Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by CenterBook Partners LP

CenterBook Partners LP raised its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 164.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 318,683 shares of the ride-sharing company's stock after purchasing an additional 198,331 shares during the quarter. Uber Technologies comprises 1.2% of CenterBook Partners LP's investment portfolio, making the stock its 12th biggest position. CenterBook Partners LP's holdings in Uber Technologies were worth $19,223,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Uber Technologies by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company's stock worth $10,903,846,000 after purchasing an additional 2,364,525 shares during the last quarter. Geode Capital Management LLC boosted its stake in Uber Technologies by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company's stock worth $2,621,929,000 after buying an additional 1,061,088 shares during the period. Jennison Associates LLC increased its position in shares of Uber Technologies by 36.9% during the fourth quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock valued at $1,596,086,000 after acquiring an additional 7,137,512 shares during the last quarter. Norges Bank purchased a new stake in shares of Uber Technologies in the 4th quarter valued at approximately $1,467,754,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Uber Technologies by 6.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,273,165 shares of the ride-sharing company's stock worth $800,637,000 after acquiring an additional 774,956 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Performance

Shares of NYSE UBER traded up $1.32 during trading hours on Friday, reaching $72.26. The stock had a trading volume of 16,265,909 shares, compared to its average volume of 20,379,883. The firm has a market cap of $151.15 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 0.89 and a beta of 1.37. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The firm has a 50-day moving average of $73.94 and a 200-day moving average of $71.44. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results 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 net margin of 22.41% and a return on equity of 62.60%. Equities research 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 Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the sale, the insider now directly owns 86,973 shares of the company's stock, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Nikki Krishnamurthy sold 20,000 shares of Uber Technologies stock in a transaction that occurred 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 transaction, the senior vice president now owns 361,908 shares in the company, 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. Over the last three months, insiders have sold 77,154 shares of company stock worth $5,793,869. 3.84% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Fox Advisors downgraded shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a research note on Thursday, February 6th. JPMorgan Chase & Co. decreased their target price 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. Benchmark restated a "hold" rating on shares of Uber Technologies in a report on Friday, January 31st. Finally, DA Davidson cut their price target on shares of Uber Technologies from $84.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Ten analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Uber Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.97.

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.