Dakota Wealth Management Has $2.37 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Dakota Wealth Management lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 49.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,533 shares of the ride-sharing company's stock after acquiring an additional 12,830 shares during the quarter. Dakota Wealth Management's holdings in Uber Technologies were worth $2,372,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. American Century Companies Inc. grew its holdings in Uber Technologies by 28.7% during the 1st quarter. American Century Companies Inc. now owns 23,045 shares of the ride-sharing company's stock worth $822,000 after acquiring an additional 5,142 shares in the last quarter. MetLife Investment Management LLC purchased a new stake in shares of Uber Technologies in the 1st quarter worth approximately $3,359,000. Panagora Asset Management Inc. boosted its stake in shares of Uber Technologies by 29.3% during the first quarter. Panagora Asset Management Inc. now owns 22,650 shares of the ride-sharing company's stock valued at $808,000 after purchasing an additional 5,134 shares in the last quarter. Yousif Capital Management LLC increased its holdings in Uber Technologies by 11.7% during the first quarter. Yousif Capital Management LLC now owns 26,298 shares of the ride-sharing company's stock valued at $938,000 after buying an additional 2,756 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Uber Technologies by 17.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,144,337 shares of the ride-sharing company's stock worth $40,838,000 after buying an additional 168,475 shares in the last quarter. Institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Performance

NYSE UBER traded down $2.21 during mid-day trading on Wednesday, reaching $71.92. 15,358,819 shares of the stock were exchanged, compared to its average volume of 19,528,598. The company has a market capitalization of $149.69 billion, a P/E ratio of 83.63, a P/E/G ratio of 1.18 and a beta of 1.36. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. The business's 50 day moving average is $76.91 and its 200-day moving average is $63.22. Uber Technologies, Inc. has a 1 year low of $29.22 and a 1 year high of $82.14.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.50. The business had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.76 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The company's revenue for the quarter was up 15.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.29 EPS. On average, equities research analysts forecast that Uber Technologies, Inc. will post 1.2 EPS for the current fiscal year.

Insider Activity

In other news, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total value of $1,556,600.00. Following the sale, the insider now owns 107,290 shares in the company, valued at $8,350,380.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the transaction, the insider now directly owns 107,290 shares of the company's stock, valued at approximately $8,350,380.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Tony West sold 18,750 shares of the firm's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the transaction, the insider now owns 185,566 shares in the company, valued at approximately $13,004,465.28. The disclosure for this sale can be found here. Company insiders own 3.80% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on UBER shares. TheStreet upgraded Uber Technologies from a "c" rating to a "b-" rating in a research note on Wednesday, February 7th. Roth Mkm lifted their price objective on shares of Uber Technologies from $72.00 to $79.00 and gave the stock a "buy" rating in a research report on Thursday, February 8th. UBS Group increased their target price on shares of Uber Technologies from $94.00 to $96.00 and gave the company a "buy" rating in a research report on Thursday, February 15th. Mizuho lifted their price target on shares of Uber Technologies from $77.00 to $83.00 and gave the stock a "buy" rating in a report on Thursday, February 8th. Finally, Bank of America increased their price objective on Uber Technologies from $68.00 to $73.00 and gave the company a "buy" rating in a report on Tuesday, January 30th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company's stock. Based on data from MarketBeat, Uber Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $78.21.

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.