RiverPark Advisors LLC Purchases 9,210 Shares of Uber Technologies, Inc. (NYSE:UBER)

RiverPark Advisors LLC lifted its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 23.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,353 shares of the ride-sharing company's stock after buying an additional 9,210 shares during the period. Uber Technologies comprises approximately 2.1% of RiverPark Advisors LLC's holdings, making the stock its 15th largest holding. RiverPark Advisors LLC's holdings in Uber Technologies were worth $2,917,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Polianta Ltd acquired a new position in shares of Uber Technologies in the 4th quarter valued at $1,206,000. Allworth Financial LP increased its holdings in Uber Technologies by 8.9% in the fourth quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company's stock valued at $1,229,000 after purchasing an additional 1,663 shares during the last quarter. Lecap Asset Management Ltd. acquired a new position in Uber Technologies in the fourth quarter valued at about $3,188,000. Mirador Capital Partners LP boosted its holdings in Uber Technologies by 40.4% during the fourth quarter. Mirador Capital Partners LP now owns 85,214 shares of the ride-sharing company's stock worth $5,140,000 after buying an additional 24,520 shares during the last quarter. Finally, Tri Ri Asset Management Corp acquired a new position in shares of Uber Technologies during the 3rd quarter worth about $8,243,000. 80.24% of the stock is owned by institutional investors.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on 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 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 transaction 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 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 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. In the last quarter, insiders have sold 77,154 shares of company stock valued at $5,793,869. Company insiders own 3.84% of the company's stock.

Uber Technologies Price Performance

UBER stock opened at $73.82 on Thursday. The stock has a market cap of $154.42 billion, a PE ratio of 16.19, a P/E/G ratio of 0.89 and a beta of 1.37. 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 moving average price of $73.70 and a 200 day moving average price of $71.46. 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 (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating 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 research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on UBER. Truist Financial lifted their target price on Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. Citizens Jmp lowered shares of Uber Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Piper Sandler reaffirmed an "overweight" rating and issued a $87.00 price objective (up from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Arete Research upgraded Uber Technologies to a "hold" rating in a report on Tuesday, February 18th. Finally, DA Davidson reduced their price objective on Uber Technologies from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Ten 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 company's stock. According to MarketBeat, Uber Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $89.81.

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.

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