14,874 Shares in Uber Technologies, Inc. (NYSE:UBER) Purchased by Legacy Capital Group California Inc.

Legacy Capital Group California Inc. purchased a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 14,874 shares of the ride-sharing company's stock, valued at approximately $897,000.

A number of other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in 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 worth $3,184,013,000 after buying an additional 893,652 shares in the last quarter. Edgewood Management LLC increased its position in Uber Technologies by 10.5% during 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 during the last quarter. Jennison Associates LLC lifted its holdings in 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 during the period. Janus Henderson Group PLC grew its stake 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 valued at $998,767,000 after purchasing an additional 2,056,273 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Uber Technologies by 14.7% during the 3rd 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 purchasing an additional 1,601,747 shares during the last quarter. Institutional investors own 80.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Cantor Fitzgerald restated an "overweight" rating and set a $80.00 target price on shares of Uber Technologies in a research report on Thursday, February 6th. Citigroup cut their price objective on shares of Uber Technologies from $98.00 to $92.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Truist Financial decreased their target price on Uber Technologies from $99.00 to $95.00 and set a "buy" rating on the stock in a report on Friday, November 1st. Citizens Jmp lowered Uber Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Finally, Tigress Financial upped their price target 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 investment 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 company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $90.91.

Insider Transactions at Uber Technologies

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

Uber Technologies Price Performance

Shares of NYSE:UBER traded down $2.38 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 company has a 50-day simple moving average of $67.67 and a 200 day simple moving average of $71.11. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The company has a market cap of $164.79 billion, a P/E ratio of 17.30, a PEG ratio of 0.89 and a beta of 1.39.

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, 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%. As a group, equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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.