Rovida Advisors Inc. Takes $4.94 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Rovida Advisors Inc. purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 81,815 shares of the ride-sharing company's stock, valued at approximately $4,936,000. Uber Technologies makes up about 3.8% of Rovida Advisors Inc.'s holdings, making the stock its 9th biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Welch & Forbes LLC grew its stake in shares of Uber Technologies by 3.9% in the fourth quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company's stock valued at $237,000 after buying an additional 148 shares in the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC lifted its stake in Uber Technologies by 3.5% in the fourth quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company's stock valued at $282,000 after acquiring an additional 150 shares during the last quarter. Drive Wealth Management LLC grew its position in shares of Uber Technologies by 3.1% in the 4th quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company's stock valued at $312,000 after acquiring an additional 155 shares during the period. Institute for Wealth Management LLC. increased its stake in shares of Uber Technologies by 2.4% during the 4th quarter. Institute for Wealth Management LLC. now owns 6,606 shares of the ride-sharing company's stock worth $398,000 after purchasing an additional 155 shares during the last quarter. Finally, Fairfield Financial Advisors LTD raised its holdings in shares of Uber Technologies by 34.0% in the 4th quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company's stock valued at $40,000 after purchasing an additional 170 shares during the period. 80.24% of the stock is owned by institutional investors.

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Uber Technologies Price Performance

Shares of Uber Technologies stock traded down $2.34 during midday trading on Friday, hitting $72.52. 7,369,359 shares of the company traded hands, compared to its average volume of 20,056,418. The stock has a market cap of $151.49 billion, a price-to-earnings ratio of 15.88, a PEG 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 firm's fifty day moving average price is $73.33 and its 200-day moving average price is $71.71. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00.

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. DA Davidson lowered their price target on Uber Technologies from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Fox Advisors lowered Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a 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, Evercore ISI cut their target price on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $90.31.

Insider Activity at Uber Technologies

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 20,000 shares of Uber Technologies stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the sale, the senior vice president now directly owns 361,908 shares in the company, valued at approximately $25,901,755.56. The trade was a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the transaction, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. This represents a 11.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 77,154 shares of company stock worth $5,793,869 in the last quarter. 3.84% of the stock is owned by 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.