Alliancebernstein L.P. Increases Position in Uber Technologies, Inc. (NYSE:UBER)

Alliancebernstein L.P. increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 32.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,180,863 shares of the ride-sharing company's stock after acquiring an additional 1,021,036 shares during the period. Alliancebernstein L.P. owned approximately 0.20% of Uber Technologies worth $252,190,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Avion Wealth lifted its position in shares of Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after acquiring an additional 218 shares during the period. Runnymede Capital Advisors Inc. purchased a new position in Uber Technologies in the 4th quarter valued at approximately $28,000. GHP Investment Advisors Inc. raised its holdings in Uber Technologies by 85.1% during the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock worth $29,000 after purchasing an additional 223 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new stake in Uber Technologies during the fourth quarter worth $35,000. Finally, Kieckhefer Group LLC acquired a new stake in Uber Technologies in the fourth quarter valued at $33,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on UBER shares. Truist Financial lifted their price target on Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. Fox Advisors cut shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, March 11th. Royal Bank of Canada reiterated an "outperform" rating and issued a $82.00 price target on shares of Uber Technologies in a research report on Thursday, February 6th. DA Davidson cut their price objective on Uber Technologies from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Finally, Citigroup reduced their target price 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. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $90.31.

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Insider Activity

In other news, insider Tony West sold 23,404 shares of the stock in a transaction dated 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 trade represents a 17.00 % decrease in their ownership of the stock. The transaction 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 firm's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the sale, the chief financial officer now owns 22,162 shares in the company, valued at approximately $1,662,150. The trade was a 11.04 % 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. Company insiders own 3.84% of the company's stock.

Uber Technologies Trading Up 0.2 %

Shares of Uber Technologies stock traded up $0.17 during trading hours on Tuesday, reaching $73.03. The stock had a trading volume of 16,868,970 shares, compared to its average volume of 20,099,981. The firm has a market capitalization of $152.77 billion, a price-to-earnings ratio of 16.02, a P/E/G ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The firm has a 50 day simple moving average of $73.66 and a two-hundred day simple moving average of $71.80.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly 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, 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.