MetLife Investment Management LLC Grows Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

MetLife Investment Management LLC raised its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 645,683 shares of the ride-sharing company's stock after acquiring an additional 9,469 shares during the quarter. MetLife Investment Management LLC's holdings in Uber Technologies were worth $38,948,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Polianta Ltd acquired a new position in Uber Technologies in the 4th quarter valued at about $1,206,000. Allworth Financial LP increased its stake in Uber Technologies by 8.9% during the fourth quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company's stock worth $1,229,000 after acquiring an additional 1,663 shares during the last quarter. Lecap Asset Management Ltd. acquired a new position in shares of Uber Technologies in the 4th quarter valued at $3,188,000. Mirador Capital Partners LP increased its position in shares of Uber Technologies by 40.4% during the 4th quarter. Mirador Capital Partners LP now owns 85,214 shares of the ride-sharing company's stock worth $5,140,000 after purchasing an additional 24,520 shares during the last quarter. Finally, Tri Ri Asset Management Corp acquired a new stake in shares of Uber Technologies during the 3rd quarter worth about $8,243,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insiders Place Their Bets

In other news, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the transaction, the insider now owns 114,241 shares of the company's stock, valued at $8,027,715.07. The trade was a 17.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction dated Thursday, March 20th. The shares were 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. This trade represents a 11.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 77,154 shares of company stock worth $5,793,869. 3.84% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

UBER has been the subject of a number of recent analyst reports. Citizens Jmp cut shares of Uber Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. Cantor Fitzgerald restated an "overweight" rating and set a $80.00 price target on shares of Uber Technologies in a research report on Wednesday, April 16th. Truist Financial increased their target price on Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. Benchmark reaffirmed a "hold" rating on shares of Uber Technologies in a research report on Friday, January 31st. Finally, Citigroup lowered 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 note on Thursday, February 6th. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $89.81.

Uber Technologies Stock Performance

Shares of Uber Technologies stock traded up $4.24 on Thursday, reaching $78.01. 10,116,387 shares of the stock were exchanged, compared to its average volume of 20,307,362. 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 $163.19 billion, a PE ratio of 17.12, a PEG ratio of 0.89 and a beta of 1.37. 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 moving average price of $73.70 and a two-hundred day moving average price of $71.46.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating analysts' consensus estimates 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, research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share 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.