Price T Rowe Associates Inc. MD Sells 25,794,210 Shares of Uber Technologies, Inc. (NYSE:UBER)

Price T Rowe Associates Inc. MD lowered its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 66.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,830,037 shares of the ride-sharing company's stock after selling 25,794,210 shares during the period. Price T Rowe Associates Inc. MD owned 0.61% of Uber Technologies worth $773,909,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in UBER. Avion Wealth grew its position in Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after purchasing an additional 218 shares during the period. Transce3nd LLC bought a new position in shares of Uber Technologies in the fourth quarter valued at $27,000. Runnymede Capital Advisors Inc. acquired a new position in shares of Uber Technologies during the fourth quarter valued at about $28,000. GHP Investment Advisors Inc. increased its position in shares of Uber Technologies by 85.1% during the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock worth $29,000 after acquiring an additional 223 shares in the last quarter. Finally, Kieckhefer Group LLC acquired a new stake in shares of Uber Technologies in the 4th quarter worth about $33,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Buying and Selling

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's 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 sale, the chief financial officer now directly 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Tony West sold 23,404 shares of the business's stock in a transaction that occurred 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 directly owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. This represents a 17.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 77,154 shares of company stock worth $5,793,869. Corporate insiders own 3.84% of the company's stock.

Uber Technologies Stock Down 0.8 %

UBER stock opened at $73.82 on Thursday. The stock has a 50-day simple moving average of $73.70 and a two-hundred day simple moving average of $71.46. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The firm has a market capitalization of $154.42 billion, a PE ratio of 16.19, a PEG ratio of 0.89 and a beta of 1.37. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating 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, equities analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the company. Wolfe Research boosted their price objective on Uber Technologies from $90.00 to $92.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Citizens Jmp downgraded Uber Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. KeyCorp lowered their price target on Uber Technologies from $85.00 to $80.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, April 9th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $80.00 target price on shares of Uber Technologies in a report on Wednesday, April 16th. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.81.

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.

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