Baird Financial Group Inc. Acquires 71,206 Shares of Uber Technologies, Inc. (NYSE:UBER)

Baird Financial Group Inc. raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 52.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,634 shares of the ride-sharing company's stock after acquiring an additional 71,206 shares during the period. Baird Financial Group Inc.'s holdings in Uber Technologies were worth $12,524,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in UBER. Capital Research Global Investors raised its position in shares of Uber Technologies by 79.0% during 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 buying an additional 52,125,476 shares in the last quarter. Norges Bank bought a new position in Uber Technologies during the 4th quarter valued at $1,467,754,000. Jennison Associates LLC increased its position in shares of Uber Technologies by 36.9% during the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock valued at $1,596,086,000 after purchasing an additional 7,137,512 shares during the period. Boston Partners acquired a new stake in shares of Uber Technologies in the fourth quarter valued at $381,057,000. Finally, Assenagon Asset Management S.A. boosted its stake in Uber Technologies by 670.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company's stock valued at $398,809,000 after buying an additional 5,753,637 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Wall Street Analyst Weigh In

UBER has been the subject of several research reports. KGI Securities restated a "neutral" rating and set a $78.00 price objective on shares of Uber Technologies in a research report on Tuesday, March 11th. Evercore ISI dropped their price target on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. Arete Research upgraded Uber Technologies to a "hold" rating in a report on Tuesday, February 18th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $80.00 price target on shares of Uber Technologies in a research report on Wednesday, April 16th. Finally, JMP Securities restated a "market perform" rating on shares of Uber Technologies in a report on Thursday, February 6th. Eleven investment 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 company's stock. According to data from MarketBeat.com, Uber Technologies has an average rating of "Moderate Buy" and a consensus price target of $92.69.

Insider Buying and Selling at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the completion of the sale, the chief financial officer now directly owns 21,063 shares in the company, valued at approximately $1,790,355. This trade represents a 11.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the sale, 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 79,904 shares of company stock worth $6,027,619 over the last ninety days. Corporate insiders own 3.84% of the company's stock.

Uber Technologies Price Performance

NYSE:UBER traded up $0.30 during mid-day trading on Friday, hitting $82.60. The company's stock had a trading volume of 19,093,139 shares, compared to its average volume of 20,143,974. 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 stock has a fifty day moving average of $74.72 and a 200-day moving average of $71.59. The company has a market capitalization of $172.78 billion, a price-to-earnings ratio of 18.11, a P/E/G ratio of 0.89 and a beta of 1.43. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The firm had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. During the same period in the prior year, the business posted ($0.32) earnings per share. The business's revenue was up 13.8% compared to the same quarter last year. As a group, equities analysts forecast 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.