Capital World Investors Purchases 2,792,039 Shares of Uber Technologies, Inc. (NYSE:UBER)

Capital World Investors increased its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 10.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,355,075 shares of the ride-sharing company's stock after acquiring an additional 2,792,039 shares during the quarter. Capital World Investors owned about 1.44% of Uber Technologies worth $1,831,021,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UBER. M&T Bank Corp lifted its position in shares of Uber Technologies by 4.8% during the 3rd quarter. M&T Bank Corp now owns 175,104 shares of the ride-sharing company's stock worth $13,161,000 after purchasing an additional 7,968 shares during the last quarter. Invst LLC increased its position in Uber Technologies by 5.0% in the 3rd quarter. Invst LLC now owns 4,108 shares of the ride-sharing company's stock worth $309,000 after buying an additional 197 shares during the period. Advisory Resource Group lifted its holdings in shares of Uber Technologies by 1.6% during the third quarter. Advisory Resource Group now owns 13,993 shares of the ride-sharing company's stock worth $1,052,000 after buying an additional 222 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Uber Technologies in the third quarter valued at approximately $1,328,000. Finally, SkyView Investment Advisors LLC grew its stake in shares of Uber Technologies by 3.0% in the third quarter. SkyView Investment Advisors LLC now owns 30,280 shares of the ride-sharing company's stock worth $2,276,000 after acquiring an additional 875 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Buying and Selling

In other news, SVP Nikki Krishnamurthy sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was 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 directly 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction of $1,644,599.08. Following 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. Over the last 90 days, insiders sold 77,154 shares of company stock worth $5,793,869. 3.84% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on UBER shares. Needham & Company LLC reissued a "buy" rating and issued a $90.00 price target on shares of Uber Technologies in a report on Wednesday, April 9th. Citizens Jmp cut shares of Uber Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. JPMorgan Chase & Co. lowered their price target on Uber Technologies from $90.00 to $80.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. KGI Securities reiterated a "neutral" rating and issued a $78.00 price objective on shares of Uber Technologies in a research report on Tuesday, March 11th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $82.00 target price on shares of Uber Technologies in a research report on Thursday, February 6th. 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 company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $89.81.

Uber Technologies Stock Up 3.0 %

Uber Technologies stock opened at $75.28 on Friday. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. 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 moving average of $74.06 and a 200-day moving average of $71.46. The stock 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.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating 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, equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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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