Schonfeld Strategic Advisors LLC Increases Position in Uber Technologies, Inc. (NYSE:UBER)

Schonfeld Strategic Advisors LLC lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 4,228.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 713,195 shares of the ride-sharing company's stock after buying an additional 696,717 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Uber Technologies were worth $43,020,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. AQR Capital Management LLC grew its holdings in Uber Technologies by 270.2% during the 4th quarter. AQR Capital Management LLC now owns 1,666,154 shares of the ride-sharing company's stock valued at $100,502,000 after buying an additional 1,216,124 shares during the last quarter. Emerald Mutual Fund Advisers Trust lifted its stake in shares of Uber Technologies by 7.9% during the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 3,573 shares of the ride-sharing company's stock worth $216,000 after purchasing an additional 261 shares in the last quarter. Lido Advisors LLC lifted its stake in shares of Uber Technologies by 10.2% during the fourth quarter. Lido Advisors LLC now owns 51,544 shares of the ride-sharing company's stock worth $3,109,000 after purchasing an additional 4,763 shares in the last quarter. Northern Trust Corp boosted its holdings in Uber Technologies by 9.0% in the fourth quarter. Northern Trust Corp now owns 18,520,516 shares of the ride-sharing company's stock valued at $1,117,158,000 after purchasing an additional 1,528,168 shares during the last quarter. Finally, Beacon Pointe Advisors LLC boosted its stake in shares of Uber Technologies by 12.3% during the 4th quarter. Beacon Pointe Advisors LLC now owns 130,108 shares of the ride-sharing company's stock valued at $7,848,000 after buying an additional 14,215 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Uber Technologies news, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction that occurred 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 $8,027,715.07. The trade was a 17.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction on 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 of the company's stock, valued at $1,662,150. This represents a 11.04 % 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 valued at $5,793,869. Company insiders own 3.70% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on UBER shares. Benchmark reaffirmed a "hold" rating on shares of Uber Technologies in a research report on Friday, January 31st. 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. KGI Securities reiterated a "neutral" rating and issued a $78.00 price target on shares of Uber Technologies in a research report on Tuesday, March 11th. Truist Financial upped their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $87.00 price objective (up previously from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. 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 company. Based on data from MarketBeat, Uber Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.81.

Uber Technologies Price Performance

UBER stock traded up $1.65 during trading on Wednesday, hitting $81.07. 17,724,481 shares of the stock traded hands, compared to its average volume of 20,252,842. The stock has a market cap of $169.58 billion, a price-to-earnings ratio of 17.78, a P/E/G ratio of 0.89 and a beta of 1.37. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The company has a 50 day simple moving average of $73.51 and a 200 day simple moving average of $71.41. 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 posted its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping 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%. Equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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.