Prudential Financial Inc. Has $190.63 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Prudential Financial Inc. increased its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,160,356 shares of the ride-sharing company's stock after acquiring an additional 73,232 shares during the period. Prudential Financial Inc. owned approximately 0.15% of Uber Technologies worth $190,633,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Uber Technologies by 1.3% in 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. Geode Capital Management LLC grew its holdings in Uber Technologies by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 42,500,359 shares of the ride-sharing company's stock worth $3,184,013,000 after buying an additional 893,652 shares in the last quarter. Jennison Associates LLC increased its position in Uber Technologies by 36.9% in the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock valued at $1,596,086,000 after acquiring an additional 7,137,512 shares during the period. Janus Henderson Group PLC raised its stake in Uber Technologies by 18.3% during the 3rd quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company's stock valued at $998,767,000 after acquiring an additional 2,056,273 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Uber Technologies by 6.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,273,165 shares of the ride-sharing company's stock worth $800,637,000 after acquiring an additional 774,956 shares during the period. 80.24% of the stock is currently owned by institutional investors.

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Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the sale, the insider now directly owns 114,241 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the transaction, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,154 shares of company stock worth $5,793,869 over the last 90 days. 3.84% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

UBER has been the topic of a number of recent analyst reports. UBS Group restated a "buy" rating on shares of Uber Technologies in a research note on Friday, February 21st. Arete Research upgraded shares of Uber Technologies to a "hold" rating in a research report on Tuesday, February 18th. JMP Securities reiterated a "market perform" rating on shares of Uber Technologies in a report on Thursday, February 6th. Evercore ISI lowered their price objective on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $80.00 target price on shares of Uber Technologies in a research report on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Uber Technologies has an average rating of "Moderate Buy" and an average target price of $90.31.

Uber Technologies Stock Down 1.2 %

Shares of UBER stock traded down $0.92 during trading on Tuesday, hitting $75.59. 16,054,128 shares of the company were exchanged, compared to its average volume of 19,689,108. The firm has a market capitalization of $157.91 billion, a price-to-earnings ratio of 16.58, a P/E/G ratio of 0.89 and a beta of 1.39. 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 business's 50-day simple moving average is $72.85 and its 200 day simple moving average is $71.63. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results 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%. As a group, analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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.