Reynders McVeigh Capital Management LLC Has $7.92 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Reynders McVeigh Capital Management LLC grew its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 35.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 131,363 shares of the ride-sharing company's stock after purchasing an additional 34,123 shares during the period. Reynders McVeigh Capital Management LLC's holdings in Uber Technologies were worth $7,924,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in UBER. Vanguard Group Inc. increased its stake in Uber Technologies by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company's stock valued at $10,903,846,000 after buying an additional 2,364,525 shares during the period. Geode Capital Management LLC grew its holdings in shares of Uber Technologies by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company's stock valued at $2,621,929,000 after acquiring an additional 1,061,088 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Uber Technologies by 36.9% in the fourth quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock worth $1,596,086,000 after acquiring an additional 7,137,512 shares during the last quarter. Norges Bank purchased a new stake in shares of Uber Technologies during the fourth quarter worth $1,467,754,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Uber Technologies by 6.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,273,165 shares of the ride-sharing company's stock valued at $800,637,000 after purchasing an additional 774,956 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

UBER has been the topic of several research reports. Piper Sandler reaffirmed an "overweight" rating and issued a $87.00 target price (up from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. JMP Securities restated a "market perform" rating on shares of Uber Technologies in a report on Thursday, February 6th. Evercore ISI cut 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 report on Thursday, February 6th. Arete Research raised shares of Uber Technologies to a "hold" rating in a research report on Tuesday, February 18th. Finally, Wolfe Research raised their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $89.81.

Insider Activity

In other Uber Technologies 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 value of $206,250.00. Following the transaction, the chief financial officer now directly owns 22,162 shares in the company, valued at $1,662,150. The trade was a 11.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of the firm's stock in a transaction that occurred 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 sale, the insider now directly owns 86,973 shares of the company's stock, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 77,154 shares of company stock worth $5,793,869. Company insiders own 3.84% of the company's stock.

Uber Technologies Stock Performance

UBER stock traded up $0.97 during midday trading on Tuesday, hitting $74.07. The stock had a trading volume of 13,754,270 shares, compared to its average volume of 20,339,184. The firm has a market capitalization of $154.94 billion, a price-to-earnings ratio of 16.24, 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. The stock has a 50-day simple moving average of $74.19 and a 200 day simple moving average of $71.44. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share 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, equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

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.