DF Dent & Co. Inc. Raises Holdings in Uber Technologies, Inc. (NYSE:UBER)

DF Dent & Co. Inc. boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 22.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 508,095 shares of the ride-sharing company’s stock after acquiring an additional 94,717 shares during the quarter. DF Dent & Co. Inc.’s holdings in Uber Technologies were worth $30,648,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Grant Private Wealth Management Inc purchased a new stake in Uber Technologies in the 4th quarter valued at about $213,000. Motley Fool Asset Management LLC increased its position in shares of Uber Technologies by 13.2% during the fourth quarter. Motley Fool Asset Management LLC now owns 95,698 shares of the ride-sharing company’s stock valued at $5,773,000 after acquiring an additional 11,155 shares during the last quarter. World Investment Advisors raised its stake in shares of Uber Technologies by 76.9% in the 4th quarter. World Investment Advisors now owns 20,824 shares of the ride-sharing company’s stock valued at $1,256,000 after acquiring an additional 9,051 shares during the period. Nicolet Advisory Services LLC lifted its holdings in shares of Uber Technologies by 12.8% in the 4th quarter. Nicolet Advisory Services LLC now owns 6,385 shares of the ride-sharing company’s stock worth $421,000 after acquiring an additional 725 shares during the last quarter. Finally, Te Ahumairangi Investment Management Ltd acquired a new position in shares of Uber Technologies in the 4th quarter worth approximately $829,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Activity

In related news, insider Tony West sold 23,404 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the transaction, the insider now owns 114,241 shares of the company’s stock, valued at $8,027,715.07. This trade represents a 17.00 % decrease in their ownership of the stock. The transaction 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 business’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 transaction, the chief financial officer now owns 22,162 shares in the company, valued at $1,662,150. This trade represents a 11.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,154 shares of company stock valued at $5,793,869 in the last ninety days. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Stock Performance

NYSE UBER opened at $74.63 on Thursday. The company has a fifty day moving average of $73.80 and a two-hundred day moving average of $71.82. The company has a market capitalization of $156.11 billion, a PE ratio of 16.37, a P/E/G ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. 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 (NYSE:UBER) last released its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. As a group, analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on UBER. Fox Advisors downgraded shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 11th. JPMorgan Chase & Co. dropped their price objective on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Evercore ISI decreased their target price on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. KGI Securities restated a “neutral” rating and set a $78.00 target price on shares of Uber Technologies in a report on Tuesday, March 11th. Finally, Citigroup cut their price target on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a research note 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. Based on data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $90.31.

Uber Technologies Company 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.