Wahed Invest LLC Raises Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Wahed Invest LLC increased its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 6.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 51,556 shares of the ride-sharing company's stock after acquiring an additional 3,159 shares during the period. Wahed Invest LLC's holdings in Uber Technologies were worth $3,110,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pennington Partners & CO. LLC bought a new position in shares of Uber Technologies during the fourth quarter valued at $678,000. South Plains Financial Inc. bought a new position in Uber Technologies during the 4th quarter valued at about $415,000. Blue Rock Wealth Management LLC purchased a new stake in shares of Uber Technologies during the 4th quarter valued at about $326,000. Mercer Global Advisors Inc. ADV grew its stake in shares of Uber Technologies by 2.8% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 200,013 shares of the ride-sharing company's stock worth $12,065,000 after acquiring an additional 5,491 shares during the period. Finally, Keel Point LLC raised its holdings in shares of Uber Technologies by 8.9% during the fourth quarter. Keel Point LLC now owns 19,615 shares of the ride-sharing company's stock valued at $1,183,000 after purchasing an additional 1,609 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Insider Activity at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction that occurred 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 in the company, valued at approximately $1,662,150. The trade was a 11.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $71.57, for a total value of $1,431,400.00. Following the transaction, the senior vice president now owns 361,908 shares in the company, valued at $25,901,755.56. The trade was a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 77,154 shares of company stock worth $5,793,869 in the last quarter. 3.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

UBER has been the subject of a number of research analyst reports. Evercore ISI cut their target price on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. Wolfe Research boosted their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. decreased their price objective on Uber Technologies from $90.00 to $80.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada reiterated an "outperform" rating and set a $82.00 price objective on shares of Uber Technologies in a research note on Thursday, February 6th. Finally, Piper Sandler reissued an "overweight" rating and issued a $87.00 target price (up from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Uber Technologies has a consensus rating of "Moderate Buy" and an average price target of $89.81.

Uber Technologies Trading Up 4.2 %

Shares of Uber Technologies stock traded up $3.39 during trading on Friday, hitting $84.28. The stock had a trading volume of 22,376,033 shares, compared to its average volume of 20,278,011. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The firm's fifty day simple moving average is $73.83 and its 200-day simple moving average is $71.46. The stock has a market cap of $176.30 billion, a PE ratio of 18.48, a PEG ratio of 0.89 and a beta of 1.37.

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%. As a group, sell-side 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.