Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Baxter Bros Inc.

Baxter Bros Inc. boosted its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 570.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,571 shares of the ride-sharing company's stock after acquiring an additional 26,861 shares during the period. Baxter Bros Inc.'s holdings in Uber Technologies were worth $1,904,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Great Valley Advisor Group Inc. raised its stake in shares of Uber Technologies by 11.5% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 44,611 shares of the ride-sharing company's stock valued at $3,353,000 after acquiring an additional 4,584 shares during the period. Cerity Partners LLC raised its position in Uber Technologies by 36.0% in the third quarter. Cerity Partners LLC now owns 430,206 shares of the ride-sharing company's stock valued at $32,334,000 after purchasing an additional 113,989 shares during the period. Kingsview Wealth Management LLC lifted its stake in Uber Technologies by 18.4% during the third quarter. Kingsview Wealth Management LLC now owns 16,381 shares of the ride-sharing company's stock worth $1,231,000 after purchasing an additional 2,546 shares in the last quarter. Swedbank AB boosted its position in shares of Uber Technologies by 9.0% during the third quarter. Swedbank AB now owns 1,011,887 shares of the ride-sharing company's stock worth $76,053,000 after buying an additional 83,695 shares during the period. Finally, Larson Financial Group LLC grew its stake in shares of Uber Technologies by 38.1% in the third quarter. Larson Financial Group LLC now owns 3,284 shares of the ride-sharing company's stock valued at $247,000 after buying an additional 906 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other news, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction 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 completion of the sale, the insider now owns 114,241 shares of the company's stock, valued at $8,027,715.07. The trade was a 17.00 % decrease in their ownership of the stock. The sale 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 the 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 transaction, the insider now owns 86,973 shares in the company, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 77,154 shares of company stock valued at $5,793,869 in the last ninety days. Insiders own 3.84% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on UBER. DA Davidson decreased their target price on Uber Technologies from $84.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. JPMorgan Chase & Co. reduced their price target on shares of Uber Technologies from $95.00 to $90.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. JMP Securities restated a "market perform" rating on shares of Uber Technologies in a report on Thursday, February 6th. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, February 5th. Finally, Benchmark reissued a "hold" rating on shares of Uber Technologies in a research report on Friday, January 31st. Ten analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Uber Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $90.31.

Uber Technologies Price Performance

UBER stock traded down $2.33 on Friday, reaching $72.53. The company had a trading volume of 7,369,359 shares, compared to its average volume of 20,056,418. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The company's fifty day moving average is $73.33 and its 200 day moving average is $71.71. The company has a market cap of $151.51 billion, a P/E ratio of 15.88, a PEG ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00.

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, 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, research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

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.