Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Titleist Asset Management LLC

Titleist Asset Management LLC grew its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 151.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,604 shares of the ride-sharing company's stock after purchasing an additional 13,612 shares during the quarter. Titleist Asset Management LLC's holdings in Uber Technologies were worth $1,363,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Uber Technologies during the 4th quarter valued at about $1,467,754,000. Jennison Associates LLC grew its position in shares of 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 valued at $1,596,086,000 after purchasing an additional 7,137,512 shares during the last quarter. Boston Partners acquired a new stake in Uber Technologies in the 4th quarter worth about $381,057,000. Assenagon Asset Management S.A. lifted its position in shares of Uber Technologies by 670.6% during the 4th 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 acquiring an additional 5,753,637 shares during the period. Finally, Montrusco Bolton Investments Inc. acquired a new stake in shares of Uber Technologies during the 4th quarter worth approximately $166,072,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Tony West sold 23,404 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the sale, the insider now owns 114,241 shares in the company, valued at approximately $8,027,715.07. This represents a 17.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 77,154 shares of company stock worth $5,793,869. Insiders own 3.84% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages have recently commented on UBER. Fox Advisors lowered shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, February 5th. Benchmark reiterated a "hold" rating on shares of Uber Technologies in a research note on Friday, January 31st. JMP Securities reiterated a "market perform" rating on shares of Uber Technologies in a research report on Thursday, February 6th. Finally, Citizens Jmp lowered shares of Uber Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and an average target price of $90.41.

Uber Technologies Stock Up 1.5 %

UBER stock traded up $0.98 during midday trading on Monday, reaching $65.60. 32,792,988 shares of the company's stock traded hands, compared to its average volume of 20,225,010. The company has a market cap of $137.21 billion, a price-to-earnings ratio of 14.38, a P/E/G ratio of 0.89 and a beta of 1.37. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The firm's fifty day moving average price is $73.75 and its 200-day moving average price is $71.74.

Uber Technologies (NYSE:UBER - Get Free Report) last released 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%. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

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.