Gardner Russo & Quinn LLC Acquires 353,488 Shares of Uber Technologies, Inc. (NYSE:UBER)

Gardner Russo & Quinn LLC boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 9.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,150,867 shares of the ride-sharing company’s stock after acquiring an additional 353,488 shares during the quarter. Uber Technologies accounts for about 2.8% of Gardner Russo & Quinn LLC’s portfolio, making the stock its 13th largest position. Gardner Russo & Quinn LLC owned 0.20% of Uber Technologies worth $250,380,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. WealthTrak Capital Management LLC bought a new position in shares of Uber Technologies during the fourth quarter worth about $56,000. Allstate Corp bought a new position in Uber Technologies during the 4th quarter worth approximately $3,374,000. Maridea Wealth Management LLC acquired a new position in shares of Uber Technologies in the 4th quarter worth approximately $420,000. Brown Brothers Harriman & Co. boosted its stake in shares of Uber Technologies by 20.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 4,369 shares of the ride-sharing company’s stock valued at $264,000 after purchasing an additional 756 shares during the last quarter. Finally, DnB Asset Management AS increased its position in shares of Uber Technologies by 19.1% during the fourth quarter. DnB Asset Management AS now owns 555,684 shares of the ride-sharing company’s stock worth $33,519,000 after buying an additional 89,131 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Uber Technologies news, insider Tony West sold 23,404 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the sale, the insider now directly owns 114,241 shares of the company’s stock, valued at $8,027,715.07. This represents a 17.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the transaction, the insider now owns 86,973 shares of the company’s stock, valued at $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 three months. Company insiders own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on UBER shares. Royal Bank of Canada restated an “outperform” rating and issued a $82.00 target price on shares of Uber Technologies in a report on Thursday, February 6th. Benchmark reissued a “hold” rating on shares of Uber Technologies in a research note on Friday, January 31st. Fox Advisors cut Uber Technologies from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 11th. Wells Fargo & Company dropped their price target on Uber Technologies from $90.00 to $87.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Finally, Evercore ISI reduced their price objective on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. Ten 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.31.

Uber Technologies Stock Down 2.9 %

UBER stock opened at $72.71 on Friday. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The stock has a market cap of $151.89 billion, a P/E ratio of 15.94, a P/E/G ratio of 0.89 and a beta of 1.39. The stock’s fifty day simple moving average is $73.44 and its two-hundred day simple moving average is $71.73. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last issued 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%. Analysts expect 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.