Mariner LLC Acquires 116,393 Shares of Uber Technologies, Inc. (NYSE:UBER)

Mariner LLC lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 23.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 609,740 shares of the ride-sharing company's stock after acquiring an additional 116,393 shares during the period. Mariner LLC's holdings in Uber Technologies were worth $36,780,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Uber Technologies during the 4th quarter worth about $1,467,754,000. Jennison Associates LLC grew its position in 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 during the last quarter. Boston Partners bought a new position in Uber Technologies in the 4th quarter valued at $381,057,000. Assenagon Asset Management S.A. boosted its stake in Uber Technologies by 670.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company's stock worth $398,809,000 after purchasing an additional 5,753,637 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. acquired a new stake in shares of Uber Technologies in the fourth quarter valued at $166,072,000. Institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Up 3.0 %

UBER traded up $2.22 during trading on Friday, reaching $75.28. The company had a trading volume of 21,882,922 shares, compared to its average volume of 20,370,869. The company has a market cap of $157.47 billion, a P/E ratio of 16.51, a PEG ratio of 0.89 and a beta of 1.37. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month 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 business's fifty day moving average price is $74.06 and its 200 day moving average price is $71.46.

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

Insider Activity

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business'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 transaction of $206,250.00. Following the transaction, the chief financial officer now owns 22,162 shares of the company's stock, valued at $1,662,150. The trade was a 11.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jill Hazelbaker sold 31,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 represents a 26.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,154 shares of company stock worth $5,793,869 over the last three months. Corporate insiders own 3.84% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on UBER shares. The Goldman Sachs Group reissued a "buy" rating and set a $96.00 price objective on shares of Uber Technologies in a report on Thursday, January 2nd. Piper Sandler restated 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, February 18th. Benchmark reiterated a "hold" rating on shares of Uber Technologies in a research report on Friday, January 31st. Cantor Fitzgerald reissued an "overweight" rating and issued a $80.00 target price on shares of Uber Technologies in a research note on Wednesday. Finally, KGI Securities reaffirmed a "neutral" rating and set a $78.00 price target on shares of Uber Technologies in a research note on Tuesday, March 11th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Uber Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $89.81.

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.