Virtu Financial LLC Acquires 48,998 Shares of Uber Technologies, Inc. (NYSE:UBER)

Virtu Financial LLC increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 277.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,673 shares of the ride-sharing company’s stock after purchasing an additional 48,998 shares during the period. Virtu Financial LLC’s holdings in Uber Technologies were worth $4,022,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of UBER. ZEGA Investments LLC acquired a new position in shares of Uber Technologies in the fourth quarter valued at approximately $301,000. Sciencast Management LP lifted its position in Uber Technologies by 537.3% in the 4th quarter. Sciencast Management LP now owns 50,505 shares of the ride-sharing company’s stock valued at $3,046,000 after acquiring an additional 42,580 shares in the last quarter. Millstone Evans Group LLC acquired a new position in Uber Technologies in the 4th quarter worth $57,000. Atlas Wealth LLC bought a new position in Uber Technologies during the 4th quarter worth about $543,000. Finally, Kiker Wealth Management LLC acquired a new stake in shares of Uber Technologies in the 4th quarter valued at about $1,115,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Uber Technologies

In related news, SVP Nikki Krishnamurthy sold 20,000 shares of the business’s stock in a transaction on Friday, March 14th. The stock was 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 owns 361,908 shares in the company, valued at $25,901,755.56. The trade was a 5.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of the company’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 directly 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 disclosure for this sale can be found here. In the last three months, insiders have sold 74,404 shares of company stock valued at $5,587,619. 3.84% of the stock is owned by insiders.

Uber Technologies Stock Up 2.1 %

Shares of NYSE UBER opened at $75.94 on Friday. The stock’s fifty day moving average is $72.64 and its 200 day moving average is $71.59. The stock has a market capitalization of $158.65 billion, a P/E ratio of 16.65, a PEG ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data 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 return on equity of 62.60% and a net margin of 22.41%. Sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. JMP Securities reaffirmed a “market perform” rating on shares of Uber Technologies in a research report on Thursday, February 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $82.00 price target on shares of Uber Technologies in a research report on Thursday, February 6th. Tigress Financial raised their price target on shares of Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. KGI Securities reissued a “neutral” rating and issued a $78.00 price objective on shares of Uber Technologies in a research report on Tuesday, March 11th. Finally, Evercore ISI decreased their target price 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 equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $90.31.

About Uber Technologies

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.