Eminence Capital LP Grows Holdings in Uber Technologies, Inc. (NYSE:UBER)

Eminence Capital LP increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,269,161 shares of the ride-sharing company's stock after acquiring an additional 10,214 shares during the period. Uber Technologies makes up 2.1% of Eminence Capital LP's investment portfolio, making the stock its 21st largest holding. Eminence Capital LP owned about 0.11% of Uber Technologies worth $136,876,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Polianta Ltd bought a new position in Uber Technologies during the 4th quarter valued at approximately $1,206,000. Allworth Financial LP boosted its stake in Uber Technologies by 8.9% in the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company's stock worth $1,229,000 after purchasing an additional 1,663 shares in the last quarter. Lecap Asset Management Ltd. purchased a new stake in Uber Technologies during the 4th quarter valued at about $3,188,000. Mirador Capital Partners LP increased its stake in Uber Technologies by 40.4% during the 4th quarter. Mirador Capital Partners LP now owns 85,214 shares of the ride-sharing company's stock valued at $5,140,000 after purchasing an additional 24,520 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft raised its holdings in Uber Technologies by 1,705.2% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 56,592 shares of the ride-sharing company's stock worth $3,414,000 after buying an additional 53,457 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Up 0.7 %

Shares of UBER opened at $86.06 on Wednesday. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.55. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The business has a fifty day moving average of $74.26 and a 200 day moving average of $71.47. The company has a market cap of $180.03 billion, a PE ratio of 18.87, a P/E/G ratio of 0.89 and a beta of 1.43.

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

Insider Buying and Selling

In related news, insider Tony West sold 23,404 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through 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 sale, the insider now directly owns 86,973 shares of the company's stock, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 77,154 shares of company stock valued at $5,793,869. Insiders own 3.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on UBER. JPMorgan Chase & Co. cut their price target on shares of Uber Technologies from $90.00 to $80.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. DA Davidson lowered their price target on Uber Technologies from $84.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. UBS Group reiterated a "buy" rating on shares of Uber Technologies in a report on Friday, February 21st. Piper Sandler restated an "overweight" rating and set a $87.00 target price (up previously from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, April 9th. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus 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.

Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.