Parametrica Management Ltd Buys 11,270 Shares of Uber Technologies, Inc. (NYSE:UBER)

Parametrica Management Ltd lifted its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 66.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,233 shares of the ride-sharing company's stock after acquiring an additional 11,270 shares during the period. Uber Technologies makes up 2.3% of Parametrica Management Ltd's portfolio, making the stock its 12th biggest position. Parametrica Management Ltd's holdings in Uber Technologies were worth $1,703,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Jennison Associates LLC lifted 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 worth $1,596,086,000 after purchasing an additional 7,137,512 shares during the last quarter. Boston Partners bought a new stake in Uber Technologies in the 4th quarter valued at about $381,057,000. Assenagon Asset Management S.A. raised its holdings in shares of Uber Technologies by 670.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company's stock valued at $398,809,000 after buying an additional 5,753,637 shares during the last quarter. Montrusco Bolton Investments Inc. acquired a new position in Uber Technologies during the 4th quarter worth $166,072,000. Finally, Vanguard Group Inc. lifted its holdings in 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 worth $10,903,846,000 after purchasing an additional 2,364,525 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on 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 of the company's stock, valued at $1,662,150. The trade was a 11.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jill Hazelbaker sold 31,000 shares of the 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 sale, the insider now directly owns 86,973 shares of the company's stock, valued at $7,046,552.46. The trade was a 26.28 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,154 shares of company stock valued at $5,793,869. Insiders own 3.84% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on UBER shares. Citigroup dropped 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. Wolfe Research lifted their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Piper Sandler reaffirmed an "overweight" rating and set a $87.00 target price (up previously from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Truist Financial increased their price objective on Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $96.00 target price on shares of Uber Technologies in a research report on Thursday, January 2nd. Ten analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $90.31.

Uber Technologies Price Performance

NYSE:UBER traded down $2.34 during mid-day trading on Friday, reaching $72.52. The stock had a trading volume of 7,369,359 shares, compared to its average volume of 20,056,332. The stock has a market capitalization of $151.49 billion, a P/E ratio of 15.88, a P/E/G ratio of 0.89 and a beta of 1.39. The firm has a 50 day moving average price of $73.33 and a two-hundred day moving average price of $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 one year low of $54.84 and a one year high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating 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, analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share 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.