Capital International Sarl Purchases 10,898 Shares of Uber Technologies, Inc. (NYSE:UBER)

Capital International Sarl boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 7.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,755 shares of the ride-sharing company’s stock after buying an additional 10,898 shares during the period. Capital International Sarl’s holdings in Uber Technologies were worth $9,275,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Alpha DNA Investment Management LLC bought a new stake in Uber Technologies in the fourth quarter valued at about $793,000. CANADA LIFE ASSURANCE Co boosted its holdings in Uber Technologies by 14.9% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,904,276 shares of the ride-sharing company’s stock valued at $114,822,000 after purchasing an additional 246,710 shares in the last quarter. Fairfield Bush & CO. grew its stake in shares of Uber Technologies by 26.5% in the 4th quarter. Fairfield Bush & CO. now owns 6,365 shares of the ride-sharing company’s stock valued at $384,000 after purchasing an additional 1,333 shares during the period. Ally Financial Inc. raised its holdings in shares of Uber Technologies by 36.6% in the 4th quarter. Ally Financial Inc. now owns 56,000 shares of the ride-sharing company’s stock worth $3,378,000 after buying an additional 15,000 shares in the last quarter. Finally, Foster Dykema Cabot & Partners LLC lifted its position in shares of Uber Technologies by 467.6% during the 4th quarter. Foster Dykema Cabot & Partners LLC now owns 2,350 shares of the ride-sharing company’s stock worth $142,000 after buying an additional 1,936 shares during the period. Institutional investors own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

UBER has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their price target on Uber Technologies from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. TD Cowen dropped their target price on shares of Uber Technologies from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. The Goldman Sachs Group reissued a “buy” rating and set a $96.00 price target on shares of Uber Technologies in a report on Thursday, January 2nd. Truist Financial upped their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $87.00 target price (up previously from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $89.81.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the sale, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the transaction, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. The trade was a 11.04 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 77,154 shares of company stock worth $5,793,869. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Stock Up 3.0 %

Uber Technologies stock opened at $75.28 on Friday. The firm has a market capitalization of $157.47 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 0.89 and a beta of 1.37. The company’s 50 day simple moving average is $74.09 and its 200 day simple moving average is $71.45. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. 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) last announced its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping 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%. As a group, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Uber Technologies 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.