Rovida Investment Management Ltd Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

Rovida Investment Management Ltd bought a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 110,000 shares of the ride-sharing company's stock, valued at approximately $6,636,000. Uber Technologies makes up 2.1% of Rovida Investment Management Ltd's investment portfolio, making the stock its 12th biggest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Uber Technologies by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company's stock worth $10,903,846,000 after buying an additional 2,364,525 shares during the last quarter. Geode Capital Management LLC raised its stake in Uber Technologies by 2.1% during the third quarter. Geode Capital Management LLC now owns 42,500,359 shares of the ride-sharing company's stock worth $3,184,013,000 after acquiring an additional 893,652 shares in the last quarter. Jennison Associates LLC lifted its holdings 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. Janus Henderson Group PLC boosted its stake in shares of Uber Technologies by 18.3% in the 3rd quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company's stock valued at $998,767,000 after purchasing an additional 2,056,273 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Uber Technologies by 6.2% during the 4th 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. Institutional investors own 80.24% of the company's stock.

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Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Tony West sold 23,404 shares of the company's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the transaction, the insider now owns 114,241 shares in the company, valued at approximately $8,027,715.07. This represents a 17.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of the firm'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 transaction, the insider now directly owns 86,973 shares in the company, valued at $7,046,552.46. This trade represents a 26.28 % 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 over the last ninety days. 3.84% of the stock is owned by company insiders.

Uber Technologies Stock Down 3.0 %

Shares of NYSE UBER traded down $2.23 during trading on Friday, hitting $72.63. 6,300,307 shares of the company traded hands, compared to its average volume of 20,052,232. The firm has a market capitalization of $151.72 billion, a price-to-earnings ratio of 15.91, a P/E/G ratio of 0.89 and a beta of 1.39. The business's fifty day moving average is $73.33 and its 200 day moving average is $71.71. 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, Inc. has a fifty-two week low of $54.84 and a fifty-two 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 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%. Equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of research analyst reports. Arete Research upgraded shares of Uber Technologies to a "hold" rating in a research report on Tuesday, February 18th. Citigroup cut their price objective on Uber Technologies from $98.00 to $92.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Evercore ISI reduced their price objective on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. DA Davidson cut their price target on Uber Technologies from $84.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. reduced their price target on Uber Technologies from $95.00 to $90.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Uber Technologies has a consensus rating of "Moderate Buy" and an average price target of $90.31.

About Uber Technologies

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.