Prudential PLC Has $4.84 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Prudential PLC grew its position in Uber Technologies, Inc. (NYSE:UBERFree Report) by 19.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 78,609 shares of the ride-sharing company’s stock after purchasing an additional 12,823 shares during the period. Prudential PLC’s holdings in Uber Technologies were worth $4,840,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of UBER. Highlander Capital Management LLC increased its position in shares of Uber Technologies by 100.0% in the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after acquiring an additional 250 shares during the last quarter. Treasurer of the State of North Carolina increased its position in Uber Technologies by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 877,589 shares of the ride-sharing company’s stock worth $40,360,000 after acquiring an additional 3,530 shares during the period. Compagnie Lombard Odier SCmA raised its position in shares of Uber Technologies by 73.0% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 33,535 shares of the ride-sharing company’s stock valued at $2,065,000 after buying an additional 14,153 shares in the last quarter. Financial Enhancement Group LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $1,112,000. Finally, Fifth Third Bancorp boosted its stake in shares of Uber Technologies by 54.3% in the fourth quarter. Fifth Third Bancorp now owns 68,894 shares of the ride-sharing company’s stock valued at $4,242,000 after buying an additional 24,247 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Tony West sold 89,234 shares of Uber Technologies stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $68.18, for a total value of $6,083,974.12. Following the sale, the insider now owns 124,945 shares of the company’s stock, valued at approximately $8,518,750.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $65.93, for a total value of $32,965,000.00. Following the sale, the chief executive officer now owns 1,656,996 shares of the company’s stock, valued at approximately $109,245,746.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tony West sold 89,234 shares of Uber Technologies stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $68.18, for a total transaction of $6,083,974.12. Following the completion of the transaction, the insider now owns 124,945 shares of the company’s stock, valued at $8,518,750.10. The disclosure for this sale can be found here. Insiders have sold a total of 607,984 shares of company stock valued at $40,279,537 in the last 90 days. 3.84% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Piper Sandler upped their price target 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. Tigress Financial upped their target price on Uber Technologies from $72.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Truist Financial upped their target price on Uber Technologies from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, March 27th. JPMorgan Chase & Co. upped their target price on Uber Technologies from $84.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Finally, JMP Securities restated a “market outperform” rating and set a $80.00 target price on shares of Uber Technologies in a research note on Thursday, May 16th. Two research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.38.

Check Out Our Latest Analysis on Uber Technologies

Uber Technologies Stock Up 0.6 %

NYSE UBER traded up $0.41 during trading hours on Friday, hitting $69.31. The company’s stock had a trading volume of 13,932,603 shares, compared to its average volume of 16,451,894. Uber Technologies, Inc. has a 52 week low of $39.04 and a 52 week high of $82.14. The company has a market capitalization of $144.82 billion, a PE ratio of 111.77, a price-to-earnings-growth ratio of 1.51 and a beta of 1.37. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.80. The company’s 50-day simple moving average is $69.07 and its two-hundred day simple moving average is $68.37.

Uber Technologies (NYSE:UBERGet Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.53). Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The business had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.09 billion. During the same period in the previous year, the business posted ($0.08) EPS. Uber Technologies’s revenue was up 14.8% compared to the same quarter last year. Research analysts anticipate that Uber Technologies, Inc. will post 0.84 EPS for the current fiscal year.

Uber Technologies Profile

(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.

Further Reading

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

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