Lido Advisors LLC Boosts Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Lido Advisors LLC raised its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 10.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 51,544 shares of the ride-sharing company's stock after buying an additional 4,763 shares during the quarter. Lido Advisors LLC's holdings in Uber Technologies were worth $3,109,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of UBER. Capital Research Global Investors raised its holdings 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 worth $7,125,728,000 after buying an additional 52,125,476 shares during the last quarter. Norges Bank acquired a new position in shares of Uber Technologies in the 4th quarter valued at $1,467,754,000. Jennison Associates LLC raised its stake 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 worth $1,596,086,000 after acquiring an additional 7,137,512 shares during the last quarter. Boston Partners acquired a new stake in Uber Technologies during the 4th quarter worth about $381,057,000. Finally, Assenagon Asset Management S.A. grew its stake in Uber Technologies by 670.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company's stock valued at $398,809,000 after purchasing an additional 5,753,637 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 20,000 shares of the 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 sale, the senior vice president now directly owns 361,908 shares of the company's stock, valued at $25,901,755.56. This 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, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the sale, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. This trade represents a 11.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 77,154 shares of company stock worth $5,793,869. Corporate insiders own 3.70% of the company's stock.

Uber Technologies Trading Up 2.1 %

NYSE:UBER opened at $81.07 on Thursday. 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 cap of $169.58 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The stock's 50-day moving average is $73.55 and its two-hundred day moving average is $71.48. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. As a group, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on UBER shares. JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a report on Thursday, February 6th. Wells Fargo & Company lifted their price objective on shares of Uber Technologies from $87.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, April 3rd. Citigroup cut their price objective on shares of Uber Technologies from $98.00 to $92.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Piper Sandler restated an "overweight" rating and set a $87.00 target price (up from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. cut their price target on Uber Technologies from $90.00 to $80.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $89.81.

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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