Diametric Capital LP Purchases Shares of 3,931 Uber Technologies, Inc. (NYSE:UBER)

Diametric Capital LP acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,931 shares of the ride-sharing company’s stock, valued at approximately $237,000.

Other large investors have also made changes to their positions in the company. Norges Bank purchased a new position in shares of Uber Technologies in the 4th quarter worth about $1,467,754,000. Jennison Associates LLC grew its holdings in shares of Uber Technologies by 36.9% during the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company’s stock worth $1,596,086,000 after purchasing an additional 7,137,512 shares during the period. Boston Partners acquired a new stake in Uber Technologies during the 4th quarter worth approximately $381,057,000. Assenagon Asset Management S.A. raised its holdings in Uber Technologies by 670.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company’s stock valued at $398,809,000 after buying an additional 5,753,637 shares during the period. Finally, Montrusco Bolton Investments Inc. acquired a new position in Uber Technologies during the fourth quarter valued at approximately $166,072,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on UBER shares. Piper Sandler reissued 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. Citigroup cut their price objective on Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Fox Advisors lowered Uber Technologies from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 11th. Cantor Fitzgerald reissued an “overweight” rating and set a $80.00 price target on shares of Uber Technologies in a research report on Thursday, February 6th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $82.00 price objective on shares of Uber Technologies in a research report on Thursday, February 6th. Ten investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.31.

Insider Buying and Selling at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction dated Thursday, March 20th. The shares were 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 of the company’s stock, valued at $1,662,150. This represents a 11.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,154 shares of company stock valued at $5,793,869 in the last ninety days. Company insiders own 3.84% of the company’s stock.

Uber Technologies Trading Up 0.2 %

NYSE:UBER opened at $73.03 on Wednesday. The firm has a market capitalization of $152.77 billion, a P/E ratio of 16.02, a P/E/G ratio of 0.89 and a beta of 1.39. The business has a 50 day simple moving average of $73.66 and a 200 day simple moving average of $71.80. 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 12-month low of $54.84 and a 12-month 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 (EPS) for the quarter, beating 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%. Equities research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.