Markel Group Inc. Acquires 21,000 Shares of Uber Technologies, Inc. (NYSE:UBER)

Markel Group Inc. grew its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 23.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 109,000 shares of the ride-sharing company's stock after buying an additional 21,000 shares during the quarter. Markel Group Inc.'s holdings in Uber Technologies were worth $6,575,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Miller Financial Services LLC bought a new position in shares of Uber Technologies during the 4th quarter valued at approximately $1,597,000. SPX Gestao de Recursos Ltda purchased a new stake in Uber Technologies in the fourth quarter worth $2,714,000. Cornerstone Advisors LLC lifted its position in Uber Technologies by 82.4% during the 4th quarter. Cornerstone Advisors LLC now owns 27,900 shares of the ride-sharing company's stock valued at $1,683,000 after acquiring an additional 12,600 shares during the period. Citizens Financial Group Inc. RI boosted its stake in Uber Technologies by 9.3% during the fourth quarter. Citizens Financial Group Inc. RI now owns 122,427 shares of the ride-sharing company's stock worth $7,385,000 after acquiring an additional 10,465 shares in the last quarter. Finally, Riverbend Wealth Management LLC purchased a new stake in Uber Technologies in the fourth quarter worth about $336,000. Institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Up 0.3 %

NYSE:UBER traded up $0.23 during mid-day trading on Thursday, hitting $71.43. The company had a trading volume of 5,196,963 shares, compared to its average volume of 19,518,854. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The business has a fifty day simple moving average of $71.59 and a 200-day simple moving average of $71.59. 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 firm has a market capitalization of $149.21 billion, a price-to-earnings ratio of 15.63, a PEG ratio of 0.89 and a beta of 1.39.

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on UBER. Piper Sandler restated an "overweight" rating and issued a $87.00 price target (up previously from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Tigress Financial increased their price target on Uber Technologies from $96.00 to $103.00 and gave the company a "buy" rating in a report on Monday, November 25th. DA Davidson lowered their target price on shares of Uber Technologies from $84.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, February 6th. KGI Securities reiterated a "neutral" rating and set a $78.00 price target on shares of Uber Technologies in a report on Tuesday. Finally, Wells Fargo & Company decreased their price objective on shares of Uber Technologies from $90.00 to $87.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.31.

Insider Activity

In other news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction that occurred 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.84% of the company's stock.

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.