Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Strategic Wealth Partners Ltd.

Strategic Wealth Partners Ltd. boosted its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 22.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,196 shares of the ride-sharing company's stock after purchasing an additional 9,489 shares during the quarter. Strategic Wealth Partners Ltd.'s holdings in Uber Technologies were worth $3,148,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UBER. Capital Research Global Investors grew its position 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 buying an additional 52,125,476 shares during the last quarter. Norges Bank acquired a new position in Uber Technologies in the fourth quarter valued at $1,467,754,000. Jennison Associates LLC grew its holdings 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 during the last quarter. Boston Partners acquired a new stake in shares of Uber Technologies during the fourth quarter worth about $381,057,000. Finally, Jericho Capital Asset Management L.P. purchased a new stake in shares of Uber Technologies in the 4th quarter valued at about $298,644,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UBER has been the topic of several research analyst reports. The Goldman Sachs Group lifted their price target on Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. DA Davidson raised their target price on shares of Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Benchmark reiterated a "hold" rating on shares of Uber Technologies in a research report on Friday, January 31st. Barclays raised their price objective on shares of Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, Truist Financial lifted their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $92.69.

Insider Activity

In other Uber Technologies news, insider Tony West sold 23,404 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was 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 owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. This trade represents a 17.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jill Hazelbaker sold 31,000 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the transaction, the insider now directly owns 86,973 shares of the company's stock, valued at approximately $7,046,552.46. This trade represents a 26.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 114,788 shares of company stock worth $9,028,690 over the last 90 days. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Trading Up 1.8%

Shares of Uber Technologies stock opened at $91.80 on Friday. The company has a 50-day moving average of $76.33 and a two-hundred day moving average of $71.94. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $92.90. 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 stock has a market cap of $191.96 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43.

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

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