Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Tradition Wealth Management LLC

Tradition Wealth Management LLC increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 33.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,176 shares of the ride-sharing company's stock after purchasing an additional 4,530 shares during the period. Tradition Wealth Management LLC's holdings in Uber Technologies were worth $1,096,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Uber Technologies by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company's stock valued at $10,903,846,000 after acquiring an additional 2,364,525 shares in the last quarter. Capital Research Global Investors lifted its position in Uber Technologies by 79.0% in the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock valued at $7,125,728,000 after purchasing an additional 52,125,476 shares during the period. Geode Capital Management LLC boosted its holdings 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 valued at $2,621,929,000 after purchasing an additional 1,061,088 shares in the last quarter. Capital World Investors increased its position in Uber Technologies by 10.1% during the 4th quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock worth $1,831,021,000 after purchasing an additional 2,792,039 shares during the period. Finally, Jennison Associates LLC raised its stake in shares of Uber Technologies by 36.9% during the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock worth $1,596,086,000 after buying an additional 7,137,512 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insider Buying and Selling

In other news, SVP Nikki Krishnamurthy sold 20,000 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the completion of the transaction, the senior vice president now owns 361,908 shares in the company, valued at approximately $25,901,755.56. This represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction dated 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 sale, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,154 shares of company stock valued at $5,793,869. Insiders own 3.84% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on UBER. JPMorgan Chase & Co. dropped their price objective on Uber Technologies from $90.00 to $80.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. KGI Securities reaffirmed a "neutral" rating and issued a $78.00 target price on shares of Uber Technologies in a report on Tuesday, March 11th. Needham & Company LLC reissued a "buy" rating and set a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, April 9th. Truist Financial upped their price target on Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. Finally, Fox Advisors downgraded shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $89.81.

Uber Technologies Stock Performance

Uber Technologies stock traded down $0.62 during mid-day trading on Wednesday, reaching $73.82. The company's stock had a trading volume of 22,736,748 shares, compared to its average volume of 20,343,562. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The business has a 50 day moving average price of $73.81 and a 200-day moving average price of $71.45. The firm has a market cap of $154.42 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 0.89 and a beta of 1.37.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating 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%. Sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal 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.