Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Fernbridge Capital Management LP

Fernbridge Capital Management LP lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 382.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,376,906 shares of the ride-sharing company's stock after acquiring an additional 1,883,988 shares during the quarter. Uber Technologies accounts for 7.5% of Fernbridge Capital Management LP's portfolio, making the stock its 5th largest holding. Fernbridge Capital Management LP owned 0.11% of Uber Technologies worth $143,375,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of 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 worth $10,903,846,000 after buying an additional 2,364,525 shares during the period. Capital Research Global Investors boosted its position in shares of Uber Technologies by 79.0% in the fourth 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 during the period. Geode Capital Management LLC boosted its position in shares of Uber Technologies by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company's stock worth $2,621,929,000 after buying an additional 1,061,088 shares during the period. Capital World Investors boosted its position in shares of Uber Technologies by 10.1% in the fourth quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock worth $1,831,021,000 after buying an additional 2,792,039 shares during the period. Finally, Jennison Associates LLC boosted its position in shares of Uber Technologies by 36.9% in 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. 80.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of research reports. Piper Sandler reissued an "overweight" rating and set a $87.00 price objective (up previously from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Cantor Fitzgerald reissued an "overweight" rating and set a $80.00 price objective on shares of Uber Technologies in a research report on Wednesday, April 16th. The Goldman Sachs Group reissued a "buy" rating and set a $96.00 price objective on shares of Uber Technologies in a research report on Thursday, January 2nd. Needham & Company LLC reissued a "buy" rating and set a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, April 9th. Finally, DA Davidson reduced their price objective on Uber Technologies from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $89.81.

Insiders Place Their Bets

In other news, SVP Nikki Krishnamurthy sold 20,000 shares of the firm's 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 in the company, valued at approximately $25,901,755.56. This trade represents a 5.24 % 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 firm's stock in a transaction on 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 sale, the insider now 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. Insiders sold 77,154 shares of company stock worth $5,793,869 over the last three months. 3.70% of the stock is currently owned by corporate insiders.

Uber Technologies Price Performance

Uber Technologies stock traded up $0.19 during mid-day trading on Thursday, hitting $81.20. 11,007,615 shares of the company were exchanged, compared to its average volume of 22,877,727. 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 $73.55 and a 200 day moving average of $71.48. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The company has a market capitalization of $169.85 billion, a PE ratio of 17.81, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37.

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 (EPS) 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%. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

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.