Prudential PLC Raises Holdings in Uber Technologies, Inc. (NYSE:UBER)

Prudential PLC grew its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 18.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 204,485 shares of the ride-sharing company's stock after purchasing an additional 32,194 shares during the quarter. Prudential PLC's holdings in Uber Technologies were worth $12,335,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. BloombergSen Inc. boosted its position in Uber Technologies by 56.0% during the fourth quarter. BloombergSen Inc. now owns 27,941 shares of the ride-sharing company's stock worth $1,685,000 after acquiring an additional 10,025 shares during the last quarter. Landscape Capital Management L.L.C. lifted its stake in Uber Technologies by 68.0% in the 4th quarter. Landscape Capital Management L.L.C. now owns 54,461 shares of the ride-sharing company's stock worth $3,285,000 after purchasing an additional 22,037 shares in the last quarter. Astra Wealth Partners LLC acquired a new position in shares of Uber Technologies during the 4th quarter worth approximately $288,000. Provident Investment Management Inc. purchased a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $19,838,000. Finally, Bornite Capital Management LP increased its holdings in shares of Uber Technologies by 60.0% in the fourth quarter. Bornite Capital Management LP now owns 200,000 shares of the ride-sharing company's stock valued at $12,064,000 after purchasing an additional 75,000 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several brokerages have issued reports on UBER. KGI Securities restated a "neutral" rating and issued a $78.00 target price on shares of Uber Technologies in a report on Tuesday, March 11th. Evercore ISI dropped their price objective on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. UBS Group reaffirmed a "buy" rating on shares of Uber Technologies in a research note on Friday, February 21st. Benchmark reissued a "hold" rating on shares of Uber Technologies in a research note on Friday, January 31st. Finally, JMP Securities restated a "market perform" rating on shares of Uber Technologies in a report on Thursday, February 6th. Ten investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and a consensus target price of $90.41.

Uber Technologies Stock Down 7.7 %

Shares of UBER traded down $5.35 during mid-day trading on Friday, reaching $64.50. The company's stock had a trading volume of 34,874,753 shares, compared to its average volume of 20,174,509. 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, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The stock has a market cap of $134.92 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The company's 50 day moving average is $73.75 and its 200 day moving average is $71.76.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity

In related news, insider Tony West sold 23,404 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the transaction, the insider now owns 114,241 shares in the company, valued at $8,027,715.07. The trade was a 17.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was 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. The trade was a 11.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 77,154 shares of company stock valued at $5,793,869 in the last ninety days. 3.84% of the stock is currently owned by company insiders.

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.