Qtron Investments LLC Grows Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Qtron Investments LLC increased its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 22.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,716 shares of the ride-sharing company's stock after acquiring an additional 4,399 shares during the period. Qtron Investments LLC's holdings in Uber Technologies were worth $1,431,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Soltis Investment Advisors LLC boosted its holdings in Uber Technologies by 11.7% in the third quarter. Soltis Investment Advisors LLC now owns 3,912 shares of the ride-sharing company's stock valued at $294,000 after acquiring an additional 410 shares in the last quarter. M&T Bank Corp boosted its position in shares of Uber Technologies by 4.8% during the third quarter. M&T Bank Corp now owns 175,104 shares of the ride-sharing company's stock valued at $13,161,000 after buying an additional 7,968 shares during the last quarter. Invst LLC raised its holdings in shares of Uber Technologies by 5.0% during the third quarter. Invst LLC now owns 4,108 shares of the ride-sharing company's stock valued at $309,000 after purchasing an additional 197 shares during the last quarter. Advisory Resource Group boosted its stake in shares of Uber Technologies by 1.6% in the 3rd quarter. Advisory Resource Group now owns 13,993 shares of the ride-sharing company's stock worth $1,052,000 after buying an additional 222 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in Uber Technologies during the third quarter valued at approximately $1,328,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on UBER. JPMorgan Chase & Co. dropped their target price on shares of Uber Technologies from $90.00 to $80.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Evercore ISI lowered their target price 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. DA Davidson lowered their target price on shares of Uber Technologies from $84.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 target price on shares of Uber Technologies in a report on Wednesday, April 9th. Finally, Truist Financial increased their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.81.

Uber Technologies Price Performance

Shares of UBER traded down $0.01 during mid-day trading on Wednesday, reaching $74.01. The company had a trading volume of 7,715,622 shares, compared to its average volume of 20,291,401. The company's 50 day simple moving average is $74.19 and its 200 day simple moving average is $71.44. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The company has a market capitalization of $154.81 billion, a price-to-earnings ratio of 16.23, a P/E/G ratio of 0.89 and a beta of 1.37. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data 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 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.

Insider Activity 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 stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the transaction, the chief financial officer now owns 22,162 shares of the company's stock, valued at approximately $1,662,150. The trade was a 11.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 31,000 shares of the company's stock in a transaction on 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 completion of the sale, the insider now directly owns 86,973 shares of the company's stock, valued at $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 valued at $5,793,869 over the last ninety days. Corporate insiders own 3.84% of the company's stock.

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.