328,881 Shares in Uber Technologies, Inc. (NYSE:UBER) Bought by Provident Investment Management Inc.

Provident Investment Management Inc. purchased a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 328,881 shares of the ride-sharing company's stock, valued at approximately $19,838,000. Uber Technologies makes up 1.9% of Provident Investment Management Inc.'s portfolio, making the stock its 19th biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Bornite Capital Management LP grew its holdings in shares of Uber Technologies by 60.0% in the 4th quarter. Bornite Capital Management LP now owns 200,000 shares of the ride-sharing company's stock worth $12,064,000 after acquiring an additional 75,000 shares during the last quarter. Uniting Wealth Partners LLC purchased a new position in Uber Technologies in the 4th quarter worth about $241,000. Pitcairn Co. raised its holdings in Uber Technologies by 6.2% during the 4th quarter. Pitcairn Co. now owns 93,690 shares of the ride-sharing company's stock worth $5,651,000 after buying an additional 5,470 shares during the period. DF Dent & Co. Inc. lifted its stake in Uber Technologies by 22.9% during the fourth quarter. DF Dent & Co. Inc. now owns 508,095 shares of the ride-sharing company's stock valued at $30,648,000 after buying an additional 94,717 shares in the last quarter. Finally, Grant Private Wealth Management Inc purchased a new stake in Uber Technologies during the fourth quarter valued at about $213,000. 80.24% of the stock is currently owned by institutional investors.

Insider Transactions at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business'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 in the company, valued at approximately $1,662,150. The trade was a 11.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 31,000 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the transaction, the insider now directly owns 86,973 shares of the company's stock, valued at $7,046,552.46. This represents a 26.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,154 shares of company stock worth $5,793,869 over the last three months. 3.84% of the stock is currently owned by insiders.

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Uber Technologies Stock Performance

UBER traded down $5.35 during trading on Friday, hitting $64.50. The stock had a trading volume of 34,874,753 shares, compared to its average volume of 20,180,043. The firm has a market cap of $134.92 billion, a PE ratio of 14.14, a P/E/G ratio of 0.89 and a beta of 1.37. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The company has a 50 day simple moving average of $73.75 and a 200-day simple moving average of $71.76.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping 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%. Analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on UBER shares. JPMorgan Chase & Co. cut their price target on shares of Uber Technologies from $95.00 to $90.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Royal Bank of Canada reiterated an "outperform" rating and set a $82.00 price objective on shares of Uber Technologies in a research report on Thursday, February 6th. Citizens Jmp lowered Uber Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $80.00 target price on shares of Uber Technologies in a research report on Thursday, February 6th. Finally, Needham & Company LLC reissued a "buy" rating and set a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, February 5th. 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $90.41.

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.