Arnhold LLC Buys New Shares in Uber Technologies, Inc. (NYSE:UBER)

Arnhold LLC acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 207,442 shares of the ride-sharing company's stock, valued at approximately $12,513,000. Uber Technologies accounts for about 1.2% of Arnhold LLC's investment portfolio, making the stock its 28th biggest holding.

A number of other large investors have also made changes to their positions in UBER. Voya Financial Advisors Inc. boosted its stake in Uber Technologies by 4.4% in the 4th quarter. Voya Financial Advisors Inc. now owns 12,101 shares of the ride-sharing company's stock valued at $735,000 after buying an additional 514 shares in the last quarter. Rothschild Capital Partners LLC bought a new position in Uber Technologies during the fourth quarter worth about $275,000. Voyager Global Management LP grew its holdings in shares of Uber Technologies by 300.0% in the 4th quarter. Voyager Global Management LP now owns 2,600,000 shares of the ride-sharing company's stock valued at $156,832,000 after buying an additional 1,950,000 shares during the period. Kovitz Investment Group Partners LLC increased its stake in Uber Technologies by 824.4% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 564,276 shares of the ride-sharing company's stock worth $34,037,000 after purchasing an additional 503,232 shares in the last quarter. Finally, Empire Financial Management Company LLC acquired a new stake in shares of Uber Technologies in the 4th quarter valued at about $1,225,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on UBER shares. The Goldman Sachs Group reissued a "buy" rating and set a $96.00 price target on shares of Uber Technologies in a research report on Thursday, January 2nd. KGI Securities restated a "neutral" rating and set a $78.00 price objective on shares of Uber Technologies in a report on Tuesday, March 11th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $82.00 price target on shares of Uber Technologies in a research report on Thursday, February 6th. Cantor Fitzgerald reiterated an "overweight" rating and set a $80.00 target price on shares of Uber Technologies in a research report on Wednesday, April 16th. Finally, Piper Sandler reissued an "overweight" rating and issued a $87.00 price objective (up from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Ten 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $89.81.

Uber Technologies Trading Up 1.0 %

NYSE UBER traded up $0.76 during trading on Tuesday, hitting $79.09. 6,179,376 shares of the company's stock traded hands, compared to its average volume of 20,253,988. 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, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The firm has a market cap of $165.43 billion, a P/E ratio of 17.37, a PEG ratio of 0.89 and a beta of 1.37. The stock has a fifty day moving average of $73.55 and a two-hundred day moving average of $71.35.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping the consensus estimate 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 expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the sale, the chief financial officer now owns 22,162 shares in the company, valued at $1,662,150. This represents a 11.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Nikki Krishnamurthy sold 20,000 shares of Uber Technologies stock in a transaction on 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 directly owns 361,908 shares of the company's stock, valued at approximately $25,901,755.56. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,154 shares of company stock worth $5,793,869. 3.84% of the stock is owned by corporate 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.