7,175 Shares in Uber Technologies, Inc. (NYSE:UBER) Purchased by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 7,175 shares of the ride-sharing company's stock, valued at approximately $433,000.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of 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 worth $10,903,846,000 after acquiring an additional 2,364,525 shares during the last quarter. Geode Capital Management LLC raised its position in Uber Technologies by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company's stock worth $2,621,929,000 after purchasing an additional 1,061,088 shares during the period. Jennison Associates LLC lifted its stake in 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 purchasing an additional 7,137,512 shares during the last quarter. Norges Bank purchased a new stake in Uber Technologies during the fourth quarter valued at about $1,467,754,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of 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 buying an additional 774,956 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies Stock Performance

UBER stock traded up $2.22 during trading on Friday, reaching $75.28. The stock had a trading volume of 21,882,922 shares, compared to its average volume of 20,370,869. The firm has a market cap of $157.47 billion, a PE ratio of 16.51, a PEG 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's 50 day moving average is $74.06 and its two-hundred day moving average is $71.46. 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 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 net margin of 22.41% and a return on equity of 62.60%. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group restated a "buy" rating and set a $96.00 target price on shares of Uber Technologies in a report on Thursday, January 2nd. Evercore ISI dropped their price objective on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. KeyCorp cut their target price on shares of Uber Technologies from $85.00 to $80.00 and set an "overweight" rating on the stock in a report on Tuesday. Cantor Fitzgerald reiterated an "overweight" rating and set a $80.00 price target on shares of Uber Technologies in a report on Wednesday. Finally, JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a report on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.81.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the transaction, the insider now owns 86,973 shares of the company's stock, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies 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 approximately $1,662,150. The trade was a 11.04 % 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 worth $5,793,869 in the last 90 days. 3.84% of the stock is currently owned by insiders.

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.