Lyrical Asset Management LP Purchases 4,586 Shares of Uber Technologies, Inc. (NYSE:UBER)

Lyrical Asset Management LP grew its holdings in Uber Technologies, Inc. (NYSE:UBER) by 0.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,106,896 shares of the ride-sharing company’s stock after purchasing an additional 4,586 shares during the period. Uber Technologies comprises approximately 2.8% of Lyrical Asset Management LP’s holdings, making the stock its 17th largest holding. Lyrical Asset Management LP owned approximately 0.15% of Uber Technologies worth $187,408,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UBER. Vanguard Group Inc. lifted its holdings in shares of Uber Technologies by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company’s stock worth $10,903,846,000 after buying an additional 2,364,525 shares during the period. Geode Capital Management LLC raised its position in shares of Uber Technologies by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company’s stock worth $2,621,929,000 after acquiring an additional 1,061,088 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of Uber Technologies by 36.9% during the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company’s stock worth $1,596,086,000 after purchasing an additional 7,137,512 shares during the last quarter. Norges Bank bought a new stake in Uber Technologies during the fourth quarter valued at about $1,467,754,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Uber Technologies by 6.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,273,165 shares of the ride-sharing company’s stock worth $800,637,000 after purchasing an additional 774,956 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on 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 approximately $1,662,150. The trade was a 11.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the sale, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. 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 currently owned by insiders.

Uber Technologies Stock Down 7.7 %

NYSE UBER opened at $64.50 on Friday. The business’s fifty day simple moving average is $73.75 and its 200-day simple moving average is $71.75. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The firm has a market cap of $134.92 billion, a PE ratio of 14.14, a P/E/G ratio of 0.89 and a beta of 1.37. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (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, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analysts Set New Price Targets

UBER has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of Uber Technologies from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday. 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 report on Thursday, February 6th. UBS Group reaffirmed a “buy” rating on shares of Uber Technologies in a research report on Friday, February 21st. JPMorgan Chase & Co. decreased their price objective on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Finally, Arete Research raised shares of Uber Technologies to a “hold” rating in a report on Tuesday, February 18th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $90.41.

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.