Rockefeller Capital Management L.P. Grows Holdings in Uber Technologies, Inc. (NYSE:UBER)

Rockefeller Capital Management L.P. boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 29.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,736,825 shares of the ride-sharing company's stock after acquiring an additional 625,773 shares during the period. Rockefeller Capital Management L.P. owned about 0.13% of Uber Technologies worth $165,088,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Polianta Ltd purchased a new position in Uber Technologies in the 4th quarter worth approximately $1,206,000. Allworth Financial LP increased its holdings in shares of Uber Technologies by 8.9% in the fourth quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company's stock valued at $1,229,000 after purchasing an additional 1,663 shares during the last quarter. Lecap Asset Management Ltd. purchased a new position in Uber Technologies during the fourth quarter worth approximately $3,188,000. Mirador Capital Partners LP boosted its stake in Uber Technologies by 40.4% during the fourth quarter. Mirador Capital Partners LP now owns 85,214 shares of the ride-sharing company's stock worth $5,140,000 after buying an additional 24,520 shares during the last quarter. Finally, Tri Ri Asset Management Corp purchased a new stake in Uber Technologies in the 3rd quarter valued at $8,243,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Trading Up 1.2 %

Shares of UBER traded up $0.84 on Monday, hitting $73.12. 12,468,447 shares of the stock traded hands, compared to its average volume of 20,348,421. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The stock's 50 day moving average is $73.94 and its two-hundred day moving average is $71.44. The firm has a market capitalization of $152.95 billion, a P/E ratio of 16.04, 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.

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Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (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%. As a group, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In related news, insider Tony West sold 23,404 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the transaction, the insider now owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. This represents a 17.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the business's stock in a transaction on 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 sale, the senior vice president now directly owns 361,908 shares of the company's stock, valued at $25,901,755.56. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 77,154 shares of company stock worth $5,793,869 in the last 90 days. 3.84% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on UBER shares. Cantor Fitzgerald reissued an "overweight" rating and set a $80.00 price target on shares of Uber Technologies in a research report on Thursday, February 6th. Citizens Jmp lowered shares of Uber Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Evercore ISI cut their price target on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. JPMorgan Chase & Co. decreased 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. Finally, Citigroup cut their target price on Uber Technologies from $98.00 to $92.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and a consensus price target of $89.97.

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.