Chicago Capital LLC Purchases 384,801 Shares of Uber Technologies, Inc. (NYSE:UBER)

Chicago Capital LLC grew its position in Uber Technologies, Inc. (NYSE:UBERFree Report) by 2,438.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 400,579 shares of the ride-sharing company’s stock after purchasing an additional 384,801 shares during the quarter. Chicago Capital LLC’s holdings in Uber Technologies were worth $24,664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Uber Technologies by 1.7% during the third 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 shares of Uber Technologies by 167.5% in the first quarter. Altimeter Capital Management LP now owns 30,760,000 shares of the ride-sharing company’s stock valued at $1,193,422,000 after acquiring an additional 19,260,000 shares during the period. Norges Bank bought a new position in shares of Uber Technologies in the fourth quarter worth about $580,568,000. Capital World Investors grew its holdings in shares of 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 worth $787,480,000 after purchasing an additional 3,443,554 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of 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 worth $651,575,000 after purchasing an additional 615,942 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on UBER. Bank of America upped their price target on shares of Uber Technologies from $68.00 to $73.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Oppenheimer increased their target price on shares of Uber Technologies from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, December 4th. Nomura cut shares of Uber Technologies from a “buy” rating to a “neutral” rating and increased their target price for the stock from $59.00 to $62.00 in a report on Friday, December 29th. The Goldman Sachs Group increased their target price on shares of Uber Technologies from $59.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Finally, Piper Sandler increased their target price on shares of Uber Technologies from $78.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Two investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $75.41.

Read Our Latest Report on Uber Technologies

Uber Technologies Stock Down 0.8 %

Shares of NYSE:UBER opened at $76.40 on Tuesday. Uber Technologies, Inc. has a 1 year low of $29.22 and a 1 year high of $82.14. The firm has a market capitalization of $159.02 billion, a PE ratio of 88.84, a price-to-earnings-growth ratio of 1.25 and a beta of 1.36. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19. The firm’s 50-day moving average is $74.98 and its two-hundred day moving average is $60.93.

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

Insider Transactions at Uber Technologies

In other news, insider Tony West sold 18,750 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the sale, the insider now owns 185,566 shares in the company, valued at $13,004,465.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the sale, the insider now owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tony West sold 18,750 shares of the 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 sale, the insider now directly owns 185,566 shares in the company, valued at approximately $13,004,465.28. The disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.

About Uber Technologies

(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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