NZS Capital LLC Has $34.72 Million Position in Uber Technologies, Inc. (NYSE:UBER)

NZS Capital LLC boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 34.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 575,582 shares of the ride-sharing company's stock after buying an additional 148,947 shares during the quarter. Uber Technologies makes up 1.5% of NZS Capital LLC's holdings, making the stock its 25th biggest position. NZS Capital LLC's holdings in Uber Technologies were worth $34,719,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UBER. Invst LLC lifted its stake in shares of Uber Technologies by 5.0% in the third quarter. Invst LLC now owns 4,108 shares of the ride-sharing company's stock worth $309,000 after buying an additional 197 shares in the last quarter. Advisory Resource Group lifted its stake in shares of Uber Technologies by 1.6% in the third quarter. Advisory Resource Group now owns 13,993 shares of the ride-sharing company's stock worth $1,052,000 after buying an additional 222 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Uber Technologies in the third quarter worth about $1,328,000. SkyView Investment Advisors LLC lifted its stake in shares of Uber Technologies by 3.0% in the third quarter. SkyView Investment Advisors LLC now owns 30,280 shares of the ride-sharing company's stock worth $2,276,000 after buying an additional 875 shares in the last quarter. Finally, Anchor Investment Management LLC lifted its stake in shares of Uber Technologies by 8.9% in the third quarter. Anchor Investment Management LLC now owns 33,718 shares of the ride-sharing company's stock worth $2,534,000 after buying an additional 2,755 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Stock Performance

Shares of NYSE UBER traded up $0.27 during trading on Thursday, reaching $81.28. The stock had a trading volume of 11,958,929 shares, compared to its average volume of 22,896,607. The stock has a market cap of $170.02 billion, a PE ratio of 17.83, a P/E/G ratio of 0.89 and a beta of 1.37. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The firm's 50 day moving average price is $73.55 and its two-hundred day moving average price is $71.48. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. KGI Securities reissued a "neutral" rating and issued a $78.00 price target on shares of Uber Technologies in a research note on Tuesday, March 11th. Citigroup reduced their target price 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. Evercore ISI reduced their target price on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $82.00 target price on shares of Uber Technologies in a research note on Thursday, February 6th. Finally, Fox Advisors downgraded shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. Ten 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $89.81.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jill Hazelbaker sold 31,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was 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 of the company's stock, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 77,154 shares of company stock valued at $5,793,869 in the last quarter. Insiders own 3.70% of the company's stock.

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.