Capital Research Global Investors Purchases 52,125,476 Shares of Uber Technologies, Inc. (NYSE:UBER)

Capital Research Global Investors boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 79.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,131,681 shares of the ride-sharing company's stock after acquiring an additional 52,125,476 shares during the period. Uber Technologies comprises about 1.5% of Capital Research Global Investors' portfolio, making the stock its 13th largest position. Capital Research Global Investors owned approximately 5.61% of Uber Technologies worth $7,125,728,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Avion Wealth lifted its position 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 valued at $26,000 after buying an additional 218 shares during the last quarter. Runnymede Capital Advisors Inc. purchased a new stake in Uber Technologies during the fourth quarter valued at approximately $28,000. GHP Investment Advisors Inc. boosted its stake 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 valued at $29,000 after acquiring an additional 223 shares in the last quarter. Kieckhefer Group LLC acquired a new position in shares of Uber Technologies during the fourth quarter worth $33,000. Finally, Legacy Investment Solutions LLC lifted its holdings in shares of Uber Technologies by 3,038.9% during 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. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Price Performance

Shares of UBER stock opened at $75.28 on Friday. The firm's 50-day moving average is $74.06 and its two-hundred day moving average is $71.46. The company has a market capitalization of $157.47 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00.

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

Insider Buying and Selling at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 31,000 shares of the business's stock in a transaction on 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 directly owns 86,973 shares of the company's stock, valued at $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. 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. 3.84% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on UBER shares. DA Davidson decreased their price target on Uber Technologies from $84.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Cantor Fitzgerald reissued an "overweight" rating and set a $80.00 price objective on shares of Uber Technologies in a report on Wednesday. Citigroup lowered their price target on Uber Technologies from $98.00 to $92.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Wells Fargo & Company increased their price objective on Uber Technologies from $87.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, April 3rd. Finally, UBS Group reiterated a "buy" rating on shares of Uber Technologies in a research report on Friday, February 21st. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.81.

About Uber Technologies

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.

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