Vanguard Capital Wealth Advisors Purchases Shares of 7,300 Uber Technologies, Inc. (NYSE:UBER)

Vanguard Capital Wealth Advisors purchased a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 7,300 shares of the ride-sharing company's stock, valued at approximately $440,000.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Uber Technologies by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company's stock valued at $10,903,846,000 after buying an additional 2,364,525 shares during the last quarter. Capital Research Global Investors boosted its position in shares of Uber Technologies by 79.0% during the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after buying an additional 52,125,476 shares during the period. Geode Capital Management LLC lifted its position in shares of Uber Technologies by 2.5% during 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 purchasing an additional 1,061,088 shares in the last quarter. Capital World Investors boosted its position in Uber Technologies by 10.1% in the 4th quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock valued at $1,831,021,000 after buying an additional 2,792,039 shares during the period. Finally, Jennison Associates LLC boosted its stake in shares of 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 buying an additional 7,137,512 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction on Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the sale, the insider now owns 102,135 shares in the company, valued at $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the sale, the chief financial officer now directly owns 21,063 shares in the company, valued at $1,790,355. This trade represents a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 83,788 shares of company stock valued at $6,517,070. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $92.41 on Tuesday. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $94.17. The business has a fifty day simple moving average of $76.76 and a 200-day simple moving average of $72.07. The company has a market cap of $193.24 billion, a P/E ratio of 20.27, a P/E/G ratio of 0.89 and a beta of 1.43.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group raised their target price on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Truist Financial upped their target price on Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. JMP Securities reiterated a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. KGI Securities restated a "neutral" rating and issued a $78.00 target price on shares of Uber Technologies in a report on Tuesday, March 11th. Finally, Raymond James increased their target price on shares of Uber Technologies from $95.00 to $100.00 and gave the stock a "strong-buy" rating in a research report on Thursday, May 8th. Eleven 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 stock. According to data from MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $92.69.

Uber Technologies Company 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.

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