Management Inc Acquires Shares of 3,537 Uber Technologies, Inc. (NYSE:UBER)

Grant Private Wealth Management Inc purchased a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,537 shares of the ride-sharing company's stock, valued at approximately $213,000.

Several other institutional investors and hedge funds also recently modified their holdings of UBER. Vanguard Group Inc. increased its stake in Uber Technologies by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company's stock valued at $10,903,846,000 after buying an additional 2,364,525 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Uber Technologies by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company's stock worth $2,621,929,000 after buying an additional 1,061,088 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Uber Technologies by 36.9% in the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock valued at $1,596,086,000 after acquiring an additional 7,137,512 shares in the last quarter. Norges Bank acquired a new stake in shares of Uber Technologies in the fourth quarter valued at about $1,467,754,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Uber Technologies by 6.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,273,165 shares of the ride-sharing company's stock worth $800,637,000 after acquiring an additional 774,956 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analyst Weigh In

Several research analysts have weighed in on UBER shares. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, February 5th. Fox Advisors downgraded shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. Benchmark reaffirmed a "hold" rating on shares of Uber Technologies in a research report on Friday, January 31st. The Goldman Sachs Group reissued a "buy" rating and issued a $96.00 price objective on shares of Uber Technologies in a research report on Thursday, January 2nd. Finally, Evercore ISI dropped their target price on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Uber Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $90.41.

Insider Buying and Selling

In other Uber Technologies news, insider Tony West sold 23,404 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the transaction, the insider now directly owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. The trade was a 17.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the transaction, the senior vice president now owns 361,908 shares in the company, valued at $25,901,755.56. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,154 shares of company stock valued at $5,793,869 over the last quarter. Insiders own 3.84% of the company's stock.

Uber Technologies Trading Down 6.2 %

NYSE:UBER traded down $4.62 during trading hours on Thursday, hitting $69.88. 23,256,579 shares of the company were exchanged, compared to its average volume of 20,109,335. The company has a fifty day simple moving average of $73.83 and a 200 day simple moving average of $71.81. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The stock has a market capitalization of $146.17 billion, a price-to-earnings ratio of 15.32, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37.

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

About Uber Technologies

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.