Altshuler Shaham Ltd Has $60.62 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Altshuler Shaham Ltd raised its position in Uber Technologies, Inc. (NYSE:UBER) by 32,808.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,005,034 shares of the ride-sharing company’s stock after acquiring an additional 1,001,980 shares during the period. Uber Technologies comprises 2.0% of Altshuler Shaham Ltd’s portfolio, making the stock its 11th biggest position. Altshuler Shaham Ltd’s holdings in Uber Technologies were worth $60,620,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Polianta Ltd acquired a new stake in Uber Technologies in the 4th quarter valued at $1,206,000. Allworth Financial LP raised its stake in shares of Uber Technologies by 8.9% during the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock worth $1,229,000 after purchasing an additional 1,663 shares in the last quarter. Lecap Asset Management Ltd. acquired a new stake in shares of Uber Technologies in the 4th quarter valued at approximately $3,188,000. Mirador Capital Partners LP grew its stake in shares of Uber Technologies by 40.4% in the fourth quarter. Mirador Capital Partners LP now owns 85,214 shares of the ride-sharing company’s stock valued at $5,140,000 after buying an additional 24,520 shares in the last quarter. Finally, Tri Ri Asset Management Corp acquired a new position in Uber Technologies during the third quarter worth $8,243,000. 80.24% of the stock is owned by institutional investors.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $73.00 on Thursday. The stock’s 50 day moving average is $74.16 and its 200-day moving average is $71.45. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $152.70 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 0.89 and a beta of 1.37.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share 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%. Sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Citizens Jmp downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Benchmark restated a “hold” rating on shares of Uber Technologies in a research note on Friday, January 31st. Wolfe Research lifted their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Fox Advisors lowered shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 11th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $87.00 target price (up previously 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 given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $89.81.

Insider Activity

In other news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the sale, the insider now owns 86,973 shares in the company, valued at $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Tony West sold 23,404 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the transaction, the insider now directly owns 114,241 shares in the company, valued at $8,027,715.07. The trade was a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 77,154 shares of company stock worth $5,793,869 over the last 90 days. 3.84% of the stock is currently owned by corporate 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.