Ossiam Buys 59,785 Shares of Uber Technologies, Inc. (NYSE:UBER)

Ossiam grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 8.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 774,722 shares of the ride-sharing company's stock after acquiring an additional 59,785 shares during the quarter. Uber Technologies comprises about 1.5% of Ossiam's portfolio, making the stock its 27th biggest holding. Ossiam's holdings in Uber Technologies were worth $46,731,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Polianta Ltd acquired a new stake in shares of Uber Technologies in the 4th quarter valued at $1,206,000. Allworth Financial LP boosted its stake in Uber Technologies by 8.9% in the fourth quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company's stock valued at $1,229,000 after buying an additional 1,663 shares in the last quarter. Lecap Asset Management Ltd. acquired a new stake in Uber Technologies in the fourth quarter valued at about $3,188,000. Mirador Capital Partners LP grew its position in Uber Technologies by 40.4% in the fourth quarter. Mirador Capital Partners LP now owns 85,214 shares of the ride-sharing company's stock valued at $5,140,000 after acquiring an additional 24,520 shares during the last quarter. Finally, Tri Ri Asset Management Corp acquired a new position in Uber Technologies during the third quarter worth about $8,243,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $80.00 price target on shares of Uber Technologies in a report on Wednesday. Evercore ISI cut their target price on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. DA Davidson lowered their price target 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. Wells Fargo & Company raised their price objective on Uber Technologies from $87.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, April 3rd. Finally, Citigroup lowered their target price on Uber Technologies from $98.00 to $92.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Uber Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.81.

Uber Technologies Price Performance

UBER stock opened at $75.28 on Friday. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The stock has a market capitalization of $157.47 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The company's 50-day moving average is $74.06 and its 200-day moving average is $71.46. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data 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%. Equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Nikki Krishnamurthy sold 20,000 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the transaction, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. The trade was a 11.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 77,154 shares of company stock worth $5,793,869. 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.

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