17,700 Shares in Uber Technologies, Inc. (NYSE:UBER) Acquired by PARUS FINANCE UK Ltd

PARUS FINANCE UK Ltd purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 17,700 shares of the ride-sharing company's stock, valued at approximately $1,068,000. Uber Technologies comprises about 0.3% of PARUS FINANCE UK Ltd's holdings, making the stock its 24th largest holding.

Several other institutional investors have also recently made changes to their positions in UBER. Teachers Retirement System of The State of Kentucky boosted its stake in Uber Technologies by 4.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company's stock worth $24,180,000 after buying an additional 13,433 shares during the period. Polianta Ltd purchased a new position in shares of Uber Technologies during the 4th quarter worth approximately $1,206,000. Allworth Financial LP increased its holdings in Uber Technologies by 8.9% in the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company's stock valued at $1,229,000 after purchasing an additional 1,663 shares during the last quarter. Brophy Wealth Management LLC purchased a new stake in Uber Technologies in the third quarter valued at approximately $1,041,000. Finally, Lecap Asset Management Ltd. acquired a new position in Uber Technologies during the fourth quarter worth $3,188,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Performance

Shares of Uber Technologies stock traded up $0.17 during trading on Monday, reaching $72.92. The company's stock had a trading volume of 15,369,433 shares, compared to its average volume of 23,926,963. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. 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 cap of $152.53 billion, a PE ratio of 15.99, a P/E/G ratio of 0.89 and a beta of 1.39. The company has a 50-day moving average price of $73.44 and a two-hundred day moving average price of $71.76.

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

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction dated Tuesday, February 18th. The shares were 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 of the company's stock, valued at $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the completion of the sale, the senior vice president now owns 361,908 shares of the company's stock, valued at approximately $25,901,755.56. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,154 shares of company stock valued at $5,793,869. 3.84% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Truist Financial boosted their price objective on Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Wolfe Research boosted their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. lowered their price objective on shares of Uber Technologies from $95.00 to $90.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. UBS Group reaffirmed a "buy" rating on shares of Uber Technologies in a research note on Friday, February 21st. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $80.00 price target on shares of Uber Technologies in a research report on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $90.31.

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.