BloombergSen Inc. Buys 10,025 Shares of Uber Technologies, Inc. (NYSE:UBER)

BloombergSen Inc. increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 56.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,941 shares of the ride-sharing company's stock after acquiring an additional 10,025 shares during the period. Uber Technologies comprises approximately 0.1% of BloombergSen Inc.'s holdings, making the stock its 20th largest holding. BloombergSen Inc.'s holdings in Uber Technologies were worth $1,685,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of UBER. Avion Wealth lifted its position in Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after buying an additional 218 shares in the last quarter. Runnymede Capital Advisors Inc. bought a new position in Uber Technologies in the 4th quarter valued at $28,000. GHP Investment Advisors Inc. increased its position in Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock worth $29,000 after purchasing an additional 223 shares during the period. Kieckhefer Group LLC bought a new stake in Uber Technologies during the 4th quarter worth about $33,000. Finally, Retirement Wealth Solutions LLC acquired a new position in Uber Technologies during the 4th quarter valued at about $35,000. Institutional investors own 80.24% of the company's stock.

Insider Activity

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction that occurred on 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 owns 22,162 shares of the company's stock, valued at approximately $1,662,150. This represents a 11.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $1,431,400.00. Following the completion of the sale, the senior vice president now owns 361,908 shares of the company's stock, valued at $25,901,755.56. This trade represents a 5.24 % 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 over the last ninety days. 3.84% of the stock is currently owned by company insiders.

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Uber Technologies Stock Performance

Uber Technologies stock traded down $0.33 during midday trading on Monday, reaching $64.30. 17,874,239 shares of the company's stock were exchanged, compared to its average volume of 20,167,287. The stock's 50-day simple moving average is $73.75 and its 200 day simple moving average is $71.74. The firm has a market cap of $134.49 billion, a price-to-earnings ratio of 14.06, a P/E/G ratio of 0.89 and a beta of 1.37. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last issued 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 return on equity of 62.60% and a net margin of 22.41%. On average, analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on UBER. Royal Bank of Canada reissued an "outperform" rating and set a $82.00 price target on shares of Uber Technologies in a research note on Thursday, February 6th. Fox Advisors downgraded Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, February 5th. DA Davidson reduced their target price on Uber Technologies from $84.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and issued a $96.00 price target on shares of Uber Technologies in a research note on Thursday, January 2nd. Ten 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. According to MarketBeat, Uber Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.41.

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.