Alkeon Capital Management LLC Decreases Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Alkeon Capital Management LLC lessened its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 19.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,462,885 shares of the ride-sharing company's stock after selling 825,000 shares during the period. Alkeon Capital Management LLC owned approximately 0.16% of Uber Technologies worth $208,881,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Stock Yards Bank & Trust Co. boosted its position in Uber Technologies by 6.5% during the 3rd quarter. Stock Yards Bank & Trust Co. now owns 3,760 shares of the ride-sharing company's stock valued at $283,000 after buying an additional 230 shares during the period. World Investment Advisors LLC increased its stake in shares of Uber Technologies by 59.8% during the third quarter. World Investment Advisors LLC now owns 11,773 shares of the ride-sharing company's stock valued at $885,000 after purchasing an additional 4,405 shares in the last quarter. Synovus Financial Corp boosted its holdings in Uber Technologies by 26.1% in the third quarter. Synovus Financial Corp now owns 17,499 shares of the ride-sharing company's stock worth $1,315,000 after acquiring an additional 3,622 shares in the last quarter. Peapack Gladstone Financial Corp grew its stake in shares of Uber Technologies by 30.9% in the third quarter. Peapack Gladstone Financial Corp now owns 6,562 shares of the ride-sharing company's stock worth $494,000 after acquiring an additional 1,550 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Uber Technologies by 7.1% during the third quarter. Principal Financial Group Inc. now owns 2,460,332 shares of the ride-sharing company's stock valued at $184,919,000 after acquiring an additional 162,528 shares in the last quarter. Institutional investors own 80.24% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Wells Fargo & Company increased their price objective on shares of Uber Technologies from $87.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, April 3rd. TD Cowen decreased their price objective on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. DA Davidson cut their target price on Uber Technologies from $84.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. KeyCorp decreased their price target on Uber Technologies from $85.00 to $80.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Finally, Arete Research upgraded Uber Technologies to a "hold" rating in a report on Tuesday, February 18th. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Uber Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $89.81.

Uber Technologies Price Performance

Uber Technologies stock traded up $1.12 during mid-day trading on Monday, reaching $85.40. 25,314,148 shares of the company's stock traded hands, compared to its average volume of 20,298,249. 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, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The stock has a 50 day moving average of $73.83 and a two-hundred day moving average of $71.32. The company has a market cap of $178.64 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 0.89 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last posted 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 net margin of 22.41% and a return on equity of 62.60%. Equities analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company'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 sale, the chief financial officer now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tony West sold 23,404 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the sale, the insider now directly 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 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. 3.84% of the stock is owned by insiders.

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.