NewEdge Advisors LLC Grows Position in Uber Technologies, Inc. (NYSE:UBER)

NewEdge Advisors LLC grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 11.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 224,404 shares of the ride-sharing company's stock after acquiring an additional 22,526 shares during the quarter. NewEdge Advisors LLC's holdings in Uber Technologies were worth $13,536,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Uber Technologies during the fourth quarter valued at $1,467,754,000. Jennison Associates LLC grew its stake in shares of Uber Technologies by 36.9% in 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 acquiring an additional 7,137,512 shares during the period. Boston Partners bought a new stake in shares of Uber Technologies in the fourth quarter worth approximately $381,057,000. Assenagon Asset Management S.A. raised its holdings in shares of Uber Technologies by 670.6% during the fourth 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. Finally, Montrusco Bolton Investments Inc. bought a new position in Uber Technologies during the fourth quarter valued at approximately $166,072,000. Institutional investors own 80.24% of the company's stock.

Analyst Ratings Changes

UBER has been the subject of a number of research reports. UBS Group reiterated a "buy" rating on shares of Uber Technologies in a research note on Friday, February 21st. JPMorgan Chase & Co. reduced their price objective on Uber Technologies from $90.00 to $80.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Wolfe Research boosted their price target on Uber Technologies from $90.00 to $92.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. The Goldman Sachs Group restated a "buy" rating and set a $96.00 target price on shares of Uber Technologies in a research report on Thursday, January 2nd. Finally, KeyCorp dropped their price target on shares of Uber Technologies from $85.00 to $80.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Uber Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.81.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the sale, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction on Thursday, March 20th. The shares were 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 in the company, valued at $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. In the last 90 days, insiders sold 77,154 shares of company stock valued at $5,793,869. 3.84% of the stock is owned by company insiders.

Uber Technologies Stock Up 2.4 %

Shares of UBER stock traded up $1.72 during trading hours on Tuesday, reaching $74.64. 5,048,670 shares of the company's stock were exchanged, compared to its average volume of 23,276,039. The stock has a market cap of $156.13 billion, a PE ratio of 16.36, a PEG ratio of 0.89 and a beta of 1.37. 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's fifty day moving average price is $73.93 and its two-hundred day moving average price is $71.43. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year 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 (EPS) 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%. Research analysts predict 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.