Bridgewater Associates LP Increases Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Bridgewater Associates LP lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 378.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 612,308 shares of the ride-sharing company's stock after acquiring an additional 484,266 shares during the quarter. Bridgewater Associates LP's holdings in Uber Technologies were worth $36,934,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Avion Wealth increased its stake in shares of Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after purchasing an additional 218 shares during the period. Runnymede Capital Advisors Inc. bought a new stake in shares of Uber Technologies in the fourth quarter valued at about $28,000. GHP Investment Advisors Inc. grew its stake in shares of Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock valued at $29,000 after acquiring an additional 223 shares in the last quarter. Kieckhefer Group LLC bought a new position in Uber Technologies during the fourth quarter worth about $33,000. Finally, Legacy Investment Solutions LLC raised its stake in Uber Technologies by 3,038.9% in the 4th quarter. Legacy Investment Solutions LLC now owns 565 shares of the ride-sharing company's stock worth $34,000 after purchasing an additional 547 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the sale, the chief financial officer now owns 22,162 shares of the company's stock, valued at $1,662,150. The trade was a 11.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Tony West sold 23,404 shares of the firm'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 transaction of $1,644,599.08. Following the completion of the transaction, the insider now directly owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. This trade represents a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 77,154 shares of company stock valued at $5,793,869. 3.84% of the stock is owned by company insiders.

Uber Technologies Trading Up 3.0 %

Shares of UBER stock traded up $2.22 during mid-day trading on Friday, hitting $75.28. The company's stock had a trading volume of 21,882,922 shares, compared to its average volume of 20,371,088. 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. The company has a market cap of $157.47 billion, a PE ratio of 16.51, a P/E/G ratio of 0.89 and a beta of 1.37. The company's fifty day simple moving average is $74.09 and its 200-day simple moving average is $71.45.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data 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%. As a group, equities research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on UBER shares. Cantor Fitzgerald restated an "overweight" rating and set a $80.00 target price on shares of Uber Technologies in a research report on Wednesday. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $82.00 price objective on shares of Uber Technologies in a report on Thursday, February 6th. Piper Sandler reissued an "overweight" rating and set a $87.00 target price (up from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Benchmark restated a "hold" rating on shares of Uber Technologies in a research report on Friday, January 31st. Finally, Fox Advisors cut shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, March 11th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $89.81.

Uber Technologies 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.