4,992 Shares in Uber Technologies, Inc. (NYSE:UBER) Purchased by ZEGA Investments LLC

ZEGA Investments LLC bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,992 shares of the ride-sharing company's stock, valued at approximately $301,000.

Several other large investors have also recently modified their holdings of UBER. PNC Financial Services Group Inc. raised its holdings in Uber Technologies by 26.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 326,829 shares of the ride-sharing company's stock valued at $24,564,000 after acquiring an additional 68,833 shares during the period. First Horizon Advisors Inc. raised its stake in shares of Uber Technologies by 11.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 6,290 shares of the ride-sharing company's stock valued at $473,000 after purchasing an additional 649 shares during the period. Ontario Teachers Pension Plan Board bought a new stake in shares of Uber Technologies during the 3rd quarter valued at $327,000. Moran Wealth Management LLC lifted its holdings in Uber Technologies by 3.2% during the 3rd quarter. Moran Wealth Management LLC now owns 27,970 shares of the ride-sharing company's stock worth $2,102,000 after purchasing an additional 871 shares in the last quarter. Finally, Cornerstone Advisors LLC bought a new position in Uber Technologies in the 3rd quarter worth about $1,150,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Trading Down 1.9 %

Shares of UBER stock traded down $1.43 during mid-day trading on Wednesday, reaching $74.18. The stock had a trading volume of 11,827,485 shares, compared to its average volume of 19,638,196. 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 market capitalization of $154.95 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The stock's 50-day moving average price is $73.06 and its two-hundred day moving average price is $71.67.

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Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Equities analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on UBER. Truist Financial increased their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. Wolfe Research raised their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $82.00 price target on shares of Uber Technologies in a report on Thursday, February 6th. Citizens Jmp lowered Uber Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Finally, KGI Securities restated a "neutral" rating and set a $78.00 target price on shares of Uber Technologies in a research report on Tuesday, March 11th. Ten analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $90.31.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 31,000 shares of the 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 directly owns 86,973 shares of the company's stock, valued at $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies 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 sale, the chief financial officer now directly 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. Insiders sold 77,154 shares of company stock valued at $5,793,869 over the last quarter. 3.84% of the stock is owned by company insiders.

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.