81,815 Shares in Uber Technologies, Inc. (NYSE:UBER) Acquired by Rovida Advisors Inc.

Rovida Advisors Inc. purchased a new stake in Uber Technologies, Inc. (NYSE:UBER) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 81,815 shares of the ride-sharing company’s stock, valued at approximately $4,936,000. Uber Technologies accounts for about 3.8% of Rovida Advisors Inc.’s investment portfolio, making the stock its 9th largest position.

Several other institutional investors also recently made changes to their positions in the stock. Kingsview Wealth Management LLC raised its holdings in shares of Uber Technologies by 18.4% in the 3rd quarter. Kingsview Wealth Management LLC now owns 16,381 shares of the ride-sharing company’s stock worth $1,231,000 after purchasing an additional 2,546 shares during the period. Larson Financial Group LLC increased its position in shares of Uber Technologies by 38.1% in the third quarter. Larson Financial Group LLC now owns 3,284 shares of the ride-sharing company’s stock worth $247,000 after acquiring an additional 906 shares in the last quarter. Independent Advisor Alliance raised its stake in shares of Uber Technologies by 12.1% in the 3rd quarter. Independent Advisor Alliance now owns 35,119 shares of the ride-sharing company’s stock valued at $2,640,000 after acquiring an additional 3,788 shares during the period. DRW Securities LLC acquired a new position in shares of Uber Technologies during the 3rd quarter valued at $1,481,000. Finally, Brown Brothers Harriman & Co. boosted its position in Uber Technologies by 178.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,613 shares of the ride-sharing company’s stock worth $272,000 after purchasing an additional 2,314 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Tony West sold 23,404 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the sale, the insider now owns 114,241 shares in the company, valued at $8,027,715.07. This represents a 17.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’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 transaction, the chief financial officer now directly owns 22,162 shares of the company’s stock, valued at $1,662,150. This represents a 11.04 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 77,154 shares of company stock worth $5,793,869. 3.84% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on UBER. DA Davidson reduced their price objective on Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Truist Financial upped their price target on Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, March 6th. Cantor Fitzgerald reiterated an “overweight” rating and set a $80.00 price objective on shares of Uber Technologies in a research note on Thursday, February 6th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $96.00 price target on shares of Uber Technologies in a report on Thursday, January 2nd. Finally, UBS Group reiterated a “buy” rating on shares of Uber Technologies in a report on Friday, February 21st. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.31.

Uber Technologies Stock Down 1.2 %

UBER opened at $75.59 on Wednesday. The stock’s 50 day moving average price is $73.06 and its 200 day moving average price is $71.67. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The stock has a market cap of $157.91 billion, a P/E ratio of 16.58, a P/E/G ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00.

Uber Technologies (NYSE:UBER) last issued 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%. As a group, research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share 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.