PharVision Advisers LLC Takes $223,000 Position in Uber Technologies, Inc. (NYSE:UBER)

PharVision Advisers LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,703 shares of the ride-sharing company's stock, valued at approximately $223,000.

Several other hedge funds also recently modified their holdings of UBER. Capital Research Global Investors increased its stake in shares of 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 valued at $7,125,728,000 after acquiring an additional 52,125,476 shares in the last quarter. Norges Bank acquired a new stake in Uber Technologies in the 4th quarter valued at $1,467,754,000. Jennison Associates LLC grew its position in Uber Technologies by 36.9% in 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 Uber Technologies in the 4th quarter valued at $381,057,000. Finally, Toyota Motor Corp acquired a new stake in Uber Technologies in the 4th quarter valued at $309,192,000. Institutional investors own 80.24% of the company's stock.

Insider Activity at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the sale, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. The trade was a 11.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the sale, the insider now owns 102,135 shares in the company, valued at $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 83,788 shares of company stock worth $6,517,070. Company insiders own 3.84% of the company's stock.

Wall Street Analyst Weigh In

UBER has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on shares of Uber Technologies from $92.00 to $105.00 and gave the company an "overweight" rating in a research report on Tuesday, May 20th. Tigress Financial set a $110.00 price target on shares of Uber Technologies and gave the company a "buy" rating in a research report on Friday. Needham & Company LLC reissued a "buy" rating and issued a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, May 7th. Fox Advisors downgraded shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, March 11th. Finally, Benchmark reaffirmed a "hold" rating on shares of Uber Technologies in a report on Friday, January 31st. 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. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $93.91.

Uber Technologies Stock Performance

Shares of NYSE:UBER traded up $0.94 during midday trading on Tuesday, reaching $88.69. The company had a trading volume of 6,506,071 shares, compared to its average volume of 23,332,736. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $93.60. The company's 50 day moving average price is $78.47 and its 200 day moving average price is $72.61. The stock has a market cap of $185.46 billion, a P/E ratio of 19.45, a P/E/G ratio of 0.89 and a beta of 1.43. 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 (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) 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 business had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. During the same period in the previous year, the business posted ($0.32) EPS. The firm's quarterly revenue was up 13.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Uber Technologies 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.