Advisor Resource Council Purchases Shares of 3,504 Uber Technologies, Inc. (NYSE:UBER)

Advisor Resource Council acquired a new stake in Uber Technologies, Inc. (NYSE:UBERFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,504 shares of the ride-sharing company’s stock, valued at approximately $216,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Uber Technologies by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 124,353,537 shares of the ride-sharing company’s stock valued at $5,719,019,000 after purchasing an additional 2,067,098 shares in the last quarter. Altimeter Capital Management LP raised its stake in Uber Technologies by 167.5% during the 1st quarter. Altimeter Capital Management LP now owns 30,760,000 shares of the ride-sharing company’s stock worth $1,193,422,000 after acquiring an additional 19,260,000 shares in the last quarter. Norges Bank purchased a new stake in Uber Technologies in the fourth quarter valued at $580,568,000. Capital World Investors lifted its position in Uber Technologies by 18.5% in the first quarter. Capital World Investors now owns 22,070,619 shares of the ride-sharing company’s stock valued at $787,480,000 after acquiring an additional 3,443,554 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Uber Technologies by 3.1% in the first quarter. Geode Capital Management LLC now owns 20,585,066 shares of the ride-sharing company’s stock valued at $651,575,000 after acquiring an additional 615,942 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the transaction, the insider now owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the transaction, the insider now owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the transaction, the insider now directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by insiders.

Uber Technologies Stock Performance

Shares of UBER opened at $79.42 on Tuesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market capitalization of $164.92 billion, a price-to-earnings ratio of 92.35, a PEG ratio of 1.30 and a beta of 1.37. The company’s 50 day simple moving average is $73.67 and its 200 day simple moving average is $59.90. Uber Technologies, Inc. has a 1 year low of $29.22 and a 1 year high of $82.14.

Uber Technologies (NYSE:UBERGet Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.50. The business had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.76 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 earnings per share. On average, sell-side analysts predict that Uber Technologies, Inc. will post 1.19 EPS for the current year.

Analyst Ratings Changes

UBER has been the subject of a number of research reports. Susquehanna boosted their price target on shares of Uber Technologies from $60.00 to $85.00 and gave the company a “positive” rating in a research report on Thursday, February 8th. Argus boosted their price target on shares of Uber Technologies from $69.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Oppenheimer boosted their price target on shares of Uber Technologies from $65.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, December 4th. Gordon Haskett cut shares of Uber Technologies from a “buy” rating to a “hold” rating and set a $66.00 price target for the company. in a research report on Wednesday, January 24th. Finally, BTIG Research upped their target price on shares of Uber Technologies from $80.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Two research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $75.28.

Check Out Our Latest Report on UBER

Uber Technologies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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