Uber Technologies, Inc. (NYSE:UBER) Stock Holdings Increased by Savvy Advisors Inc.

Savvy Advisors Inc. grew its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 381.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,202 shares of the ride-sharing company's stock after buying an additional 10,462 shares during the period. Savvy Advisors Inc.'s holdings in Uber Technologies were worth $796,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. M&T Bank Corp grew its holdings in shares of Uber Technologies by 4.8% in the third quarter. M&T Bank Corp now owns 175,104 shares of the ride-sharing company's stock valued at $13,161,000 after purchasing an additional 7,968 shares in the last quarter. Invst LLC raised its stake in shares of Uber Technologies by 5.0% in the third quarter. Invst LLC now owns 4,108 shares of the ride-sharing company's stock valued at $309,000 after acquiring an additional 197 shares in the last quarter. Advisory Resource Group raised its position in Uber Technologies by 1.6% in the 3rd quarter. Advisory Resource Group now owns 13,993 shares of the ride-sharing company's stock valued at $1,052,000 after purchasing an additional 222 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Uber Technologies during the third quarter worth about $1,328,000. Finally, SkyView Investment Advisors LLC increased its stake in shares of Uber Technologies by 3.0% during the third quarter. SkyView Investment Advisors LLC now owns 30,280 shares of the ride-sharing company's stock worth $2,276,000 after buying an additional 875 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on UBER shares. Citizens Jmp lowered shares of Uber Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Benchmark reaffirmed a "hold" rating on shares of Uber Technologies in a report on Friday, January 31st. Evercore ISI reduced their price objective on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, April 9th. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $96.00 price target on shares of Uber Technologies in a research note on Thursday, January 2nd. Ten analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and a consensus target price of $89.81.

Insider Activity at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the sale, the chief financial officer now directly owns 22,162 shares of the company's stock, valued at approximately $1,662,150. This represents a 11.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction that occurred on 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 sale, the insider now owns 86,973 shares in the company, valued at $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,154 shares of company stock valued at $5,793,869. Insiders own 3.84% of the company's stock.

Uber Technologies Stock Up 1.3 %

NYSE:UBER traded up $0.97 during trading hours on Tuesday, hitting $74.07. The stock had a trading volume of 13,754,270 shares, compared to its average volume of 20,339,105. The business has a 50 day simple moving average of $74.11 and a two-hundred day simple moving average of $71.42. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. 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 company has a market cap of $154.94 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping 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%. Analysts predict that Uber Technologies, Inc. will post 2.54 EPS 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.