South Plains Financial Inc. Buys Shares of 6,880 Uber Technologies, Inc. (NYSE:UBER)

South Plains Financial Inc. bought a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 6,880 shares of the ride-sharing company's stock, valued at approximately $415,000.

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

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the company's stock in a transaction dated 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 transaction, the insider now owns 86,973 shares in the company, valued at $7,046,552.46. This represents a 26.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 completion of the sale, the chief financial officer now owns 22,162 shares in the company, valued at approximately $1,662,150. The trade was a 11.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,154 shares of company stock worth $5,793,869. 3.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of research reports. Truist Financial raised their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a research report on Thursday, March 6th. DA Davidson reduced their price objective on shares of Uber Technologies from $84.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. KGI Securities restated a "neutral" rating and set a $78.00 target price on shares of Uber Technologies in a report on Tuesday, March 11th. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price target on shares of Uber Technologies in a report on Wednesday, April 9th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $82.00 price objective on shares of Uber Technologies in a research note on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Uber Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.81.

Uber Technologies Stock Performance

Shares of NYSE:UBER traded up $3.39 during midday trading on Friday, reaching $84.28. The company's stock had a trading volume of 22,376,033 shares, compared to its average volume of 20,259,130. The firm has a market capitalization of $176.30 billion, a PE ratio of 18.48, a P/E/G ratio of 0.89 and a beta of 1.37. The stock has a fifty day moving average of $73.83 and a 200 day moving average of $71.46. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. 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 (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. On average, equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal 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.