18,839 Shares in Uber Technologies, Inc. (NYSE:UBER) Bought by City National Bank of Florida MSD

City National Bank of Florida MSD acquired a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 18,839 shares of the ride-sharing company's stock, valued at approximately $1,136,000. Uber Technologies makes up approximately 1.0% of City National Bank of Florida MSD's holdings, making the stock its 17th largest position.

A number of other large investors have also modified their holdings of the company. Capital Research Global Investors boosted its position in Uber Technologies by 79.0% during 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 purchasing an additional 52,125,476 shares in the last quarter. Norges Bank acquired a new position in shares of Uber Technologies during the 4th quarter worth approximately $1,467,754,000. Jennison Associates LLC lifted 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 buying an additional 7,137,512 shares in the last quarter. Boston Partners acquired a new stake in Uber Technologies in the 4th quarter valued at $381,057,000. Finally, Toyota Motor Corp purchased a new stake in Uber Technologies in the 4th quarter worth $309,192,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the transaction, the insider now directly owns 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the completion of the sale, the chief financial officer now directly owns 21,063 shares of the company's stock, valued at $1,790,355. The trade was a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 83,788 shares of company stock worth $6,517,070. Corporate insiders own 3.84% of the company's stock.

Uber Technologies Stock Down 3.6%

Shares of Uber Technologies stock opened at $88.56 on Thursday. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $93.60. The company has a market capitalization of $185.18 billion, a P/E ratio of 19.42, a P/E/G ratio of 0.89 and a beta of 1.43. The company has a 50 day moving average of $77.54 and a 200 day moving average of $72.32.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The firm had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the previous year, the firm posted ($0.32) earnings per share. The company's revenue was up 13.8% compared to the same quarter last year. As a group, research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on UBER shares. JMP Securities reiterated a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. KGI Securities reiterated a "neutral" rating and issued a $78.00 price objective on shares of Uber Technologies in a report on Tuesday, March 11th. Wedbush cut Uber Technologies from an "outperform" rating to a "neutral" rating and increased their target price for the company from $80.00 to $85.00 in a report on Thursday, May 8th. TD Cowen reduced their target price on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, KeyCorp boosted their price objective on Uber Technologies from $80.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Eleven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Uber Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $93.69.

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.

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