Primecap Management Co. CA Has $83.01 Million Stake in Uber Technologies, Inc. (NYSE:UBER)

Primecap Management Co. CA raised its holdings in Uber Technologies, Inc. (NYSE:UBER) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,376,200 shares of the ride-sharing company’s stock after acquiring an additional 46,500 shares during the period. Primecap Management Co. CA owned about 0.07% of Uber Technologies worth $83,012,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UBER. Drive Wealth Management LLC grew its stake in Uber Technologies by 3.9% in the third quarter. Drive Wealth Management LLC now owns 5,017 shares of the ride-sharing company’s stock valued at $377,000 after acquiring an additional 186 shares during the period. MidAtlantic Capital Management Inc. acquired a new position in Uber Technologies in the third quarter valued at about $51,000. Pathstone Holdings LLC grew its stake in Uber Technologies by 11.4% in the third quarter. Pathstone Holdings LLC now owns 861,507 shares of the ride-sharing company’s stock valued at $64,751,000 after acquiring an additional 88,166 shares during the period. Caprock Group LLC lifted its holdings in shares of Uber Technologies by 21.7% in the third quarter. Caprock Group LLC now owns 85,840 shares of the ride-sharing company’s stock valued at $6,452,000 after purchasing an additional 15,301 shares in the last quarter. Finally, Knuff & Co LLC lifted its holdings in shares of Uber Technologies by 13.2% in the third quarter. Knuff & Co LLC now owns 3,820 shares of the ride-sharing company’s stock valued at $287,000 after purchasing an additional 445 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

UBER has been the topic of a number of research reports. Benchmark restated a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. The Goldman Sachs Group restated a “buy” rating and issued a $96.00 price target on shares of Uber Technologies in a report on Thursday, January 2nd. Evercore ISI cut their price target on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. UBS Group restated a “buy” rating on shares of Uber Technologies in a report on Friday, February 21st. Finally, Needham & Company LLC restated a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a report on Wednesday, February 5th. Ten research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $90.31.

Uber Technologies Stock Down 1.6 %

Shares of NYSE UBER opened at $71.54 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The firm’s fifty day moving average is $72.09 and its 200 day moving average is $71.55. The company has a market cap of $149.45 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. On average, equities research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value 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 approximately $7,046,552.46. The trade was a 26.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the sale, the senior vice president now directly owns 361,908 shares of the company’s stock, valued at $25,901,755.56. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 74,404 shares of company stock worth $5,587,619 in the last quarter. Corporate insiders own 3.84% of the company’s stock.

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.