Schroder Investment Management Group Purchases 860,257 Shares of Uber Technologies, Inc. (NYSE:UBER)

Schroder Investment Management Group increased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 13.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,272,915 shares of the ride-sharing company’s stock after buying an additional 860,257 shares during the period. Schroder Investment Management Group owned 0.35% of Uber Technologies worth $438,702,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in UBER. Vanguard Group Inc. raised 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 valued at $10,903,846,000 after acquiring an additional 2,364,525 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Uber Technologies by 2.1% in the third quarter. Geode Capital Management LLC now owns 42,500,359 shares of the ride-sharing company’s stock worth $3,184,013,000 after purchasing an additional 893,652 shares during the last quarter. Jennison Associates LLC raised its stake in Uber Technologies by 36.9% in the fourth quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company’s stock valued at $1,596,086,000 after purchasing an additional 7,137,512 shares in the last quarter. Norges Bank bought a new stake in Uber Technologies during the fourth quarter valued at approximately $1,467,754,000. Finally, Janus Henderson Group PLC grew its stake in Uber Technologies by 18.3% in the 3rd quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company’s stock worth $998,767,000 after buying an additional 2,056,273 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

UBER has been the topic of several research reports. KGI Securities restated a “neutral” rating and set a $78.00 price objective on shares of Uber Technologies in a research report on Tuesday, March 11th. Fox Advisors downgraded Uber Technologies from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 11th. Citigroup cut their price objective on Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Cantor Fitzgerald reissued an “overweight” rating and set a $80.00 price objective on shares of Uber Technologies in a report on Thursday, February 6th. Finally, Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research note on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $90.31.

Insider Transactions at Uber Technologies

In other news, 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 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 $7,046,552.46. The trade was a 26.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the sale, the chief financial officer now directly owns 22,162 shares in the company, valued at $1,662,150. This trade represents a 11.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 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 corporate insiders.

Uber Technologies Stock Performance

Shares of UBER stock opened at $72.71 on Friday. The company’s fifty day moving average price is $73.44 and its 200-day moving average price is $71.75. The stock has a market cap of $151.89 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. 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, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data 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 net margin of 22.41% and a return on equity of 62.60%. On average, equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal 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.