75,640 Shares in Uber Technologies, Inc. (NYSE:UBER) Bought by Tiptree Advisors LLC

Tiptree Advisors LLC bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 75,640 shares of the ride-sharing company's stock, valued at approximately $4,563,000. Uber Technologies accounts for approximately 4.7% of Tiptree Advisors LLC's holdings, making the stock its 10th biggest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Uber Technologies by 1.3% in the 4th 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 last quarter. Capital Research Global Investors lifted 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 valued at $7,125,728,000 after acquiring an additional 52,125,476 shares in the last quarter. Geode Capital Management LLC boosted its stake 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 acquiring an additional 1,061,088 shares during the last quarter. Capital World Investors boosted its stake 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 acquiring an additional 2,792,039 shares during the last quarter. Finally, Jennison Associates LLC increased its position in shares of Uber Technologies by 36.9% during 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 purchasing an additional 7,137,512 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insider Activity at Uber Technologies

In related news, SVP Nikki Krishnamurthy sold 20,000 shares of the business's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $71.57, for a total transaction 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. The trade was a 5.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the 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 directly owns 102,135 shares in the company, valued at $8,786,674.05. This represents a 25.46% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 83,788 shares of company stock worth $6,517,070. 3.84% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Loop Capital restated a "buy" rating and issued a $105.00 price objective (up previously from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Arete Research raised shares of Uber Technologies to a "hold" rating in a research note on Tuesday, February 18th. Citigroup boosted their price target on shares of Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Fox Advisors cut shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. Finally, Wedbush lowered shares of Uber Technologies from an "outperform" rating to a "neutral" rating and raised their target price for the stock from $80.00 to $85.00 in a research note on Thursday, May 8th. Eleven investment 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 company. According to data from MarketBeat.com, Uber Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $93.91.

Uber Technologies Trading Up 1.4%

Shares of UBER stock traded up $1.25 during trading hours on Tuesday, hitting $89.00. The company had a trading volume of 17,434,956 shares, compared to its average volume of 20,428,867. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The stock has a market capitalization of $186.11 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43. The company's fifty day moving average is $78.47 and its 200 day moving average is $72.61. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $93.60.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly 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 return on equity of 62.60% and a net margin of 22.41%. The company had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. During the same period in the prior year, the firm earned ($0.32) earnings per share. The firm's revenue was up 13.8% compared to the same quarter last year. Research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

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.