3G Capital Partners LP Acquires 105,000 Shares of Uber Technologies, Inc. (NYSE:UBER)

3G Capital Partners LP boosted its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 61.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 275,000 shares of the ride-sharing company's stock after purchasing an additional 105,000 shares during the quarter. Uber Technologies makes up about 4.8% of 3G Capital Partners LP's investment portfolio, making the stock its 10th largest holding. 3G Capital Partners LP's holdings in Uber Technologies were worth $16,588,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in UBER. Vanguard Group Inc. lifted its stake in Uber Technologies by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company's stock valued at $10,903,846,000 after buying an additional 2,364,525 shares during the last quarter. Capital Research Global Investors grew its position in Uber Technologies by 79.0% in the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after purchasing an additional 52,125,476 shares during the last quarter. Geode Capital Management LLC grew its position in Uber Technologies by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company's stock worth $2,621,929,000 after purchasing an additional 1,061,088 shares during the last quarter. Capital World Investors raised its holdings in shares of Uber Technologies by 10.1% during the fourth quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock valued at $1,831,021,000 after buying an additional 2,792,039 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in shares of Uber Technologies by 36.9% during the fourth quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock worth $1,596,086,000 after buying an additional 7,137,512 shares during the period. Institutional investors own 80.24% of the company's stock.

Insider Transactions at Uber Technologies

In other Uber Technologies news, 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 completion of the sale, the insider now owns 114,241 shares of the company's stock, valued at $8,027,715.07. This represents a 17.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction that occurred on 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 in the company, valued at approximately $7,046,552.46. This represents 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 90 days. 3.70% of the stock is owned by insiders.

Uber Technologies Stock Up 4.2 %

NYSE UBER traded up $3.39 on Friday, reaching $84.28. The stock had a trading volume of 22,376,033 shares, compared to its average volume of 20,278,011. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The business has a 50 day moving average price of $73.83 and a 200 day moving average price of $71.38. The company has a market capitalization of $176.30 billion, a price-to-earnings ratio of 18.48, a P/E/G ratio of 0.89 and a beta of 1.37.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating 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%. On average, analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on UBER shares. Fox Advisors downgraded Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. JPMorgan Chase & Co. reduced their price objective on shares of Uber Technologies from $90.00 to $80.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Benchmark reissued a "hold" rating on shares of Uber Technologies in a research note on Friday, January 31st. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $82.00 price target on shares of Uber Technologies in a research note on Thursday, February 6th. Finally, Arete Research upgraded shares of Uber Technologies to a "hold" rating in a research note on Tuesday, February 18th. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $89.81.

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.