Oxford Asset Management LLP Takes Position in Uber Technologies, Inc. (NYSE:UBER)

by · The Cerbat Gem

Oxford Asset Management LLP acquired a new position in Uber Technologies, Inc. (NYSE:UBER – Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 13,469 shares of the ride-sharing company’s stock, valued at approximately $812,000.

Other large investors have also recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $908,000. Virtus ETF Advisers LLC lifted its position in shares of Uber Technologies by 7.7% in the fourth quarter. Virtus ETF Advisers LLC now owns 14,810 shares of the ride-sharing company’s stock valued at $893,000 after acquiring an additional 1,062 shares in the last quarter. Arnhold LLC acquired a new stake in shares of Uber Technologies during the fourth quarter valued at $12,513,000. Voya Financial Advisors Inc. increased its position in Uber Technologies by 4.4% during the 4th quarter. Voya Financial Advisors Inc. now owns 12,101 shares of the ride-sharing company’s stock worth $735,000 after purchasing an additional 514 shares in the last quarter. Finally, Rothschild Capital Partners LLC purchased a new position in Uber Technologies in the 4th quarter valued at about $275,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on UBER shares. Arete Research raised shares of Uber Technologies to a “hold” rating in a research report on Tuesday, February 18th. Truist Financial boosted their price target on Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, March 6th. Needham & Company LLC reissued a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, April 9th. JPMorgan Chase & Co. dropped their target price on Uber Technologies from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Finally, Piper Sandler restated an “overweight” rating and issued a $87.00 price target (up previously from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.81.

Read Our Latest Report on Uber Technologies

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction on 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 sale, the insider now owns 114,241 shares of the company’s stock, valued at $8,027,715.07. The trade was a 17.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the sale, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 77,154 shares of company stock worth $5,793,869. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Trading Down 0.5 %

Shares of NYSE UBER opened at $77.74 on Friday. The stock has a market capitalization of $162.62 billion, a P/E ratio of 17.05, a PEG ratio of 0.89 and a beta of 1.37. The stock’s 50 day moving average price is $73.60 and its two-hundred day moving average price is $71.50. 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.

Uber Technologies (NYSE:UBER – Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating analysts’ consensus estimates 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, analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Uber Technologies Profile

(Free Report)

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.

See Also

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