Virtu Financial LLC Purchases 48,998 Shares of Uber Technologies, Inc. (NYSE:UBER)

Virtu Financial LLC raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 277.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,673 shares of the ride-sharing company's stock after buying an additional 48,998 shares during the quarter. Virtu Financial LLC's holdings in Uber Technologies were worth $4,022,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Avion Wealth raised its holdings in Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after purchasing an additional 218 shares during the period. GHP Investment Advisors Inc. grew its stake in Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock valued at $29,000 after acquiring an additional 223 shares during the period. Retirement Wealth Solutions LLC bought a new stake in shares of Uber Technologies in the fourth quarter worth about $35,000. Kieckhefer Group LLC acquired a new stake in shares of Uber Technologies during the fourth quarter worth about $33,000. Finally, Fairfield Financial Advisors LTD lifted its holdings in shares of Uber Technologies by 34.0% during the 4th quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company's stock valued at $40,000 after purchasing an additional 170 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

UBER has been the topic of several research analyst reports. The Goldman Sachs Group restated a "buy" rating and set a $96.00 target price on shares of Uber Technologies in a report on Thursday, January 2nd. Citizens Jmp cut shares of Uber Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a research note on Thursday, February 6th. Truist Financial boosted their price target on Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Finally, Fox Advisors downgraded Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. Ten 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. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $90.31.

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Uber Technologies Price Performance

Shares of NYSE:UBER traded down $1.19 during trading on Tuesday, reaching $75.32. 7,498,201 shares of the company traded hands, compared to its average volume of 19,651,368. 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 52 week low of $54.84 and a 52 week high of $87.00. The firm has a market capitalization of $157.34 billion, a PE ratio of 16.55, a PEG ratio of 0.89 and a beta of 1.39. The company's 50 day moving average is $72.85 and its two-hundred day moving average is $71.63.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping 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%. 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 other news, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction dated 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 of the company's stock, valued at approximately $8,027,715.07. This trade represents a 17.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The shares were 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 $1,662,150. This represents a 11.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,154 shares of company stock worth $5,793,869 over the last three months. Corporate insiders own 3.84% of the company's stock.

Uber Technologies 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.