Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Voyager Global Management LP

Voyager Global Management LP raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 300.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,600,000 shares of the ride-sharing company's stock after buying an additional 1,950,000 shares during the quarter. Uber Technologies comprises 6.3% of Voyager Global Management LP's investment portfolio, making the stock its 7th largest holding. Voyager Global Management LP owned approximately 0.12% of Uber Technologies worth $156,832,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of UBER. Capital Research Global Investors raised its stake in shares of Uber Technologies by 79.0% in the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock valued at $7,125,728,000 after purchasing an additional 52,125,476 shares in the last quarter. Norges Bank acquired a new position in shares of Uber Technologies in the fourth quarter valued at $1,467,754,000. Jennison Associates LLC raised its stake in shares of Uber Technologies by 36.9% in the fourth quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock valued at $1,596,086,000 after purchasing an additional 7,137,512 shares in the last quarter. Boston Partners acquired a new position in shares of Uber Technologies in the fourth quarter valued at $381,057,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of Uber Technologies by 670.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company's stock valued at $398,809,000 after purchasing an additional 5,753,637 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction that occurred on 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 owns 22,162 shares in the company, valued at $1,662,150. This represents a 11.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the stock in a transaction on 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 transaction, the senior vice president now owns 361,908 shares of the company's stock, valued at $25,901,755.56. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,154 shares of company stock worth $5,793,869 over the last quarter. 3.84% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on UBER. Wolfe Research upped their price target on Uber Technologies from $90.00 to $92.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Arete Research upgraded Uber Technologies to a "hold" rating in a research report on Tuesday, February 18th. Evercore ISI lowered their price target on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, April 9th. Finally, Citigroup lowered their price target on Uber Technologies from $98.00 to $92.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $89.81.

Uber Technologies Trading Up 0.3 %

NYSE UBER traded up $0.23 during trading on Tuesday, reaching $78.56. 5,466,000 shares of the stock traded hands, compared to its average volume of 23,008,838. The firm has a market cap of $164.32 billion, a price-to-earnings ratio of 17.23, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The stock's 50-day moving average price is $73.55 and its 200 day moving average price is $71.35. 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 fifty-two week low of $54.84 and a fifty-two week high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current 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.