Alliancebernstein L.P. Has $252.19 Million Stake in Uber Technologies, Inc. (NYSE:UBER)

Alliancebernstein L.P. boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 32.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,180,863 shares of the ride-sharing company’s stock after buying an additional 1,021,036 shares during the period. Alliancebernstein L.P.’s holdings in Uber Technologies were worth $252,190,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Avion Wealth boosted its position in shares of Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after acquiring an additional 218 shares in the last quarter. Runnymede Capital Advisors Inc. bought a new position in Uber Technologies during the fourth quarter worth about $28,000. GHP Investment Advisors Inc. boosted its holdings in Uber Technologies by 85.1% during the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 223 shares in the last quarter. Kieckhefer Group LLC bought a new stake in shares of Uber Technologies in the 4th quarter valued at approximately $33,000. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Uber Technologies in the 4th quarter worth approximately $35,000. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER stock opened at $72.92 on Tuesday. 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. The company’s 50 day moving average price is $73.55 and its two-hundred day moving average price is $71.80. The company has a market capitalization of $152.53 billion, a P/E ratio of 15.99, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping 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 expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on UBER. JPMorgan Chase & Co. lowered their price target on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $96.00 target price on shares of Uber Technologies in a report on Thursday, January 2nd. JMP Securities reissued a “market perform” rating on shares of Uber Technologies in a report on Thursday, February 6th. Piper Sandler reaffirmed an “overweight” rating and set a $87.00 price objective (up from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a research note 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $90.31.

Insider Buying and Selling at Uber Technologies

In other news, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the sale, the insider now directly owns 114,241 shares in the company, valued at $8,027,715.07. This trade represents a 17.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the sale, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,154 shares of company stock valued at $5,793,869 in the last 90 days. 3.84% of the stock is currently owned by company insiders.

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.