DSM Capital Partners LLC Raises Holdings in Uber Technologies, Inc. (NYSE:UBER)

DSM Capital Partners LLC increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 18.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,537,391 shares of the ride-sharing company's stock after buying an additional 393,982 shares during the quarter. Uber Technologies accounts for 2.4% of DSM Capital Partners LLC's investment portfolio, making the stock its 15th largest holding. DSM Capital Partners LLC owned 0.12% of Uber Technologies worth $153,055,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Bank of Jackson Hole Trust bought a new stake in Uber Technologies during the fourth quarter worth $453,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Uber Technologies during the fourth quarter worth $114,000. GAM Holding AG grew its holdings in Uber Technologies by 57.0% during the fourth quarter. GAM Holding AG now owns 119,599 shares of the ride-sharing company's stock worth $7,214,000 after buying an additional 43,440 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in Uber Technologies by 56.5% during the fourth quarter. Venturi Wealth Management LLC now owns 3,185 shares of the ride-sharing company's stock worth $192,000 after buying an additional 1,150 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its position in Uber Technologies by 70.9% in the fourth quarter. D.A. Davidson & CO. now owns 111,286 shares of the ride-sharing company's stock worth $6,713,000 after purchasing an additional 46,163 shares during the last quarter. Institutional investors own 80.24% of the company's stock.

Uber Technologies Price Performance

NYSE UBER traded down $2.38 during trading on Friday, reaching $78.89. The company's stock had a trading volume of 21,758,503 shares, compared to its average volume of 28,847,662. The stock has a market capitalization of $164.79 billion, a PE ratio of 17.30, a P/E/G ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The firm has a fifty day moving average of $67.67 and a 200 day moving average of $71.11. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00.

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 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 expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on UBER shares. Gordon Haskett raised Uber Technologies from a "hold" rating to a "buy" rating and set a $85.00 price objective on the stock in a research report on Thursday, October 31st. Evercore ISI cut their price objective on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. Piper Sandler reissued an "overweight" rating and issued a $87.00 price objective (up previously from $80.00) on shares of Uber Technologies in a research report on Tuesday. Wolfe Research boosted their price objective on Uber Technologies from $90.00 to $92.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Finally, Tigress Financial boosted their price objective on Uber Technologies from $96.00 to $103.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. Eight equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $90.91.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the transaction, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.84% of the company's stock.

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.