Astra Wealth Partners LLC Purchases Shares of 4,777 Uber Technologies, Inc. (NYSE:UBER)

Astra Wealth Partners LLC acquired a new stake in shares of 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 acquired 4,777 shares of the ride-sharing company's stock, valued at approximately $288,000.

Other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new stake in shares of Uber Technologies in the 4th quarter worth approximately $1,467,754,000. Jennison Associates LLC lifted its position in Uber Technologies by 36.9% in the fourth quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock worth $1,596,086,000 after purchasing an additional 7,137,512 shares during the period. Boston Partners acquired a new position in shares of Uber Technologies during the 4th quarter valued at $381,057,000. Assenagon Asset Management S.A. raised its stake in shares of Uber Technologies by 670.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company's stock worth $398,809,000 after buying an additional 5,753,637 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. acquired a new stake in shares of Uber Technologies in the fourth quarter valued at $166,072,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Stock Down 7.7 %

Shares of UBER traded down $5.35 during mid-day trading on Friday, hitting $64.50. 34,874,753 shares of the company's stock were exchanged, compared to its average volume of 20,180,043. The stock has a market cap of $134.92 billion, a price-to-earnings ratio of 14.14, a P/E/G ratio of 0.89 and a beta of 1.37. The firm has a fifty day moving average of $73.75 and a two-hundred day moving average of $71.76. 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 twelve month low of $54.84 and a twelve month high of $87.00.

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Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping the consensus estimate 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 forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

UBER has been the topic of several research reports. Fox Advisors cut shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, March 11th. Wells Fargo & Company boosted their target price on shares of Uber Technologies from $87.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday. Royal Bank of Canada restated an "outperform" rating and set a $82.00 target price on shares of Uber Technologies in a report on Thursday, February 6th. Arete Research raised Uber Technologies to a "hold" rating in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $96.00 price objective on shares of Uber Technologies in a research report on Thursday, January 2nd. Ten investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $90.41.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the sale, the insider now directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the transaction, the chief financial officer now directly owns 22,162 shares of the company's stock, valued at $1,662,150. This represents a 11.04 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 77,154 shares of company stock valued at $5,793,869. Corporate insiders own 3.84% of the company's stock.

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.