Northern Trust Corp Boosts Holdings in Uber Technologies, Inc. (NYSE:UBER)

Northern Trust Corp boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 9.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,520,516 shares of the ride-sharing company's stock after buying an additional 1,528,168 shares during the quarter. Northern Trust Corp owned 0.88% of Uber Technologies worth $1,117,158,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Uber Technologies by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company's stock valued at $10,903,846,000 after purchasing an additional 2,364,525 shares during the period. Capital Research Global Investors boosted its stake in shares of Uber Technologies by 79.0% during the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock valued at $7,125,728,000 after purchasing an additional 52,125,476 shares during the period. Geode Capital Management LLC boosted its stake in shares of Uber Technologies by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company's stock valued at $2,621,929,000 after purchasing an additional 1,061,088 shares during the period. Capital World Investors boosted its stake in shares of Uber Technologies by 10.1% during the fourth quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock valued at $1,831,021,000 after purchasing an additional 2,792,039 shares during the period. Finally, Jennison Associates LLC boosted its stake in shares of Uber Technologies by 36.9% during 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 purchasing an additional 7,137,512 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. TD Cowen lowered their target price on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. The Goldman Sachs Group reissued a "buy" rating and set a $96.00 target price on shares of Uber Technologies in a research note on Thursday, January 2nd. Fox Advisors lowered shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. Evercore ISI lowered their price objective on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. 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 issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $89.81.

Uber Technologies Stock Down 0.5 %

UBER stock opened at $77.74 on Monday. Uber Technologies, Inc. has a one year low of $54.84 and a one year 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 firm's fifty day moving average is $73.60 and its 200 day moving average is $71.41. The firm has a market cap of $162.62 billion, a PE ratio of 17.05, a P/E/G ratio of 0.89 and a beta of 1.37.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating 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%. On average, 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 Tony West sold 23,404 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the business's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the sale, the senior vice president now directly owns 361,908 shares of the company's stock, valued at $25,901,755.56. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 77,154 shares of company stock valued at $5,793,869. Corporate insiders own 3.84% of the company's stock.

Uber Technologies 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.

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