Gardner Russo & Quinn LLC Has $250.38 Million Stake in Uber Technologies, Inc. (NYSE:UBER)

Gardner Russo & Quinn LLC raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 9.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,150,867 shares of the ride-sharing company's stock after purchasing an additional 353,488 shares during the period. Uber Technologies accounts for approximately 2.8% of Gardner Russo & Quinn LLC's holdings, making the stock its 13th biggest holding. Gardner Russo & Quinn LLC owned about 0.20% of Uber Technologies worth $250,380,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Avion Wealth increased its holdings in Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after purchasing an additional 218 shares during the last quarter. Runnymede Capital Advisors Inc. bought a new stake in shares of Uber Technologies in the 4th quarter valued at about $28,000. GHP Investment Advisors Inc. raised its position in shares of Uber Technologies by 85.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock valued at $29,000 after acquiring an additional 223 shares during the period. Kieckhefer Group LLC acquired a new position in Uber Technologies during the fourth quarter valued at approximately $33,000. Finally, Retirement Wealth Solutions LLC bought a new stake in Uber Technologies in the fourth quarter valued at approximately $35,000. Institutional investors own 80.24% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company decreased their price target on shares of Uber Technologies from $90.00 to $87.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Piper Sandler restated an "overweight" rating and set a $87.00 price objective (up from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Truist Financial upped their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. Benchmark reiterated a "hold" rating on shares of Uber Technologies in a report on Friday, January 31st. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, February 5th. Ten investment 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.com, the company has an average rating of "Moderate Buy" and a consensus target price of $90.31.

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Uber Technologies Price Performance

NYSE:UBER traded up $0.17 during trading hours on Monday, reaching $72.92. 10,333,420 shares of the company were exchanged, compared to its average volume of 20,064,432. The business has a 50 day moving average of $73.44 and a 200 day moving average of $71.76. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. 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 company has a market capitalization of $152.53 billion, a P/E ratio of 16.00, a P/E/G ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping 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 forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,000 shares of the business's stock in a transaction 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 transaction, the insider now owns 86,973 shares of the company's stock, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tony West sold 23,404 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the sale, the insider now owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. This represents a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 77,154 shares of company stock valued at $5,793,869 in the last ninety days. 3.84% of the stock is currently owned by company insiders.

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.