Silvercrest Asset Management Group LLC Purchases 26,197 Shares of Uber Technologies, Inc. (NYSE:UBER)

Silvercrest Asset Management Group LLC boosted its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 52.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 76,618 shares of the ride-sharing company's stock after acquiring an additional 26,197 shares during the quarter. Silvercrest Asset Management Group LLC's holdings in Uber Technologies were worth $4,622,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in UBER. Capital Research Global Investors lifted its position in 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 bought a new position in Uber Technologies in the 4th quarter valued at about $1,467,754,000. Jennison Associates LLC lifted 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 acquiring an additional 7,137,512 shares in the last quarter. Boston Partners bought a new position in Uber Technologies in the 4th quarter valued at about $381,057,000. Finally, Jericho Capital Asset Management L.P. bought a new position in Uber Technologies in the 4th quarter valued at about $298,644,000. Institutional investors own 80.24% of the company's stock.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 20,000 shares of the firm's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the transaction, the senior vice president now directly owns 361,908 shares of the company's stock, valued at $25,901,755.56. This trade represents a 5.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Tony West sold 23,404 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the transaction, the insider now directly owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. The trade was a 17.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 83,788 shares of company stock valued at $6,517,070 in the last three months. Company insiders own 3.84% of the company's stock.

Uber Technologies Stock Up 0.7%

Uber Technologies stock opened at $92.41 on Tuesday. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $92.90. The firm has a market capitalization of $193.24 billion, a price-to-earnings ratio of 20.27, 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. The firm has a 50 day simple moving average of $76.76 and a 200 day simple moving average of $72.07.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating 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 business had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same period in the previous year, the business earned ($0.32) EPS. Uber Technologies's revenue was up 13.8% compared to the same quarter last year. On average, analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on UBER. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $80.00 price target on shares of Uber Technologies in a research report on Wednesday, April 16th. Wedbush lowered shares of Uber Technologies from an "outperform" rating to a "neutral" rating and increased their price objective for the company from $80.00 to $85.00 in a research note on Thursday, May 8th. Benchmark reiterated a "hold" rating on shares of Uber Technologies in a research note on Friday, January 31st. TD Cowen decreased their price objective on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Evercore ISI decreased their price objective on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $92.69.

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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