Uber Technologies, Inc. (NYSE:UBER) Position Increased by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 16.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,499 shares of the ride-sharing company's stock after acquiring an additional 19,260 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Uber Technologies were worth $8,241,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in UBER. Vanguard Group Inc. grew its position in Uber Technologies by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company's stock valued at $10,903,846,000 after acquiring an additional 2,364,525 shares in the last quarter. Geode Capital Management LLC grew its holdings in Uber Technologies by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 42,500,359 shares of the ride-sharing company's stock valued at $3,184,013,000 after purchasing an additional 893,652 shares in the last quarter. Jennison Associates LLC increased its stake in Uber Technologies by 36.9% during the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock worth $1,596,086,000 after buying an additional 7,137,512 shares during the period. Norges Bank acquired a new position in Uber Technologies in the 4th quarter worth $1,467,754,000. Finally, Janus Henderson Group PLC lifted its holdings in Uber Technologies by 18.3% in the 3rd quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company's stock worth $998,767,000 after buying an additional 2,056,273 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several research firms recently commented on UBER. Truist Financial boosted their price target on Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. Royal Bank of Canada reiterated an "outperform" rating and set a $82.00 target price on shares of Uber Technologies in a research note on Thursday, February 6th. KGI Securities reissued a "neutral" rating and set a $78.00 price target on shares of Uber Technologies in a research report on Tuesday, March 11th. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 price target on shares of Uber Technologies in a report on Wednesday, February 5th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $80.00 price objective on shares of Uber Technologies in a report on Thursday, February 6th. Ten investment 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's stock. According to MarketBeat, Uber Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $90.31.

Uber Technologies Stock Performance

Shares of UBER traded up $0.17 during trading hours on Tuesday, reaching $73.03. 16,868,970 shares of the company's stock traded hands, compared to its average volume of 20,099,981. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The business's fifty day simple moving average is $73.66 and its two-hundred day simple moving average is $71.80. 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 capitalization of $152.77 billion, a price-to-earnings ratio of 16.02, a P/E/G ratio of 0.89 and a beta of 1.39.

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

Insider Buying and Selling

In related news, insider Tony West sold 23,404 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 114,241 shares of the company's stock, valued at $8,027,715.07. This represents a 17.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the transaction, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,154 shares of company stock valued at $5,793,869 over the last quarter. 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.