EntryPoint Capital LLC Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

EntryPoint Capital LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 7,519 shares of the ride-sharing company's stock, valued at approximately $454,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Uber Technologies by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company's stock valued at $10,903,846,000 after buying an additional 2,364,525 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Uber Technologies by 2.1% in the 3rd 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 during the last quarter. Jennison Associates LLC raised its position in shares of Uber Technologies by 36.9% during the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock worth $1,596,086,000 after acquiring an additional 7,137,512 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Uber Technologies by 18.3% during the 3rd quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company's stock worth $998,767,000 after acquiring an additional 2,056,273 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Uber Technologies by 6.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,273,165 shares of the ride-sharing company's stock valued at $800,637,000 after purchasing an additional 774,956 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

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Analyst Upgrades and Downgrades

UBER has been the topic of a number of research analyst reports. Wolfe Research raised their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Arete Research raised shares of Uber Technologies to a "hold" rating in a research report on Tuesday, February 18th. DA Davidson decreased their price objective on shares of Uber Technologies from $84.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Needham & Company LLC reiterated a "buy" rating and set a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. decreased their target price on Uber Technologies from $95.00 to $90.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and an average target price of $90.31.

Uber Technologies Price Performance

Shares of UBER stock traded down $2.15 during midday trading on Friday, reaching $72.71. 11,255,568 shares of the company traded hands, compared to its average volume of 20,097,389. The firm has a market cap of $151.89 billion, a PE ratio of 15.94, a price-to-earnings-growth 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's 50 day simple moving average is $73.44 and its two-hundred day simple moving average is $71.75. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 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%. On average, equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the sale, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 77,154 shares of company stock valued at $5,793,869. Insiders own 3.84% of the company's stock.

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.