Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Forum Financial Management LP

Forum Financial Management LP lifted its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 51.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,820 shares of the ride-sharing company's stock after purchasing an additional 3,674 shares during the quarter. Forum Financial Management LP's holdings in Uber Technologies were worth $653,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Uber Technologies during the fourth quarter worth approximately $1,467,754,000. Jennison Associates LLC boosted its holdings 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 acquiring an additional 7,137,512 shares in the last quarter. Boston Partners acquired a new stake in Uber Technologies in the fourth quarter valued at about $381,057,000. Assenagon Asset Management S.A. boosted its holdings in Uber Technologies by 670.6% in 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 purchasing an additional 5,753,637 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. acquired a new position in Uber Technologies during the 4th quarter worth approximately $166,072,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insider Buying and Selling

In other news, SVP Nikki Krishnamurthy sold 20,000 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the sale, the senior vice president now owns 361,908 shares in the company, valued at approximately $25,901,755.56. This trade represents a 5.24 % 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 business's stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 22,162 shares in the company, valued at $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. In the last quarter, insiders sold 77,154 shares of company stock valued at $5,793,869. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Trading Up 5.2 %

Shares of UBER traded up $3.80 during mid-day trading on Thursday, hitting $77.57. The company had a trading volume of 7,809,652 shares, compared to its average volume of 20,298,950. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The business's 50-day simple moving average is $73.70 and its 200-day simple moving average is $71.46. The stock has a market cap of $162.26 billion, a PE ratio of 16.97, 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 (NYSE:UBER - Get Free Report) last announced its quarterly earnings results 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%. Sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on UBER shares. DA Davidson reduced their price target on Uber Technologies from $84.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Evercore ISI reduced their target price on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. Piper Sandler reaffirmed an "overweight" rating and set a $87.00 price target (up from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. KGI Securities reiterated a "neutral" rating and issued a $78.00 price objective on shares of Uber Technologies in a research note on Tuesday, March 11th. Finally, The Goldman Sachs Group restated a "buy" rating and set a $96.00 target price on shares of Uber Technologies in a research report on Thursday, January 2nd. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Uber Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $89.81.

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.