Integrated Wealth Concepts LLC Boosts Stake in Uber Technologies, Inc. (NYSE:UBER)

Integrated Wealth Concepts LLC boosted its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 33.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,516 shares of the ride-sharing company's stock after purchasing an additional 12,163 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Uber Technologies were worth $2,927,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Uber Technologies by 1.3% during 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 purchasing an additional 2,364,525 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Uber Technologies by 79.0% during the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after purchasing an additional 52,125,476 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Uber Technologies by 2.5% during the 4th 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 period. Capital World Investors increased its stake in 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 valued at $1,831,021,000 after acquiring an additional 2,792,039 shares during the last quarter. Finally, Jennison Associates LLC lifted its stake in 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. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on UBER shares. Wolfe Research lifted their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Benchmark restated a "hold" rating on shares of Uber Technologies in a research report on Friday, January 31st. TD Cowen decreased their price objective on Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. KeyCorp lowered their price objective on Uber Technologies from $85.00 to $80.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Finally, Wells Fargo & Company raised their price target on shares of Uber Technologies from $87.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, April 3rd. Ten analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and a consensus target price of $89.81.

Insider Activity

In related news, SVP Nikki Krishnamurthy sold 20,000 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $71.57, for a total value of $1,431,400.00. Following the transaction, the senior vice president now directly owns 361,908 shares of the company's stock, valued at approximately $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 can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the sale, the chief financial officer now directly owns 22,162 shares of the company's stock, valued at $1,662,150. This represents a 11.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 77,154 shares of company stock valued at $5,793,869 over the last three months. Insiders own 3.70% of the company's stock.

Uber Technologies Stock Up 0.3 %

Shares of NYSE UBER traded up $0.22 during mid-day trading on Wednesday, hitting $79.64. 5,054,610 shares of the stock traded hands, compared to its average volume of 20,214,321. The stock has a fifty day moving average price of $73.51 and a 200-day moving average price of $71.41. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The company has a market cap of $166.59 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 0.89 and a beta of 1.37. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Uber Technologies 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.