FIL Ltd Acquires 170,507 Shares of Uber Technologies, Inc. (NYSE:UBER)

FIL Ltd increased its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 46.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 535,591 shares of the ride-sharing company's stock after purchasing an additional 170,507 shares during the quarter. FIL Ltd's holdings in Uber Technologies were worth $32,307,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in UBER. Avion Wealth increased its stake in shares of Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after purchasing an additional 218 shares during the period. Runnymede Capital Advisors Inc. acquired a new stake in Uber Technologies in the 4th quarter valued at approximately $28,000. GHP Investment Advisors Inc. increased its position in Uber Technologies by 85.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock worth $29,000 after buying an additional 223 shares during the period. Kieckhefer Group LLC acquired a new position in shares of Uber Technologies during the fourth quarter worth approximately $33,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $35,000. Institutional investors own 80.24% of the company's stock.

Uber Technologies Price Performance

Shares of Uber Technologies stock traded up $1.04 during trading on Monday, reaching $73.32. The company's stock had a trading volume of 7,389,140 shares, compared to its average volume of 20,329,650. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The stock has a 50-day moving average price of $73.94 and a two-hundred day moving average price 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. The stock has a market capitalization of $153.37 billion, a P/E ratio of 16.08, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37.

Remove Ads

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results 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 net margin of 22.41% and a return on equity of 62.60%. As a group, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the firm's stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the sale, the chief financial officer now directly owns 22,162 shares of the company's stock, valued at $1,662,150. This represents a 11.04 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,154 shares of company stock valued at $5,793,869. Company insiders own 3.84% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on UBER. Fox Advisors lowered shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, March 11th. Truist Financial boosted their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. Wolfe Research increased their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Cantor Fitzgerald reissued an "overweight" rating and set a $80.00 target price on shares of Uber Technologies in a research report on Thursday, February 6th. Finally, Citigroup cut their price target on Uber Technologies from $98.00 to $92.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average 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.