Uber Technologies, Inc. (NYSE:UBER) Stake Boosted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,958,483 shares of the ride-sharing company's stock after purchasing an additional 87,036 shares during the quarter. Dimensional Fund Advisors LP owned about 0.14% of Uber Technologies worth $178,460,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Avion Wealth lifted its stake in Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after purchasing an additional 218 shares during the last quarter. Runnymede Capital Advisors Inc. acquired a new position in shares of Uber Technologies in the fourth quarter worth $28,000. GHP Investment Advisors Inc. raised its stake in shares of Uber Technologies by 85.1% during the 4th 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 in the last quarter. Kieckhefer Group LLC acquired a new stake in Uber Technologies in the fourth quarter valued at approximately $33,000. Finally, Legacy Investment Solutions LLC raised its holdings in Uber Technologies by 3,038.9% during the fourth quarter. Legacy Investment Solutions LLC now owns 565 shares of the ride-sharing company's stock valued at $34,000 after buying an additional 547 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on UBER. Truist Financial upped their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. The Goldman Sachs Group reiterated a "buy" rating and issued a $96.00 target price on shares of Uber Technologies in a research note on Thursday, January 2nd. TD Cowen dropped their target price on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Evercore ISI dropped their price objective on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. Finally, Citizens Jmp lowered Uber Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. Ten investment 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $89.81.

Insider Activity

In other news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction dated 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 completion of the transaction, the insider now owns 86,973 shares in the company, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tony West sold 23,404 shares of the company's stock in a transaction that occurred 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 directly owns 114,241 shares in the company, valued at $8,027,715.07. This trade represents a 17.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,154 shares of company stock worth $5,793,869. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Trading Down 0.8 %

Shares of Uber Technologies stock opened at $73.82 on Thursday. The company has a 50-day simple moving average of $73.70 and a 200 day simple moving average of $71.46. 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 12-month low of $54.84 and a 12-month high of $87.00. The stock has a market capitalization of $154.42 billion, a P/E ratio of 16.19, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37.

Uber Technologies (NYSE:UBER - Get Free Report) last released its 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%. Research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

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.

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