Uber Technologies, Inc. (NYSE:UBER) Position Increased by Private Advisor Group LLC

Private Advisor Group LLC increased its position in shares of Uber Technologies, Inc. (NYSE:UBERGet Rating) by 45.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 173,619 shares of the ride-sharing company’s stock after acquiring an additional 54,505 shares during the period. Private Advisor Group LLC’s holdings in Uber Technologies were worth $7,280,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Fisher Asset Management LLC bought a new position in Uber Technologies during the fourth quarter valued at about $635,212,000. Jennison Associates LLC raised its holdings in Uber Technologies by 23.6% during the fourth quarter. Jennison Associates LLC now owns 49,538,244 shares of the ride-sharing company’s stock valued at $2,077,139,000 after buying an additional 9,449,743 shares in the last quarter. Viking Global Investors LP bought a new position in Uber Technologies during the third quarter valued at about $286,355,000. Renaissance Technologies LLC raised its holdings in Uber Technologies by 6,009.3% during the third quarter. Renaissance Technologies LLC now owns 4,820,200 shares of the ride-sharing company’s stock valued at $215,945,000 after buying an additional 4,741,300 shares in the last quarter. Finally, Par Capital Management Inc. raised its holdings in Uber Technologies by 31,472.0% during the third quarter. Par Capital Management Inc. now owns 4,735,800 shares of the ride-sharing company’s stock valued at $212,164,000 after buying an additional 4,720,800 shares in the last quarter. Institutional investors and hedge funds own 72.58% of the company’s stock.

NYSE:UBER opened at $22.46 on Thursday. Uber Technologies, Inc. has a 1 year low of $21.69 and a 1 year high of $52.36. The firm has a 50 day moving average of $30.97 and a 200-day moving average of $36.29. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.61.

Uber Technologies (NYSE:UBERGet Rating) last posted its earnings results on Wednesday, May 4th. The ride-sharing company reported ($3.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($2.77). Uber Technologies had a negative net margin of 29.51% and a positive return on equity of 8.87%. The firm had revenue of $6.85 billion during the quarter, compared to the consensus estimate of $6.10 billion. During the same quarter last year, the firm posted ($0.57) EPS. The business’s revenue was up 136.3% on a year-over-year basis. On average, equities research analysts predict that Uber Technologies, Inc. will post -3.57 earnings per share for the current year.

In related news, CEO Dara Khosrowshahi acquired 200,000 shares of the company’s stock in a transaction that occurred on Friday, May 6th. The stock was purchased at an average price of $26.73 per share, for a total transaction of $5,346,000.00. Following the transaction, the chief executive officer now directly owns 1,420,968 shares of the company’s stock, valued at approximately $37,982,474.64. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.06% of the company’s stock.

Several brokerages have recently issued reports on UBER. Oppenheimer lowered their price target on Uber Technologies from $45.00 to $40.00 in a research report on Thursday, May 5th. Cowen lowered their price target on Uber Technologies from $80.00 to $72.00 in a research report on Thursday, May 5th. Royal Bank of Canada lowered their price target on Uber Technologies from $65.00 to $50.00 and set an “outperform” rating on the stock in a research report on Monday, March 21st. Wells Fargo & Company lowered their price target on Uber Technologies from $68.00 to $55.00 in a research report on Thursday, May 5th. Finally, Needham & Company LLC lowered their price target on Uber Technologies from $68.00 to $50.00 in a research report on Thursday, May 5th. Twenty-eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $58.69.

Uber Technologies Profile (Get Rating)

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services; and connects riders and other consumers with restaurants, grocers, and other stores with delivery service providers for meal preparation, grocery, and other delivery services.

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

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