Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Longbow Finance SA

Longbow Finance SA grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 5.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,564 shares of the ride-sharing company’s stock after acquiring an additional 1,353 shares during the period. Longbow Finance SA’s holdings in Uber Technologies were worth $1,723,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jennison Associates LLC grew its stake in 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 valued at $1,596,086,000 after purchasing an additional 7,137,512 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Uber Technologies by 670.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company’s stock valued at $398,809,000 after buying an additional 5,753,637 shares during the last quarter. Montrusco Bolton Investments Inc. acquired a new stake in shares of Uber Technologies during the fourth quarter worth approximately $166,072,000. Edgewood Management LLC increased its stake in shares of Uber Technologies by 10.5% in the third quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock worth $2,070,813,000 after buying an additional 2,627,768 shares during the last quarter. Finally, AMF Tjanstepension AB acquired a new stake in Uber Technologies in the third quarter valued at $163,468,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Trading Down 3.2 %

NYSE UBER opened at $76.34 on Tuesday. The firm’s 50 day moving average price is $68.05 and its two-hundred day moving average price is $71.34. The stock has a market cap of $159.46 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. 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 (NYSE:UBER) last posted its quarterly earnings results 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%. Equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on UBER. 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. Citigroup lowered their price target on Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Needham & Company LLC restated a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, February 5th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $96.00 price objective on shares of Uber Technologies in a research report on Thursday, January 2nd. Finally, Loop Capital raised their target price on shares of Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Eight equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $90.94.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction that occurred on 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 transaction, 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. 3.80% of the stock is owned by insiders.

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.