Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. grew its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 180,766,683 shares of the ride-sharing company's stock after purchasing an additional 2,364,525 shares during the period. Vanguard Group Inc. owned approximately 8.58% of Uber Technologies worth $10,903,846,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Ontario Teachers Pension Plan Board acquired a new position in Uber Technologies during the 3rd quarter worth about $327,000. Nwam LLC increased its stake in Uber Technologies by 5.6% during the third quarter. Nwam LLC now owns 10,559 shares of the ride-sharing company's stock worth $794,000 after purchasing an additional 562 shares during the period. Nicolet Advisory Services LLC lifted its position in shares of Uber Technologies by 3.6% during the third quarter. Nicolet Advisory Services LLC now owns 5,660 shares of the ride-sharing company's stock worth $413,000 after purchasing an additional 199 shares in the last quarter. Great Valley Advisor Group Inc. boosted its stake in shares of Uber Technologies by 11.5% in the third quarter. Great Valley Advisor Group Inc. now owns 44,611 shares of the ride-sharing company's stock valued at $3,353,000 after purchasing an additional 4,584 shares during the period. Finally, Cerity Partners LLC grew its holdings in shares of Uber Technologies by 36.0% in the third quarter. Cerity Partners LLC now owns 430,206 shares of the ride-sharing company's stock valued at $32,334,000 after purchasing an additional 113,989 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. KGI Securities restated a "neutral" rating and set a $78.00 price target on shares of Uber Technologies in a report on Tuesday, March 11th. Fox Advisors cut shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. UBS Group reiterated a "buy" rating on shares of Uber Technologies in a research note on Friday, February 21st. Arete Research raised shares of Uber Technologies to a "hold" rating in a research report on Tuesday, February 18th. Finally, Wolfe Research lifted their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $90.31.

Insider Buying and Selling 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 transaction of $1,644,599.08. Following 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 Securities & Exchange Commission, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the transaction, the chief financial officer now directly owns 22,162 shares of the company's stock, valued at approximately $1,662,150. This trade represents a 11.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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.

Uber Technologies Price Performance

Shares of NYSE UBER traded down $0.92 during midday trading on Tuesday, hitting $75.59. The company had a trading volume of 16,042,334 shares, compared to its average volume of 19,651,368. The firm has a market capitalization of $157.91 billion, a price-to-earnings ratio of 16.58, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. 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 simple moving average of $72.85 and a two-hundred day simple moving average of $71.63. 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 (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current 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.