Susquehanna Fundamental Investments LLC Acquires New Position in Uber Technologies, Inc. (NYSE:UBER)

Susquehanna Fundamental Investments LLC bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 15,045 shares of the ride-sharing company's stock, valued at approximately $908,000.

Several other large investors have also added to or reduced their stakes in UBER. Virtus ETF Advisers LLC boosted its holdings in Uber Technologies by 7.7% in the 4th quarter. Virtus ETF Advisers LLC now owns 14,810 shares of the ride-sharing company's stock worth $893,000 after buying an additional 1,062 shares during the period. Arnhold LLC purchased a new position in shares of Uber Technologies in the fourth quarter valued at about $12,513,000. Voya Financial Advisors Inc. grew its position in shares of Uber Technologies by 4.4% during the fourth quarter. Voya Financial Advisors Inc. now owns 12,101 shares of the ride-sharing company's stock worth $735,000 after purchasing an additional 514 shares in the last quarter. Rothschild Capital Partners LLC purchased a new stake in shares of Uber Technologies during the fourth quarter worth about $275,000. Finally, Voyager Global Management LP raised its stake in Uber Technologies by 300.0% during the 4th quarter. Voyager Global Management LP now owns 2,600,000 shares of the ride-sharing company's stock valued at $156,832,000 after purchasing an additional 1,950,000 shares during the period. Hedge funds and other institutional investors own 80.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. DA Davidson cut their price objective on shares of Uber Technologies from $84.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, February 6th. UBS Group reiterated a "buy" rating on shares of Uber Technologies in a report on Friday, February 21st. Arete Research raised shares of Uber Technologies to a "hold" rating in a report on Tuesday, February 18th. Wells Fargo & Company lifted their target price on Uber Technologies from $87.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, April 3rd. Finally, Fox Advisors downgraded Uber Technologies from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, March 11th. Ten equities research 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's stock. According to MarketBeat, Uber Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $89.81.

Insider Activity

In related 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 transaction, the insider now directly owns 86,973 shares of the company's stock, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Tony West sold 23,404 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the sale, the insider now owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. This represents a 17.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 77,154 shares of company stock worth $5,793,869. Company insiders own 3.70% of the company's stock.

Uber Technologies Stock Performance

Shares of NYSE:UBER opened at $84.28 on Friday. The firm's 50 day simple moving average is $73.83 and its 200-day simple moving average is $71.46. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The firm has a market cap of $176.30 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 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%. As a group, equities 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.

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