XTX Topco Ltd Grows Position in Uber Technologies, Inc. (NYSE:UBER)

XTX Topco Ltd lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 31.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 46,614 shares of the ride-sharing company's stock after acquiring an additional 11,282 shares during the period. XTX Topco Ltd's holdings in Uber Technologies were worth $2,812,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on UBER shares. Truist Financial upped their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. Evercore ISI cut their price objective on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. KGI Securities reissued a "neutral" rating and issued a $78.00 price target on shares of Uber Technologies in a research note on Tuesday, March 11th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $80.00 price objective on shares of Uber Technologies in a report on Thursday, February 6th. Finally, JMP Securities restated a "market perform" rating on shares of Uber Technologies in a research report on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Uber Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $89.81.

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Insider Buying and Selling

In related news, insider Tony West sold 23,404 shares of the stock in a transaction 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 owns 114,241 shares of the company's stock, valued at $8,027,715.07. This trade represents a 17.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Hazelbaker sold 31,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the transaction, the insider now directly owns 86,973 shares of the company's stock, valued at $7,046,552.46. The trade was a 26.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,154 shares of company stock worth $5,793,869 in the last quarter. Company insiders own 3.84% of the company's stock.

Uber Technologies Stock Performance

Shares of UBER stock traded up $0.97 during trading hours on Tuesday, reaching $74.07. 13,754,270 shares of the company's stock were exchanged, compared to its average volume of 20,339,105. The company's 50 day moving average is $74.11 and its two-hundred day moving average is $71.42. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The company has a market cap of $154.94 billion, a P/E ratio of 16.24, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41.

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 (EPS) 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%. Equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal 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.