Soros Fund Management LLC Increases Position in Uber Technologies, Inc. (NYSE:UBER)

Soros Fund Management LLC boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 44.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 903,885 shares of the ride-sharing company's stock after purchasing an additional 276,674 shares during the period. Uber Technologies makes up 0.8% of Soros Fund Management LLC's investment portfolio, making the stock its 27th largest holding. Soros Fund Management LLC's holdings in Uber Technologies were worth $54,522,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of UBER. Capital Research Global Investors lifted its stake in shares of Uber Technologies by 79.0% in the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after acquiring an additional 52,125,476 shares during the period. Norges Bank acquired a new stake in shares of Uber Technologies in the 4th quarter worth $1,467,754,000. Jennison Associates LLC lifted its stake in shares of Uber Technologies by 36.9% in the 4th 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 acquired a new stake in shares of Uber Technologies in the 4th quarter worth $381,057,000. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Uber Technologies by 670.6% in the 4th 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 owned by hedge funds and other institutional investors.

Insider Activity at Uber Technologies

In other news, SVP Nikki Krishnamurthy sold 20,000 shares of Uber Technologies stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the sale, the senior vice president now directly owns 361,908 shares of the company's stock, valued at approximately $25,901,755.56. The trade was a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction dated 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 directly owns 114,241 shares in the company, valued at approximately $8,027,715.07. The trade was a 17.00 % decrease in their ownership of the stock. 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. 3.70% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Piper Sandler restated an "overweight" rating and issued a $87.00 target price (up previously from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Evercore ISI dropped their target price on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a research note on Thursday, February 6th. Truist Financial upped their price target on Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. Finally, Fox Advisors cut Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. Ten 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 stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $89.81.

Uber Technologies Trading Up 2.1 %

Uber Technologies stock traded up $1.65 during midday trading on Wednesday, reaching $81.07. The stock had a trading volume of 17,724,481 shares, compared to its average volume of 20,252,842. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The stock has a market capitalization of $169.58 billion, a PE ratio of 17.78, a price-to-earnings-growth 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 stock's 50-day simple moving average is $73.51 and its 200 day simple moving average is $71.41.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results 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%. Analysts expect 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.