Canada Pension Plan Investment Board Has $303.84 Million Holdings in Uber Technologies, Inc. (NYSE:UBER)

Canada Pension Plan Investment Board lowered its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,037,153 shares of the ride-sharing company's stock after selling 407,993 shares during the period. Canada Pension Plan Investment Board owned approximately 0.24% of Uber Technologies worth $303,841,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Avion Wealth boosted its position in shares of Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after acquiring an additional 218 shares during the last quarter. Runnymede Capital Advisors Inc. acquired a new position in shares of Uber Technologies in the fourth quarter valued at about $28,000. GHP Investment Advisors Inc. boosted 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 worth $29,000 after buying an additional 223 shares during the last quarter. Kieckhefer Group LLC acquired a new position in shares of Uber Technologies during the 4th quarter worth approximately $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 valued at $34,000 after purchasing an additional 547 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Jill Hazelbaker sold 31,000 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the transaction, the insider now directly owns 86,973 shares of the company's stock, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies 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 completion of the transaction, the chief financial officer now owns 22,162 shares of the company's stock, valued at $1,662,150. This trade represents a 11.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 77,154 shares of company stock valued at $5,793,869. Insiders own 3.84% of the company's stock.

Analysts Set New Price Targets

UBER has been the topic of several research reports. Cantor Fitzgerald reissued an "overweight" rating and set a $80.00 price target on shares of Uber Technologies in a research report on Wednesday, April 16th. UBS Group restated a "buy" rating on shares of Uber Technologies in a report on Friday, February 21st. Fox Advisors cut shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, March 11th. Citigroup dropped their price objective on shares of Uber Technologies from $98.00 to $92.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Finally, Wells Fargo & Company boosted their price target on shares of Uber Technologies from $87.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, April 3rd. Ten analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $89.81.

Uber Technologies Trading Down 2.9 %

UBER stock traded down $2.21 during trading on Monday, hitting $73.03. The company had a trading volume of 5,559,516 shares, compared to its average volume of 20,302,644. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The company has a 50 day simple moving average of $74.06 and a 200-day simple moving average of $71.44. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The firm has a market capitalization of $152.76 billion, a P/E ratio of 16.02, a PEG ratio of 0.89 and a beta of 1.37.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. As a group, research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal 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.