Uber Technologies, Inc. (NYSE:UBER) Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. grew its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 70.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,286 shares of the ride-sharing company's stock after acquiring an additional 46,163 shares during the period. D.A. Davidson & CO.'s holdings in Uber Technologies were worth $6,713,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of UBER. Geode Capital Management LLC raised its holdings in shares of Uber Technologies by 2.1% in the third quarter. Geode Capital Management LLC now owns 42,500,359 shares of the ride-sharing company's stock valued at $3,184,013,000 after acquiring an additional 893,652 shares in the last quarter. Edgewood Management LLC raised its holdings in shares of Uber Technologies by 10.5% in the third quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company's stock valued at $2,070,813,000 after acquiring an additional 2,627,768 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Uber Technologies by 36.9% in 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 in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Uber Technologies by 18.3% in the third quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company's stock valued at $998,767,000 after acquiring an additional 2,056,273 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Uber Technologies by 14.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 12,498,209 shares of the ride-sharing company's stock valued at $939,365,000 after acquiring an additional 1,601,747 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 31,000 shares of the business's stock in a transaction dated 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 completion of the sale, the insider now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.84% of the stock is owned by insiders.

Uber Technologies Price Performance

Shares of UBER stock traded down $2.48 during mid-day trading on Friday, hitting $78.78. 13,942,820 shares of the stock were exchanged, compared to its average volume of 28,586,738. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The firm has a fifty day moving average of $67.67 and a 200 day moving average of $71.11. The company has a market cap of $164.57 billion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39.

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, 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%. Research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

UBER has been the subject of several recent research reports. Cantor Fitzgerald restated an "overweight" rating and issued a $80.00 price objective on shares of Uber Technologies in a report on Thursday, February 6th. Piper Sandler reiterated an "overweight" rating and issued a $87.00 target price (up previously from $80.00) on shares of Uber Technologies in a research note on Tuesday. Loop Capital lifted their target price on Uber Technologies from $84.00 to $86.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. JMP Securities reiterated a "market perform" rating on shares of Uber Technologies in a research note on Thursday, February 6th. Finally, Benchmark reiterated a "hold" rating on shares of Uber Technologies in a research note on Friday, January 31st. Eight research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $90.91.

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.