Markel Group Inc. Has $8.89 Million Holdings in Uber Technologies, Inc. (NYSE:UBER)

Markel Group Inc. increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 11.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 122,000 shares of the ride-sharing company's stock after purchasing an additional 13,000 shares during the period. Markel Group Inc.'s holdings in Uber Technologies were worth $8,889,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC raised its holdings in Uber Technologies by 3.4% in the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after acquiring an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after acquiring an additional 6,129 shares in the last quarter. Bank Pictet & Cie Europe AG acquired a new position in Uber Technologies in the 4th quarter valued at approximately $395,000. Harbour Investments Inc. raised its holdings in Uber Technologies by 25.4% in the 4th quarter. Harbour Investments Inc. now owns 13,575 shares of the ride-sharing company's stock valued at $819,000 after acquiring an additional 2,748 shares in the last quarter. Finally, Evoke Wealth LLC raised its holdings in Uber Technologies by 8.0% in the 4th quarter. Evoke Wealth LLC now owns 5,978 shares of the ride-sharing company's stock valued at $361,000 after acquiring an additional 445 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the transaction, the insider directly owned 102,135 shares of the company's stock, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the completion of the transaction, the chief financial officer directly owned 21,975 shares of the company's stock, valued at approximately $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,384 shares of company stock valued at $3,496,071. 3.84% of the stock is owned by insiders.

Uber Technologies Stock Down 0.3%

Shares of Uber Technologies stock opened at $90.51 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $97.72. The business has a fifty day simple moving average of $89.06 and a 200 day simple moving average of $78.37. The stock has a market cap of $189.27 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 1.15 and a beta of 1.40.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data 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 return on equity of 66.46% and a net margin of 27.07%. The business had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. During the same period in the previous year, the firm earned ($0.32) earnings per share. The firm's quarterly revenue was up 13.8% compared to the same quarter last year. Research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analyst Weigh In

UBER has been the subject of several recent research reports. DA Davidson upped their price target on Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Needham & Company LLC set a $109.00 target price on Uber Technologies and gave the stock a "buy" rating in a report on Monday. The Goldman Sachs Group increased their target price on Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. KeyCorp increased their target price on Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a report on Monday. Finally, UBS Group increased their target price on Uber Technologies from $103.00 to $107.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Thirteen analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $97.63.

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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