Schroder Investment Management Group Has $438.70 Million Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Schroder Investment Management Group boosted its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 13.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,272,915 shares of the ride-sharing company's stock after buying an additional 860,257 shares during the period. Schroder Investment Management Group owned approximately 0.35% of Uber Technologies worth $438,702,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Norges Bank acquired a new position in Uber Technologies in the 4th quarter valued at approximately $1,467,754,000. Jennison Associates LLC increased its position in shares of Uber Technologies by 36.9% during the fourth quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock valued at $1,596,086,000 after purchasing an additional 7,137,512 shares during the period. Boston Partners acquired a new position in shares of Uber Technologies in the fourth quarter valued at $381,057,000. Assenagon Asset Management S.A. lifted its position in Uber Technologies by 670.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company's stock worth $398,809,000 after purchasing an additional 5,753,637 shares during the period. Finally, Montrusco Bolton Investments Inc. bought a new stake in Uber Technologies in the 4th quarter valued at $166,072,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Trading Up 0.2 %

Shares of NYSE UBER traded up $0.17 during midday trading on Monday, reaching $72.92. 16,021,299 shares of the stock were exchanged, compared to its average volume of 20,081,198. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The company has a market capitalization of $152.53 billion, a price-to-earnings ratio of 15.99, a P/E/G ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The business has a 50-day simple moving average of $73.44 and a two-hundred day simple moving average of $71.76.

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Uber Technologies (NYSE:UBER - Get Free Report) last posted 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 return on equity of 62.60% and a net margin of 22.41%. As a group, equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was 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 approximately $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 can be accessed through this hyperlink. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were 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 owns 361,908 shares in the company, valued at $25,901,755.56. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 77,154 shares of company stock valued at $5,793,869. 3.84% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Piper Sandler reaffirmed an "overweight" rating and set a $87.00 price objective (up from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Cantor Fitzgerald restated an "overweight" rating and set a $80.00 price target on shares of Uber Technologies in a research note on Thursday, February 6th. Citigroup lowered their price objective on Uber Technologies from $98.00 to $92.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Needham & Company LLC restated a "buy" rating and set a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, February 5th. Finally, Wolfe Research boosted their price target on Uber Technologies from $90.00 to $92.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Ten investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $90.31.

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.